Morgan Stanley (MS) Price Target Raised to $63.00

Morgan Stanley (NYSE:MS) had its target price boosted by Barclays from $62.00 to $63.00 in a research report sent to investors on Thursday morning. The brokerage currently has an equal weight rating on the financial services provider’s stock.

A number of other research firms have also recently issued reports on MS. Wells Fargo set a $55.00 price target on shares of Morgan Stanley and gave the company a hold rating in a report on Wednesday, December 20th. Keefe, Bruyette & Woods restated a buy rating and set a $63.00 price target on shares of Morgan Stanley in a report on Friday, December 22nd. Zacks Investment Research cut shares of Morgan Stanley from a buy rating to a hold rating in a report on Friday, December 29th. Credit Suisse Group upgraded shares of Morgan Stanley to a buy rating and set a $58.00 price target for the company in a report on Thursday, January 4th. Finally, Vining Sparks restated a buy rating and set a $60.00 price target on shares of Morgan Stanley in a report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $55.07.

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Morgan Stanley stock opened at $54.46 on Thursday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market cap of $97,583.93, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 0.92 and a beta of 1.54. Morgan Stanley has a one year low of $40.43 and a one year high of $59.38.



Morgan Stanley (NYSE:MS) last posted its earnings results on Wednesday, April 18th. The financial services provider reported $1.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.17. The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $10.37 billion. Morgan Stanley had a net margin of 15.09% and a return on equity of 11.10%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 earnings per share. sell-side analysts predict that Morgan Stanley will post 4.68 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Monday, April 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Friday, April 27th. Morgan Stanley’s payout ratio is presently 27.78%.

In related news, CFO Jonathan Pruzan sold 52,204 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $55.35, for a total value of $2,889,491.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman James P. Gorman sold 100,000 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $55.34, for a total transaction of $5,534,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 239,254 shares of company stock valued at $13,085,019. 0.19% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Taylor Wealth Management Partners raised its position in Morgan Stanley by 1,353.0% in the fourth quarter. Taylor Wealth Management Partners now owns 7,265 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 6,765 shares in the last quarter. Ontario Teachers Pension Plan Board raised its position in Morgan Stanley by 57.5% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 1,295,900 shares of the financial services provider’s stock worth $67,996,000 after purchasing an additional 473,242 shares in the last quarter. Granite Investment Advisors LLC acquired a new stake in shares of Morgan Stanley during the fourth quarter worth approximately $211,000. Advisor Partners LLC increased its holdings in shares of Morgan Stanley by 6.0% during the fourth quarter. Advisor Partners LLC now owns 32,812 shares of the financial services provider’s stock worth $1,885,000 after buying an additional 1,858 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Morgan Stanley by 35.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 70,502 shares of the financial services provider’s stock worth $3,699,000 after buying an additional 18,459 shares in the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Morgan Stanley (NYSE:MS)

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