Morgan Stanley (MS) Rating Increased to Outperform at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods upgraded shares of Morgan Stanley (NYSE:MS) from a market perform rating to an outperform rating in a report released on Tuesday, Marketbeat.com reports. The firm currently has $59.00 price objective on the financial services provider’s stock.
Other equities research analysts also recently issued research reports about the company. J P Morgan Chase & Co set a $53.00 target price on Morgan Stanley and gave the stock a buy rating in a research report on Friday, September 15th. Barclays increased their target price on Morgan Stanley from $48.00 to $52.00 and gave the stock an equal weight rating in a research report on Wednesday, October 18th. Berenberg Bank restated a hold rating and set a $40.00 target price on shares of Morgan Stanley in a research report on Thursday, September 21st. ValuEngine downgraded Morgan Stanley from a strong-buy rating to a buy rating in a research report on Friday, September 1st. Finally, Credit Suisse Group upgraded Morgan Stanley from a neutral rating to an outperform rating and increased their target price for the stock from $49.00 to $54.00 in a research report on Monday, October 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $50.89.
Morgan Stanley (NYSE MS) traded up $0.46 during trading on Tuesday, reaching $53.10. The company had a trading volume of 12,707,996 shares, compared to its average volume of 7,125,326. Morgan Stanley has a fifty-two week low of $40.06 and a fifty-two week high of $54.25. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $95,185.89, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 1.24 and a beta of 1.64.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.81 by $0.12. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The business had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.05 billion. During the same quarter in the prior year, the business earned $0.80 earnings per share. Morgan Stanley’s revenue for the quarter was up 3.2% on a year-over-year basis. equities analysts anticipate that Morgan Stanley will post 3.57 earnings per share for the current year.
In related news, President Thomas Colm Kelleher sold 40,000 shares of the stock in a transaction 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 transaction, the president now owns 692,037 shares of the company’s stock, valued at $35,010,151.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey S. Brodsky sold 16,397 shares of the stock in a transaction 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 in the company, valued at approximately $5,596,624.32. The disclosure for this sale can be found here. In the last three months, insiders sold 85,247 shares of company stock worth $4,284,364. 0.35% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Omnia Family Wealth LLC grew its stake in shares of Morgan Stanley by 5.8% during the second quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock valued at $108,000 after buying an additional 134 shares during the last quarter. Invictus RG grew its stake in shares of Morgan Stanley by 307.5% during the third quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock valued at $112,000 after buying an additional 1,762 shares during the last quarter. Rational Advisors LLC purchased a new stake in shares of Morgan Stanley during the third quarter worth about $116,000. Zions Bancorporation boosted its holdings in shares of Morgan Stanley by 176.1% during the third quarter. Zions Bancorporation now owns 2,463 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 1,571 shares during the period. Finally, WFG Advisors LP boosted its holdings in shares of Morgan Stanley by 45.4% during the second quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 840 shares during the period. 85.60% of the stock is currently owned by institutional investors and hedge funds.
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About Morgan Stanley
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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