Morgan Stanley (NYSE:MS) Upgraded at Freedom Capital

Freedom Capital upgraded shares of Morgan Stanley (NYSE:MSFree Report) from a hold rating to a strong-buy rating in a research note released on Friday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company increased their price target on shares of Morgan Stanley from $225.00 to $240.00 and gave the company an “equal weight” rating in a research note on Thursday. The Goldman Sachs Group upped their target price on shares of Morgan Stanley from $211.00 to $233.00 and gave the company a “neutral” rating in a report on Monday, July 6th. Jefferies Financial Group raised shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. 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. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $207.00 price target on shares of Morgan Stanley in a research report on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $220.80.

Check Out Our Latest Stock Report on MS

Morgan Stanley Trading Down 0.1%

NYSE:MS opened at $215.27 on Friday. Morgan Stanley has a 1 year low of $136.17 and a 1 year high of $232.25. The stock has a market cap of $339.54 billion, a P/E ratio of 17.40, a P/E/G ratio of 1.56 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. The stock has a 50-day simple moving average of $211.69 and a 200-day simple moving average of $188.77.

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 the consensus estimate of $2.89 by $0.57. The business had revenue of $21.35 billion for 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%.The business’s quarterly revenue was up 27.1% on a year-over-year basis. During the same quarter last year, the company earned $2.13 EPS. As a group, analysts anticipate that Morgan Stanley will post 12.55 earnings per share for the current fiscal year.

Morgan Stanley Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a $1.15 dividend. This is a positive change from Morgan Stanley’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, July 31st. This represents a $4.60 annualized dividend and a yield of 2.1%. Morgan Stanley’s payout ratio is currently 32.34%.

Morgan Stanley announced that its Board of Directors has authorized a share buyback program on Wednesday, June 24th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 5.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Financial Management Professionals Inc. boosted its position in shares of Morgan Stanley by 0.6% during the 2nd quarter. Financial Management Professionals Inc. now owns 8,245 shares of the financial services provider’s stock valued at $1,724,000 after purchasing an additional 52 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in shares of Morgan Stanley by 12.3% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 502 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 55 shares in the last quarter. Powers Advisory Group LLC lifted its stake in Morgan Stanley by 4.0% during the fourth quarter. Powers Advisory Group LLC now owns 1,443 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 56 shares during the last quarter. Fielder Capital Group LLC boosted its holdings in Morgan Stanley by 1.4% during the fourth quarter. Fielder Capital Group LLC now owns 4,216 shares of the financial services provider’s stock worth $748,000 after buying an additional 57 shares in the last quarter. Finally, Central Bank & Trust Co. boosted its holdings in Morgan Stanley by 3.4% during the fourth quarter. Central Bank & Trust Co. now owns 1,767 shares of the financial services provider’s stock worth $314,000 after buying an additional 58 shares in the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Morgan Stanley News Summary

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

About Morgan Stanley

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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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