Morgan Stanley (MS) Receives Equal Weight Rating from Barclays PLC
Morgan Stanley (NYSE:MS)‘s stock had its “equal weight” rating restated by stock analysts at Barclays PLC in a report issued on Wednesday. They currently have a $32.00 target price on the financial services provider’s stock. Barclays PLC’s price objective would suggest a potential upside of 0.28% from the company’s previous close.
A number of other research analysts also recently commented on MS. Deutsche Bank AG reissued a “hold” rating on shares of Morgan Stanley in a report on Sunday, June 26th. RBC Capital Markets set a $32.00 price target on Morgan Stanley and gave the company a “buy” rating in a report on Thursday, July 21st. Vetr raised Morgan Stanley from a “sell” rating to a “hold” rating and set a $26.38 price target for the company in a report on Wednesday, July 13th. Berenberg Bank began coverage on Morgan Stanley in a report on Wednesday, July 13th. They set a “hold” rating and a $29.00 target price on the stock. Finally, Royal Bank Of Canada increased their target price on Morgan Stanley from $27.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, July 21st. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $32.42.
Shares of Morgan Stanley (NYSE:MS) traded down 0.84% during trading on Wednesday, hitting $31.91. The stock had a trading volume of 6,743,261 shares. The firm has a market cap of $61.01 billion, a price-to-earnings ratio of 14.76 and a beta of 2.09. The stock has a 50-day moving average of $31.80 and a 200 day moving average of $28.14. Morgan Stanley has a 12-month low of $21.16 and a 12-month high of $35.74.
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Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.16. The firm earned $8.91 billion during the quarter, compared to the consensus estimate of $8.30 billion. Morgan Stanley had a return on equity of 6.41% and a net margin of 13.27%. Morgan Stanley’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.79 earnings per share. On average, analysts predict that Morgan Stanley will post $2.50 earnings per share for the current fiscal year.
In related news, Director Donald T. Nicolaisen sold 3,302 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $27.88, for a total transaction of $92,059.76. Following the completion of the sale, the director now directly owns 91,704 shares in the company, valued at $2,556,707.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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. Corporate insiders own 0.35% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Patten & Patten Inc. TN raised its stake in shares of Morgan Stanley by 1.0% in the third quarter. Patten & Patten Inc. TN now owns 74,610 shares of the financial services provider’s stock valued at $2,392,000 after buying an additional 772 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Morgan Stanley by 1.4% in the third quarter. Nisa Investment Advisors LLC now owns 527,277 shares of the financial services provider’s stock valued at $16,905,000 after buying an additional 7,148 shares during the period. Atria Investments LLC bought a new position in Morgan Stanley during the third quarter valued at $289,000. Creative Planning raised its position in Morgan Stanley by 24.9% in the third quarter. Creative Planning now owns 85,708 shares of the financial services provider’s stock valued at $2,748,000 after buying an additional 17,103 shares during the period. Finally, Fisher Asset Management LLC raised its position in Morgan Stanley by 656.9% in the third quarter. Fisher Asset Management LLC now owns 2,350,035 shares of the financial services provider’s stock valued at $75,342,000 after buying an additional 2,039,560 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.
About Morgan Stanley
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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