Morgan Stanley (NYSE:MS) had its price objective lowered by Credit Suisse Group from $62.00 to $58.00 in a research note released on Friday, The Fly reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

A number of other equities research analysts have also commented on the company. UBS Group raised Morgan Stanley from a market perform rating to an outperform rating in a research report on Tuesday, October 16th. JPMorgan Chase & Co. reissued a buy rating and issued a $62.00 price target on shares of Morgan Stanley in a research report on Monday, September 10th. Wolfe Research started coverage on Morgan Stanley in a research report on Tuesday, September 25th. They issued an outperform rating for the company. Wells Fargo & Co raised Morgan Stanley from a market perform rating to an outperform rating and increased their price target for the company from $56.00 to $60.00 in a research report on Wednesday, October 24th. Finally, Zacks Investment Research lowered Morgan Stanley from a hold rating to a sell rating in a research report on Friday, September 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $58.29.

NYSE MS traded down $1.29 on Friday, reaching $41.32. The company had a trading volume of 15,499,436 shares, compared to its average volume of 10,679,829. The firm has a market capitalization of $73.30 billion, a P/E ratio of 11.48, a PEG ratio of 0.73 and a beta of 1.25. Morgan Stanley has a 52-week low of $40.95 and a 52-week high of $59.38. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.67.

Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Tuesday, October 16th. The financial services provider reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.16. The business had revenue of $9.87 billion during the quarter, compared to analyst estimates of $9.55 billion. Morgan Stanley had a return on equity of 12.51% and a net margin of 15.93%. Morgan Stanley’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 EPS. As a group, sell-side analysts predict that Morgan Stanley will post 4.94 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Tuesday, October 30th. Morgan Stanley’s dividend payout ratio is presently 33.33%.

In other news, major shareholder Stanley Morgan sold 327 shares of the firm’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $23,000.00, for a total transaction of $7,521,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.19% of the company’s stock.

Several institutional investors have recently made changes to their positions in MS. CSat Investment Advisory L.P. purchased a new stake in Morgan Stanley in the 2nd quarter worth about $102,000. Girard Partners LTD. purchased a new stake in Morgan Stanley in the 3rd quarter worth about $115,000. Landaas & Co. WI ADV purchased a new stake in Morgan Stanley in the 2nd quarter worth about $119,000. Harvest Fund Management Co. Ltd increased its holdings in Morgan Stanley by 108.8% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,815 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 1,467 shares during the last quarter. Finally, Honkamp Krueger Financial Services Inc. purchased a new stake in Morgan Stanley in the 3rd quarter worth about $157,000. 85.08% of the stock is owned by hedge funds and other institutional investors.

About Morgan Stanley

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates Institutional Securities, Wealth Management, and Investment Management segments.

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