Morgan Stanley (NYSE:MS) had its price target upped by Citigroup Inc. from $30.00 to $32.00 in a report issued on Monday. Citigroup Inc. currently has a neutral rating on the financial services provider’s stock.
A number of other equities research analysts have also recently issued reports on MS. Barclays PLC restated a hold rating on shares of Morgan Stanley in a research note on Saturday, July 9th. Deutsche Bank AG restated a hold rating on shares of Morgan Stanley in a research note on Sunday, June 26th. Vetr upgraded Morgan Stanley from a sell rating to a hold rating and set a $26.38 price objective on the stock in a research note on Wednesday, July 13th. RBC Capital Markets set a $32.00 price objective on Morgan Stanley and gave the company a buy rating in a research note on Thursday, July 21st. Finally, Berenberg Bank assumed coverage on Morgan Stanley in a research note on Wednesday, July 13th. They issued a hold rating and a $29.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $32.42.
Shares of Morgan Stanley (NYSE:MS) opened at 32.64 on Monday. The stock has a 50 day moving average of $31.72 and a 200-day moving average of $28.09. Morgan Stanley has a 1-year low of $21.16 and a 1-year high of $35.74. The firm has a market capitalization of $62.40 billion, a P/E ratio of 15.10 and a beta of 2.09.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.16. The company had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.30 billion. Morgan Stanley had a net margin of 13.27% and a return on equity of 6.41%. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 EPS. On average, equities analysts expect that Morgan Stanley will post $2.50 earnings per share for the current year.
In other Morgan Stanley news, CFO Paul C. Wirth sold 18,929 shares of the stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $31.70, for a total value of $600,049.30. Following the completion of the transaction, the chief financial officer now owns 195,748 shares in the company, valued at $6,205,211.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Stanley Morgan sold 357 shares of the stock in a transaction on Tuesday, September 27th. The stock was sold at an average price of $23,750.00, for a total value of $8,478,750.00. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of MS. FineMark National Bank & Trust increased its position in Morgan Stanley by 2.0% in the second quarter. FineMark National Bank & Trust now owns 4,332 shares of the financial services provider’s stock worth $113,000 after buying an additional 84 shares during the period. Assetmark Inc. increased its position in Morgan Stanley by 291.1% in the second quarter. Assetmark Inc. now owns 5,323 shares of the financial services provider’s stock worth $138,000 after buying an additional 3,962 shares during the period. Synovus Financial Corp increased its position in Morgan Stanley by 11.3% in the second quarter. Synovus Financial Corp now owns 5,418 shares of the financial services provider’s stock worth $141,000 after buying an additional 549 shares during the period. Acrospire Investment Management LLC increased its position in Morgan Stanley by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 6,200 shares of the financial services provider’s stock worth $161,000 after buying an additional 3,100 shares during the period. Finally, Handelsbanken Fonder AB purchased a new position in Morgan Stanley during the second quarter worth about $205,000. Institutional investors and hedge funds own 83.64% of the company’s stock.
Morgan Stanley Company Profile
Morgan Stanley is a financial holding company. The Company is a global financial services firm that, through its subsidiaries and affiliates, advises, and originates, trades, manages and distributes capital for, governments, institutions and individuals. Its segments include Institutional Securities, Wealth Management and Investment Management.
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