Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Morgan Stanley (NYSE:MS) Stock

Morgan Stanley (NYSE:MSGet Free Report) had its price objective boosted by equities researchers at Keefe, Bruyette & Woods from $225.00 to $250.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 16.14% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets upped their target price on shares of Morgan Stanley from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. CICC Research boosted their target price on Morgan Stanley from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Rothschild & Co Redburn increased their price target on Morgan Stanley from $183.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Zacks Research cut Morgan Stanley from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Finally, Dbs Bank lifted their price objective on Morgan Stanley from $185.00 to $220.00 in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $220.80.

Check Out Our Latest Report on MS

Morgan Stanley Trading Down 1.4%

MS stock opened at $215.27 on Thursday. Morgan Stanley has a 1-year low of $136.17 and a 1-year high of $232.25. The company has a debt-to-equity ratio of 3.52, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $339.54 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.63 and a beta of 1.23. The business has a 50 day simple moving average of $211.69 and a two-hundred day simple moving average of $188.71.

Morgan Stanley (NYSE:MSGet Free Report) last announced its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.57. The business had revenue of $21.35 billion during the quarter, compared to analyst estimates of $19.67 billion. Morgan Stanley had a net margin of 15.65% and a return on equity of 19.51%. The company’s revenue was up 27.1% on a year-over-year basis. During the same period last year, the firm posted $2.13 EPS. Research analysts anticipate that Morgan Stanley will post 12.14 EPS for the current fiscal year.

Morgan Stanley announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 24th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the financial services provider to repurchase up to 5.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Insider Activity at Morgan Stanley

In related news, insider Eric F. Grossman sold 11,118 shares of Morgan Stanley stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $190.75, for a total value of $2,120,758.50. Following the completion of the transaction, the insider owned 169,403 shares in the company, valued at approximately $32,313,622.25. This trade represents a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Morgan Stanley

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Morgan Stanley by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 119,718,100 shares of the financial services provider’s stock worth $21,253,554,000 after buying an additional 1,361,940 shares during the last quarter. State Street Corp increased its position in Morgan Stanley by 0.5% during the fourth quarter. State Street Corp now owns 103,854,751 shares of the financial services provider’s stock valued at $18,437,334,000 after acquiring an additional 539,544 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Morgan Stanley by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 27,070,557 shares of the financial services provider’s stock valued at $4,786,350,000 after acquiring an additional 534,708 shares during the period. Fisher Asset Management LLC raised its stake in shares of Morgan Stanley by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 25,018,335 shares of the financial services provider’s stock valued at $4,441,505,000 after acquiring an additional 524,189 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Morgan Stanley by 0.5% in the 1st quarter. Bank of America Corp DE now owns 16,326,676 shares of the financial services provider’s stock worth $2,686,881,000 after acquiring an additional 87,533 shares during the last quarter. 84.19% of the stock is owned by institutional investors.

Key Stories Impacting Morgan Stanley

Here are the key news stories impacting Morgan Stanley this week:

About Morgan Stanley

(Get Free Report)

Morgan Stanley (NYSE: MS) is a global financial services firm headquartered in New York City. Founded in 1935 by Henry S. Morgan and Harold Stanley, the company provides a broad range of investment banking, securities, wealth management and investment management services to corporations, governments, institutions and individual investors. Leadership has been guided by a senior executive team and board of directors; James P. Gorman has served as the company’s chief executive and chairman in recent years.

The firm’s primary business activities are organized around three principal businesses: Institutional Securities, Wealth Management and Investment Management.

Further Reading

Analyst Recommendations for Morgan Stanley (NYSE:MS)

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