Morgan Stanley (NYSE:MS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Morgan Stanley (NYSE:MSGet Free Report) have been given a consensus recommendation of “Hold” by the nineteen research firms that are covering the company, MarketBeat.com reports. Eleven analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $99.07.

A number of equities research analysts have issued reports on MS shares. Bank of America increased their price target on Morgan Stanley from $100.00 to $106.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Evercore ISI raised their price objective on Morgan Stanley from $102.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, July 3rd. JMP Securities restated a “market perform” rating on shares of Morgan Stanley in a research report on Thursday, April 18th. Jefferies Financial Group raised their price objective on Morgan Stanley from $107.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, Oppenheimer raised their price objective on Morgan Stanley from $101.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th.

Read Our Latest Stock Report on Morgan Stanley

Insider Activity

In other news, insider Mandell Crawley sold 6,954 shares of Morgan Stanley stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $99.61, for a total transaction of $692,687.94. Following the completion of the sale, the insider now owns 46,274 shares of the company’s stock, valued at $4,609,353.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Charles Aubrey Smith III sold 11,200 shares of Morgan Stanley stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $90.09, for a total transaction of $1,009,008.00. Following the completion of the sale, the insider now owns 126,190 shares of the company’s stock, valued at $11,368,457.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mandell Crawley sold 6,954 shares of Morgan Stanley stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $99.61, for a total transaction of $692,687.94. Following the transaction, the insider now directly owns 46,274 shares in the company, valued at $4,609,353.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 118,154 shares of company stock valued at $10,722,696. Corporate insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Morgan Stanley

Institutional investors have recently bought and sold shares of the business. CGC Financial Services LLC increased its holdings in Morgan Stanley by 5,200.0% during the fourth quarter. CGC Financial Services LLC now owns 265 shares of the financial services provider’s stock valued at $25,000 after buying an additional 260 shares during the period. Bank & Trust Co purchased a new position in Morgan Stanley during the second quarter valued at approximately $26,000. University of Texas Texas AM Investment Managment Co. purchased a new position in Morgan Stanley during the fourth quarter valued at approximately $25,000. Lynx Investment Advisory purchased a new position in Morgan Stanley in the second quarter worth $30,000. Finally, First United Bank & Trust purchased a new position in Morgan Stanley in the fourth quarter worth $34,000. 84.19% of the stock is owned by hedge funds and other institutional investors.

Morgan Stanley Trading Up 0.8 %

Shares of MS stock opened at $103.47 on Thursday. Morgan Stanley has a 52-week low of $69.42 and a 52-week high of $103.51. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market capitalization of $168.16 billion, a PE ratio of 18.85, a PEG ratio of 1.23 and a beta of 1.38. The stock has a fifty day simple moving average of $97.93 and a two-hundred day simple moving average of $92.31.

Morgan Stanley (NYSE:MSGet Free Report) last issued its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.33. Morgan Stanley had a return on equity of 10.88% and a net margin of 9.57%. The business had revenue of $15.14 billion during the quarter, compared to analyst estimates of $14.42 billion. During the same quarter in the prior year, the business posted $1.70 EPS. Morgan Stanley’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts predict that Morgan Stanley will post 6.81 EPS for the current fiscal year.

Morgan Stanley Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Monday, April 29th. Morgan Stanley’s payout ratio is currently 61.93%.

About Morgan Stanley

(Get Free Report

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.

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Analyst Recommendations for Morgan Stanley (NYSE:MS)

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