Morgan Stanley (MS) Upgraded at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods upgraded shares of Morgan Stanley (NYSE:MS) from a market perform rating to an outperform rating in a research note published on Tuesday morning, Marketbeat Ratings reports. Keefe, Bruyette & Woods currently has $59.00 price objective on the financial services provider’s stock.
A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Morgan Stanley from a hold rating to a buy rating and set a $59.00 price target on the stock in a research note on Monday. J P Morgan Chase & Co reissued a buy rating on shares of Morgan Stanley in a research note on Monday, November 20th. Barclays lifted their price target on shares of Morgan Stanley from $48.00 to $52.00 and gave the company an equal weight rating in a research note on Wednesday, October 18th. Buckingham Research lifted their price target on shares of Morgan Stanley from $54.00 to $57.00 and gave the company a buy rating in a research note on Wednesday, October 18th. Finally, BMO Capital Markets reissued a top pick rating and issued a $69.00 price target on shares of Morgan Stanley in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $50.89.
Shares of Morgan Stanley (NYSE MS) traded down $0.54 during midday trading on Tuesday, hitting $52.64. 8,190,000 shares of the stock were exchanged, compared to its average volume of 9,361,194. The firm has a market cap of $96,125.99, a PE ratio of 14.73, a price-to-earnings-growth ratio of 1.25 and a beta of 1.64. Morgan Stanley has a twelve month low of $40.06 and a twelve month high of $54.25. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.68.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.12. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.05 billion. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $0.80 EPS. equities analysts forecast that Morgan Stanley will post 3.57 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.00 dividend on an annualized basis and a yield of 1.90%. Morgan Stanley’s payout ratio is currently 27.70%.
In other news, President Thomas Colm Kelleher sold 40,000 shares of Morgan Stanley stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $50.59, for a total transaction of $2,023,600.00. Following the transaction, the president now owns 692,037 shares in the company, valued at approximately $35,010,151.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alistair Darling sold 3,850 shares of Morgan Stanley stock in a transaction on Friday, November 24th. The stock was sold at an average price of $49.29, for a total value of $189,766.50. Following the transaction, the director now owns 14,218 shares in the company, valued at approximately $700,805.22. The disclosure for this sale can be found here. Insiders sold a total of 85,247 shares of company stock worth $4,284,364 in the last 90 days. 0.35% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of MS. Janus Henderson Group PLC raised its holdings in shares of Morgan Stanley by 5,268.0% during the 2nd quarter. Janus Henderson Group PLC now owns 9,590,843 shares of the financial services provider’s stock worth $427,365,000 after acquiring an additional 9,412,177 shares during the period. Lazard Asset Management LLC raised its holdings in shares of Morgan Stanley by 801.0% during the 2nd quarter. Lazard Asset Management LLC now owns 5,321,327 shares of the financial services provider’s stock worth $237,117,000 after acquiring an additional 4,730,704 shares during the period. Epoch Investment Partners Inc. raised its holdings in shares of Morgan Stanley by 92.0% during the 2nd quarter. Epoch Investment Partners Inc. now owns 9,653,836 shares of the financial services provider’s stock worth $430,175,000 after acquiring an additional 4,625,783 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Morgan Stanley by 94.3% during the 2nd quarter. Alliancebernstein L.P. now owns 7,091,745 shares of the financial services provider’s stock worth $316,008,000 after acquiring an additional 3,442,450 shares during the period. Finally, Standard Life Investments LTD increased its position in shares of Morgan Stanley by 837.7% during the 2nd quarter. Standard Life Investments LTD now owns 3,570,298 shares of the financial services provider’s stock worth $159,038,000 after purchasing an additional 3,189,560 shares during the last quarter. Institutional investors and hedge funds own 85.60% of the company’s stock.
About Morgan Stanley
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
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