Citigroup Inc. Analysts Give Morgan Stanley (MS) a $42.00 Price Target
Citigroup Inc. set a $42.00 price objective on Morgan Stanley (NYSE:MS) in a research note released on Tuesday morning. The firm currently has a neutral rating on the financial services provider’s stock.
Several other analysts also recently weighed in on MS. J P Morgan Chase & Co set a $45.00 price objective on shares of Morgan Stanley and gave the company a buy rating in a research report on Monday, December 12th. BMO Capital Markets reiterated a buy rating on shares of Morgan Stanley in a research report on Tuesday, November 29th. Deutsche Bank AG lifted their price objective on shares of Morgan Stanley from $34.00 to $43.00 and gave the company a hold rating in a research report on Wednesday, November 30th. Guggenheim reiterated a buy rating on shares of Morgan Stanley in a research report on Sunday, December 4th. Finally, Vetr downgraded shares of Morgan Stanley from a hold rating to a sell rating and set a $32.18 price objective on the stock. in a research report on Tuesday, November 8th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seventeen have issued a buy rating to the stock. Morgan Stanley presently has an average rating of Buy and an average target price of $36.37.
Morgan Stanley (NYSE:MS) traded up 0.928% during mid-day trading on Tuesday, hitting $44.035. 5,397,937 shares of the stock traded hands. Morgan Stanley has a 12-month low of $21.16 and a 12-month high of $44.60. The firm has a market cap of $82.47 billion, a PE ratio of 17.699 and a beta of 1.90. The stock has a 50 day moving average price of $42.69 and a 200 day moving average price of $34.08.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Wednesday, October 19th. The financial services provider reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.17. The firm had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.17 billion. Morgan Stanley had a net margin of 14.44% and a return on equity of 7.57%. Morgan Stanley’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm posted $0.34 EPS. On average, analysts expect that Morgan Stanley will post $2.76 earnings per share for the current fiscal year.
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In other news, insider Daniel A. Simkowitz sold 121,351 shares of the business’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $42.05, for a total value of $5,102,809.55. Following the completion of the sale, the insider now directly owns 385,473 shares in the company, valued at $16,209,139.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman James P. Gorman sold 100,000 shares of the business’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $41.38, for a total transaction of $4,138,000.00. Following the completion of the sale, the chairman now owns 1,356,401 shares of the company’s stock, valued at $56,127,873.38. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Parkside Financial Bank & Trust boosted its stake in shares of Morgan Stanley by 6.4% in the third quarter. Parkside Financial Bank & Trust now owns 3,437 shares of the financial services provider’s stock worth $110,000 after buying an additional 207 shares during the last quarter. Salem Investment Counselors Inc. purchased a new stake in shares of Morgan Stanley during the third quarter worth $110,000. MCF Advisors LLC boosted its stake in shares of Morgan Stanley by 0.6% in the third quarter. MCF Advisors LLC now owns 4,176 shares of the financial services provider’s stock worth $134,000 after buying an additional 26 shares during the last quarter. First Manhattan Co. boosted its stake in shares of Morgan Stanley by 2.4% in the third quarter. First Manhattan Co. now owns 4,294 shares of the financial services provider’s stock worth $137,000 after buying an additional 100 shares during the last quarter. Finally, Trust Co. of Vermont boosted its stake in shares of Morgan Stanley by 24.6% in the third quarter. Trust Co. of Vermont now owns 4,597 shares of the financial services provider’s stock worth $147,000 after buying an additional 907 shares during the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.
Morgan Stanley Company Profile
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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