Morgan Stanley (NYSE:MS – Get Rating) has earned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $95.34.
MS has been the topic of several research analyst reports. Citigroup lowered their price target on shares of Morgan Stanley from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, April 20th. Oppenheimer boosted their target price on shares of Morgan Stanley from $95.00 to $103.00 and gave the stock an “outperform” rating in a research report on Thursday, April 20th. BMO Capital Markets cut their target price on shares of Morgan Stanley from $108.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, April 20th. StockNews.com assumed coverage on shares of Morgan Stanley in a research report on Thursday, March 16th. They set a “hold” rating for the company. Finally, Credit Suisse Group boosted their target price on shares of Morgan Stanley from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Thursday, January 19th.
Insiders Place Their Bets
In other Morgan Stanley news, Director Thomas H. Glocer sold 4,535 shares of Morgan Stanley stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $87.11, for a total transaction of $395,043.85. Following the completion of the sale, the director now owns 98,110 shares of the company’s stock, valued at approximately $8,546,362.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Morgan Stanley news, Director Thomas H. Glocer sold 4,535 shares of Morgan Stanley stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $87.11, for a total transaction of $395,043.85. Following the completion of the sale, the director now owns 98,110 shares of the company’s stock, valued at approximately $8,546,362.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew M. Saperstein sold 24,556 shares of Morgan Stanley stock in a transaction on Monday, February 13th. The stock was sold at an average price of $98.23, for a total transaction of $2,412,135.88. Following the sale, the insider now directly owns 190,440 shares of the company’s stock, valued at approximately $18,706,921.20. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.
Hedge Funds Weigh In On Morgan Stanley
Morgan Stanley Price Performance
Shares of NYSE:MS opened at $84.88 on Friday. Morgan Stanley has a 12 month low of $72.05 and a 12 month high of $100.99. The stock has a market cap of $141.76 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 1.78 and a beta of 1.34. The stock’s 50 day moving average price is $88.56 and its 200 day moving average price is $89.67. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.79 and a quick ratio of 0.79.
Morgan Stanley (NYSE:MS – Get Rating) last posted its quarterly earnings results on Wednesday, April 19th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.03. The company had revenue of $14.52 billion for the quarter, compared to analysts’ expectations of $13.96 billion. Morgan Stanley had a return on equity of 11.35% and a net margin of 14.12%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.06 earnings per share. Equities research analysts anticipate that Morgan Stanley will post 6.61 earnings per share for the current fiscal year.
Morgan Stanley Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Monday, May 1st will be issued a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Friday, April 28th. Morgan Stanley’s dividend payout ratio is currently 53.26%.
About Morgan Stanley
Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following segments: Institutional Securities, Wealth Management, and Investment Management.
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