Morgan Stanley (NYSE:MS) had its price target upped by research analysts at Credit Suisse Group from $61.00 to $62.00 in a research report issued to clients and investors on Thursday. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Credit Suisse Group’s price objective points to a potential upside of 14.75% from the stock’s previous close.
A number of other research firms have also recently weighed in on MS. JPMorgan Chase reissued a “buy” rating and set a $60.00 price objective on shares of Morgan Stanley in a report on Thursday, March 15th. Zacks Investment Research cut shares of Morgan Stanley from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Societe Generale set a $61.00 price objective on shares of Morgan Stanley and gave the stock a “neutral” rating in a report on Monday, January 22nd. Royal Bank of Canada reissued a “buy” rating and set a $60.00 price objective on shares of Morgan Stanley in a report on Friday, January 19th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $62.00 price objective on shares of Morgan Stanley in a report on Thursday, April 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $55.02.
NYSE:MS traded up $0.77 during mid-day trading on Thursday, hitting $54.03. The stock had a trading volume of 2,757,152 shares, compared to its average volume of 9,770,550. The stock has a market cap of $95,397.89, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 0.92 and a beta of 1.54. Morgan Stanley has a twelve month low of $40.43 and a twelve month high of $59.38. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.75.
In related news, insider Daniel A. Simkowitz sold 87,050 shares of Morgan Stanley stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $53.55, for a total value of $4,661,527.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jonathan Pruzan sold 52,204 shares of Morgan Stanley stock in a transaction on Friday, February 16th. The shares were sold at an average price of $55.35, for a total transaction of $2,889,491.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 239,254 shares of company stock worth $13,085,019. Insiders own 0.19% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Exane Derivatives grew its position in Morgan Stanley by 303.9% in the 4th quarter. Exane Derivatives now owns 1,979 shares of the financial services provider’s stock valued at $104,000 after buying an additional 1,489 shares during the last quarter. First Dallas Securities Inc. purchased a new stake in shares of Morgan Stanley during the 4th quarter worth $121,000. Guidant Wealth Advisors purchased a new stake in shares of Morgan Stanley during the 4th quarter worth $132,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Morgan Stanley by 119.4% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,800 shares of the financial services provider’s stock worth $147,000 after buying an additional 1,524 shares during the last quarter. Finally, Risk Paradigm Group LLC raised its stake in shares of Morgan Stanley by 624.8% during the 4th quarter. Risk Paradigm Group LLC now owns 2,899 shares of the financial services provider’s stock worth $152,000 after buying an additional 2,499 shares during the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.
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Morgan Stanley Company Profile
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates through three segments: Institutional Securities, Wealth Management, and Investment Management.
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