Morgan Stanley (MS) Stock Rating Reaffirmed by Barclays PLC
Morgan Stanley (NYSE:MS)‘s stock had its “equal weight” rating reiterated by stock analysts at Barclays PLC in a research report issued on Wednesday. They currently have a $32.00 target price on the financial services provider’s stock. Barclays PLC’s target price would indicate a potential upside of 0.28% from the stock’s previous close.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Wednesday, October 5th. Vetr lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating and set a $25.26 price target for the company. in a research report on Monday, July 11th. Berenberg Bank assumed coverage on shares of Morgan Stanley in a research report on Wednesday, July 13th. They set a “hold” rating and a $29.00 price target for the company. BMO Capital Markets set a $46.00 price target on shares of Morgan Stanley and gave the company a “buy” rating in a research report on Wednesday, July 20th. Finally, UBS AG upped their price target on shares of Morgan Stanley from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, July 21st. Three investment 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. The company presently has an average rating of “Hold” and a consensus price target of $32.42.
Shares of Morgan Stanley (NYSE:MS) traded down 0.84% during midday trading on Wednesday, reaching $31.91. 6,743,261 shares of the company’s stock traded hands. Morgan Stanley has a one year low of $21.16 and a one year high of $35.74. The firm has a market capitalization of $61.01 billion, a PE ratio of 14.76 and a beta of 2.09. The stock’s 50-day moving average price is $31.80 and its 200 day moving average price is $28.14.
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Morgan Stanley (NYSE:MS) last posted its earnings results on Wednesday, July 20th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.16. The business had revenue of $8.91 billion for the quarter, compared to analysts’ expectations of $8.30 billion. Morgan Stanley had a net margin of 13.27% and a return on equity of 6.41%. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.79 EPS. On average, equities research analysts expect that Morgan Stanley will post $2.50 earnings per share for the current fiscal year.
In other news, COO James A. Rosenthal sold 91,426 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $29.06, for a total transaction of $2,656,839.56. Following the transaction, the chief operating officer now owns 270,880 shares in the company, valued at $7,871,772.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey S. Brodsky sold 19,955 shares of the firm’s stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $28.79, for a total value of $574,504.45. Following the transaction, the insider now owns 123,710 shares in the company, valued at approximately $3,561,610.90. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.
A number of institutional investors have recently bought and sold shares of MS. FineMark National Bank & Trust raised 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 valued at $113,000 after buying an additional 84 shares during the period. Assetmark Inc. raised 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 valued at $138,000 after buying an additional 3,962 shares during the period. Synovus Financial Corp raised 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 valued at $141,000 after buying an additional 549 shares during the period. Acrospire Investment Management LLC raised 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 valued at $161,000 after buying an additional 3,100 shares during the period. Finally, Handelsbanken Fonder AB bought a new position in Morgan Stanley during the second quarter valued at about $205,000. Institutional investors 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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