Shares of Morgan Stanley (NYSE:MS – Get Rating) have been assigned a consensus rating of “Hold” from the seventeen analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $99.38.
Several equities research analysts have recently issued reports on MS shares. Barclays lowered their price target on Morgan Stanley from $123.00 to $108.00 and set an “overweight” rating on the stock in a research report on Friday, July 15th. Credit Suisse Group lifted their target price on Morgan Stanley from $95.00 to $97.00 and gave the stock an “outperform” rating in a research report on Wednesday. Odeon Capital Group downgraded Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Deutsche Bank Aktiengesellschaft decreased their target price on Morgan Stanley from $105.00 to $92.00 and set a “hold” rating on the stock in a research report on Monday, September 12th. Finally, Wells Fargo & Company decreased their target price on Morgan Stanley from $91.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday, July 1st.
Morgan Stanley Trading Down 1.8 %
Morgan Stanley stock opened at $84.77 on Friday. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $145.54 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 1.63 and a beta of 1.38. Morgan Stanley has a one year low of $72.05 and a one year high of $109.73. The company’s fifty day moving average price is $86.32 and its two-hundred day moving average price is $84.11.
Morgan Stanley (NYSE:MS – Get Rating) last issued its quarterly earnings results on Thursday, July 14th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.11). The business had revenue of $13.13 billion during the quarter, compared to analyst estimates of $13.50 billion. Morgan Stanley had a net margin of 22.76% and a return on equity of 14.33%. The company’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.89 earnings per share. On average, analysts forecast that Morgan Stanley will post 6.69 earnings per share for the current fiscal year.
Morgan Stanley Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Friday, July 29th were paid a $0.775 dividend. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 3.66%. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.70. Morgan Stanley’s payout ratio is 41.89%.
Morgan Stanley declared that its board has initiated a share repurchase plan on Monday, June 27th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 14.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
Insider Activity at Morgan Stanley
In related news, major shareholder Stanley Morgan purchased 8,598 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was acquired at an average price of $8.41 per share, with a total value of $72,309.18. Following the completion of the acquisition, the insider now directly owns 8,598 shares in the company, valued at approximately $72,309.18. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is currently owned by company insiders.
Institutional Trading of Morgan Stanley
A number of institutional investors have recently bought and sold shares of MS. State Street Corp grew its holdings in shares of Morgan Stanley by 2.1% in the 4th quarter. State Street Corp now owns 130,520,155 shares of the financial services provider’s stock valued at $12,811,858,000 after buying an additional 2,714,510 shares during the period. Vanguard Group Inc. lifted its position in Morgan Stanley by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 119,462,176 shares of the financial services provider’s stock valued at $10,440,994,000 after acquiring an additional 1,524,370 shares in the last quarter. Capital Research Global Investors lifted its position in Morgan Stanley by 100.7% in the 1st quarter. Capital Research Global Investors now owns 26,638,524 shares of the financial services provider’s stock valued at $2,328,216,000 after acquiring an additional 13,367,310 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Morgan Stanley by 11.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 22,052,848 shares of the financial services provider’s stock valued at $1,927,420,000 after acquiring an additional 2,274,156 shares in the last quarter. Finally, Capital International Investors lifted its position in Morgan Stanley by 696.5% in the 1st quarter. Capital International Investors now owns 20,756,931 shares of the financial services provider’s stock valued at $1,814,480,000 after acquiring an additional 18,150,967 shares in the last quarter. Institutional investors and hedge funds own 83.36% of the company’s stock.
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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.
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