Royal Bank of Canada reaffirmed their buy rating on shares of Morgan Stanley (NYSE:MS) in a research report sent to investors on Thursday, AnalystRatings.com reports. They currently have a $60.00 target price on the financial services provider’s stock.

A number of other analysts have also recently commented on MS. Wells Fargo & Co raised Morgan Stanley to a buy ms rating in a research report on Thursday, December 20th. Barclays lowered their price target on Morgan Stanley from $63.00 to $55.00 and set an equal weight rating for the company in a research report on Wednesday, January 2nd. Zacks Investment Research cut Morgan Stanley from a hold rating to a sell rating in a research report on Thursday, January 3rd. Citigroup raised Morgan Stanley from a neutral rating to a buy rating and lowered their price target for the stock from $50.00 to $48.00 in a research report on Wednesday, January 9th. Finally, BMO Capital Markets lowered their price target on Morgan Stanley to $65.00 and set an outperform rating for the company in a research report on Friday, January 18th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $56.24.

Shares of MS stock opened at $47.55 on Thursday. Morgan Stanley has a 1-year low of $36.74 and a 1-year high of $55.64. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 2.60. The firm has a market cap of $80.19 billion, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 1.11 and a beta of 1.19.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.16. Morgan Stanley had a return on equity of 11.50% and a net margin of 16.75%. The company had revenue of $10.29 billion during the quarter, compared to analysts’ expectations of $9.96 billion. During the same quarter in the previous year, the firm posted $1.45 EPS. The firm’s revenue was down 7.1% compared to the same quarter last year. On average, equities research analysts forecast that Morgan Stanley will post 4.79 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.30 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.20 annualized dividend and a dividend yield of 2.52%. Morgan Stanley’s dividend payout ratio (DPR) is presently 26.03%.

In other news, CFO Paul C. Wirth sold 25,000 shares of the business’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $42.40, for a total value of $1,060,000.00. Following the completion of the transaction, the chief financial officer now owns 169,031 shares of the company’s stock, valued at approximately $7,166,914.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.23% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Nalls Sherbakoff Group LLC acquired a new position in Morgan Stanley in the 4th quarter worth about $28,000. Liberty Wealth Management LLC purchased a new stake in shares of Morgan Stanley in the fourth quarter valued at approximately $29,000. CWM LLC grew its position in shares of Morgan Stanley by 72.6% in the fourth quarter. CWM LLC now owns 799 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 336 shares in the last quarter. San Francisco Sentry Investment Group CA grew its position in shares of Morgan Stanley by 63.7% in the fourth quarter. San Francisco Sentry Investment Group CA now owns 1,002 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 390 shares in the last quarter. Finally, Sandy Spring Bank purchased a new stake in shares of Morgan Stanley in the fourth quarter valued at approximately $40,000. 86.10% of the stock is owned by institutional investors and hedge funds.

Morgan Stanley Company Profile

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 through Institutional Securities, Wealth Management, and Investment Management segments.

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Analyst Recommendations for Morgan Stanley (NYSE:MS)

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