Morgan Stanley (MS) Receives “Equal Weight” Rating from Barclays PLC
Barclays PLC reissued their equal weight rating on shares of Morgan Stanley (NYSE:MS) in a research report sent to investors on Wednesday. Barclays PLC currently has a $32.00 price target on the financial services provider’s stock.
A number of other equities analysts have also recently weighed in on the company. Wells Fargo & Co. reissued a hold rating on shares of Morgan Stanley in a report on Sunday, July 10th. Vetr cut Morgan Stanley from a sell rating to a strong sell rating and set a $26.38 price target for the company. in a report on Monday, August 15th. TheStreet upgraded Morgan Stanley from a hold rating to a buy rating in a research note on Monday, July 25th. UBS AG upped their target price on Morgan Stanley from $32.00 to $34.00 and gave the company a buy rating in a research note on Thursday, July 21st. Finally, Royal Bank Of Canada set a $27.00 target price on Morgan Stanley and gave the company a buy rating in a research note on Tuesday, June 28th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $32.42.
Morgan Stanley (NYSE:MS) opened at 31.34 on Wednesday. The company’s 50-day moving average price is $31.80 and its 200-day moving average price is $28.14. Morgan Stanley has a one year low of $21.16 and a one year high of $35.74. The stock has a market capitalization of $59.92 billion, a PE ratio of 14.50 and a beta of 2.09.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.16. Morgan Stanley had a return on equity of 6.41% and a net margin of 13.27%. The company earned $8.91 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same period in the previous year, the firm posted $0.79 earnings per share. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year. Equities research analysts predict that Morgan Stanley will post $2.50 EPS for the current year.
In related news, insider Jeffrey S. Brodsky sold 19,955 shares of the stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $28.79, for a total transaction of $574,504.45. Following the completion of the sale, the insider now directly owns 123,710 shares in the company, valued at $3,561,610.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO James A. Rosenthal sold 91,426 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $29.06, for a total value of $2,656,839.56. Following the transaction, the chief operating officer now owns 270,880 shares in the company, valued at $7,871,772.80. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of MS. State Street Corp raised its position in Morgan Stanley by 15.3% in the first quarter. State Street Corp now owns 158,338,614 shares of the financial services provider’s stock valued at $3,960,055,000 after buying an additional 20,974,063 shares during the period. Vanguard Group Inc. raised its position in Morgan Stanley by 1.5% in the second quarter. Vanguard Group Inc. now owns 86,662,981 shares of the financial services provider’s stock worth $2,251,503,000 after buying an additional 1,303,627 shares during the last quarter. ValueAct Holdings L.P. acquired a new position in Morgan Stanley during the second quarter worth approximately $987,240,000. FMR LLC raised its position in Morgan Stanley by 9.5% in the second quarter. FMR LLC now owns 25,261,255 shares of the financial services provider’s stock worth $656,286,000 after buying an additional 2,191,933 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Morgan Stanley by 3.9% in the first quarter. Geode Capital Management LLC now owns 13,162,956 shares of the financial services provider’s stock worth $328,582,000 after buying an additional 489,414 shares during the last quarter. 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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