Morgan Stanley (NYSE:MS) Price Target Raised to $195.00

Morgan Stanley (NYSE:MSFree Report) had its target price raised by JPMorgan Chase & Co. from $187.00 to $195.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Other analysts have also issued reports about the stock. Dbs Bank lifted their price target on shares of Morgan Stanley from $185.00 to $220.00 in a research note on Thursday, May 7th. Jefferies Financial Group upgraded shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. HSBC raised their target price on shares of Morgan Stanley from $153.00 to $177.00 and gave the stock a “hold” rating in a report on Friday, April 17th. BNP Paribas Exane lifted their target price on shares of Morgan Stanley from $195.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Morgan Stanley in a research note on Thursday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $220.80.

Check Out Our Latest Stock Report on Morgan Stanley

Morgan Stanley Price Performance

NYSE MS opened at $215.27 on Thursday. Morgan Stanley has a one year low of $136.17 and a one year high of $232.25. The stock has a 50-day moving average of $211.69 and a 200 day moving average of $188.71. The company has a market capitalization of $339.54 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.61 and a beta of 1.23. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.77 and a current ratio of 0.77.

Morgan Stanley (NYSE:MSGet Free Report) last issued its earnings results on Wednesday, July 15th. The financial services provider reported $3.46 earnings per share for the quarter, topping 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 return on equity of 19.51% and a net margin of 15.65%.Morgan Stanley’s revenue was up 27.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.13 EPS. On average, sell-side analysts forecast that Morgan Stanley will post 12.55 EPS for the current year.

Morgan Stanley Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a dividend of $1.15 per share. This is a boost from Morgan Stanley’s previous quarterly dividend of $1.00. This represents a $4.60 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, July 31st. Morgan Stanley’s dividend payout ratio is presently 36.23%.

Morgan Stanley announced that its Board of Directors has approved a share repurchase program on Wednesday, June 24th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 5.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, insider Eric F. Grossman sold 11,118 shares of the firm’s 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 transaction, the insider owned 169,403 shares of the company’s stock, valued at $32,313,622.25. This trade represents a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Morgan Stanley

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Purpose Unlimited Inc. bought a new position in shares of Morgan Stanley in the fourth quarter worth approximately $25,000. Motiv8 Investments LLC bought a new stake in shares of Morgan Stanley during the 4th quarter valued at $25,000. Olistico Wealth LLC bought a new stake in shares of Morgan Stanley during the 4th quarter valued at $27,000. Marquette Asset Management LLC lifted its stake in shares of Morgan Stanley by 143.4% during the 2nd quarter. Marquette Asset Management LLC now owns 129 shares of the financial services provider’s stock valued at $27,000 after buying an additional 76 shares in the last quarter. Finally, Lodestone Wealth Management LLC purchased a new position in shares of Morgan Stanley during the 4th quarter valued at $28,000. 84.19% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Morgan Stanley

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

Morgan Stanley Company Profile

(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.

Recommended Stories

Analyst Recommendations for Morgan Stanley (NYSE:MS)

Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.