Morgan Stanley (NYSE:MS) has been given a $61.00 price objective by analysts at Societe Generale in a research note issued on Monday. The firm currently has a “neutral” rating on the financial services provider’s stock. Societe Generale’s price objective would suggest a potential upside of 6.16% from the stock’s current price.
Several other brokerages have also commented on MS. Royal Bank of Canada reissued a “buy” rating and set a $60.00 price objective on shares of Morgan Stanley in a research report on Friday. Wells Fargo & Co set a $55.00 price objective on Morgan Stanley and gave the company a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Wednesday, January 3rd. Barclays raised their price objective on Morgan Stanley from $48.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Finally, Credit Suisse Group raised Morgan Stanley from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $49.00 to $54.00 in a research report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Morgan Stanley currently has an average rating of “Buy” and an average price target of $54.07.
Shares of Morgan Stanley (MS) traded up $1.62 during mid-day trading on Monday, reaching $57.46. The company had a trading volume of 15,124,100 shares, compared to its average volume of 9,426,677. Morgan Stanley has a 12 month low of $40.06 and a 12 month high of $57.50. The stock has a market capitalization of $102,650.00, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 0.92 and a beta of 1.65. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.74 and a quick ratio of 0.74.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. The company had revenue of $9.50 billion during the quarter, compared to analyst estimates of $9.25 billion. Morgan Stanley had a return on equity of 10.03% and a net margin of 14.10%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 earnings per share. research analysts predict that Morgan Stanley will post 4.38 EPS for the current year.
In related news, Director Alistair Darling sold 3,850 shares of Morgan Stanley stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $49.29, for a total value of $189,766.50. Following the completion of the sale, the director now directly owns 14,218 shares in the company, valued at approximately $700,805.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Keishi Hotsuki sold 25,000 shares of Morgan Stanley stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MS. Steward Partners Investment Advisory LLC grew its stake in shares of Morgan Stanley by 263.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,440 shares of the financial services provider’s stock valued at $757,000 after purchasing an additional 10,465 shares during the period. V Wealth Management LLC bought a new stake in shares of Morgan Stanley during the 4th quarter valued at about $221,000. State of Alaska Department of Revenue grew its stake in shares of Morgan Stanley by 482.0% during the 4th quarter. State of Alaska Department of Revenue now owns 126,307 shares of the financial services provider’s stock valued at $6,626,000 after purchasing an additional 104,606 shares during the period. Guidant Wealth Advisors bought a new stake in shares of Morgan Stanley during the 4th quarter valued at about $132,000. Finally, BKD Wealth Advisors LLC grew its stake in shares of Morgan Stanley by 11.6% during the 4th quarter. BKD Wealth Advisors LLC now owns 14,421 shares of the financial services provider’s stock valued at $757,000 after purchasing an additional 1,497 shares during the period. Institutional investors own 85.64% of the company’s stock.
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About Morgan Stanley
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.