MS has been the topic of a number of other research reports. Zacks Investment Research upgraded Morgan Stanley from a hold rating to a buy rating and set a $56.00 price target on the stock in a research note on Friday, October 20th. set a $54.00 price target on Morgan Stanley and gave the stock a hold rating in a research note on Friday, August 11th. Buckingham Research raised their price target on Morgan Stanley from $54.00 to $57.00 and gave the stock a buy rating in a research note on Wednesday, October 18th. Oppenheimer Holdings, Inc. restated a hold rating on shares of Morgan Stanley in a research note on Tuesday, October 17th. Finally, BMO Capital Markets restated a top pick rating and set a $69.00 price target on shares of Morgan Stanley in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. Morgan Stanley presently has a consensus rating of Buy and an average target price of $50.39.
Morgan Stanley (MS) opened at $49.09 on Monday. The stock has a market capitalization of $89,274.05, a P/E ratio of 13.68, a P/E/G ratio of 1.14 and a beta of 1.66. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.74 and a current ratio of 0.74. Morgan Stanley has a 12 month low of $40.06 and a 12 month high of $51.52.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.12. The firm had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.05 billion. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. analysts expect that Morgan Stanley will post 3.57 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.04%. The ex-dividend date was Monday, October 30th. Morgan Stanley’s payout ratio is currently 27.70%.
In related news, President Thomas Colm Kelleher sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $50.59, for a total value of $2,023,600.00. Following the completion of the transaction, the president now directly owns 692,037 shares of the company’s stock, valued at approximately $35,010,151.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey S. Brodsky sold 16,397 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $50.07, for a total value of $820,997.79. Following the completion of the transaction, the insider now directly owns 111,776 shares of the company’s stock, valued at $5,596,624.32. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. DSAM Partners London Ltd purchased a new position in Morgan Stanley during the third quarter worth $5,273,000. Davidson & Garrard Inc. increased its position in Morgan Stanley by 2.2% during the second quarter. Davidson & Garrard Inc. now owns 5,525 shares of the financial services provider’s stock worth $246,000 after buying an additional 120 shares in the last quarter. Calamos Wealth Management LLC purchased a new position in Morgan Stanley during the second quarter worth $1,412,000. BB&T Corp increased its position in Morgan Stanley by 9.7% during the third quarter. BB&T Corp now owns 171,122 shares of the financial services provider’s stock worth $8,243,000 after buying an additional 15,162 shares in the last quarter. Finally, CAPROCK Group Inc. purchased a new position in Morgan Stanley during the third quarter worth $220,000. 85.67% of the stock is owned by institutional investors.
Morgan Stanley Company Profile
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
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