Morgan Stanley (MS) Rating Reiterated by Macquarie
Morgan Stanley (NYSE:MS)‘s stock had its “buy” rating restated by investment analysts at Macquarie in a research note issued to investors on Wednesday. They presently have a $37.00 price objective on the financial services provider’s stock. Macquarie’s target price indicates a potential upside of 14.23% from the stock’s previous close.
A number of other analysts have also recently commented on the stock. Wells Fargo & Co. restated a “hold” rating on shares of Morgan Stanley in a report on Sunday, July 10th. Vetr cut shares of Morgan Stanley from a “sell” rating to a “strong sell” rating and set a $26.38 price target on the stock. in a research note on Monday, August 15th. TheStreet upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating in a research note on Monday, July 25th. UBS AG upped their price target on shares of Morgan Stanley from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, July 21st. Finally, Royal Bank Of Canada set a $27.00 price target on shares of Morgan Stanley and gave the stock a “buy” rating in a research note on Tuesday, June 28th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $32.41.
Morgan Stanley (NYSE:MS) opened at 32.39 on Wednesday. Morgan Stanley has a 12 month low of $21.16 and a 12 month high of $35.74. The firm’s 50-day moving average is $31.61 and its 200-day moving average is $27.95. The company has a market cap of $61.92 billion, a price-to-earnings ratio of 14.98 and a beta of 2.09.
Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, July 20th. The financial services provider reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.16. Morgan Stanley had a net margin of 13.27% and a return on equity of 6.41%. The firm had revenue of $8.91 billion for the quarter, compared to analysts’ expectations of $8.30 billion. During the same quarter in the previous year, the business posted $0.79 EPS. The company’s quarterly revenue was down 8.6% on a year-over-year basis. On average, analysts anticipate that Morgan Stanley will post $2.50 EPS for the current fiscal year.
In other news, major shareholder Stanley Morgan sold 357 shares of the stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of $23,750.00, for a total transaction of $8,478,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Paul C. Wirth sold 18,929 shares of the stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $31.70, for a total value of $600,049.30. Following the transaction, the chief financial officer now owns 195,748 shares of the company’s stock, valued at $6,205,211.60. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. FineMark National Bank & Trust increased its position in Morgan Stanley by 2.0% in the second quarter. FineMark National Bank & Trust now owns 4,332 shares of the financial services provider’s stock worth $113,000 after buying an additional 84 shares in the last quarter. Assetmark Inc. raised its stake in Morgan Stanley by 291.1% in the second quarter. Assetmark Inc. now owns 5,323 shares of the financial services provider’s stock valued at $138,000 after buying an additional 3,962 shares during the last quarter. Synovus Financial Corp raised its stake in Morgan Stanley by 11.3% in the second quarter. Synovus Financial Corp now owns 5,418 shares of the financial services provider’s stock valued at $141,000 after buying an additional 549 shares during the last quarter. Acrospire Investment Management LLC raised its stake in Morgan Stanley by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 6,200 shares of the financial services provider’s stock valued at $161,000 after buying an additional 3,100 shares during the last quarter. Finally, Handelsbanken Fonder AB bought a new stake in Morgan Stanley during the second quarter valued at $205,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.
About Morgan Stanley
Morgan Stanley is a financial holding company. The Company is a global financial services firm that, through its subsidiaries and affiliates, advises, and originates, trades, manages and distributes capital for, governments, institutions and individuals. Its segments include Institutional Securities, Wealth Management and Investment Management.
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