Morgan Stanley (NYSE:MS)‘s stock had its “buy” rating reissued by analysts at Vining Sparks in a note issued to investors on Monday. They currently have a $60.00 price objective on the financial services provider’s stock. Vining Sparks’ price target would suggest a potential upside of 10.25% from the stock’s previous close.

Several other brokerages have also issued reports on MS. Wells Fargo & Co set a $55.00 target price on shares of Morgan Stanley and gave the company a “hold” rating in a research note on Wednesday, December 20th. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Wednesday, January 3rd. JPMorgan Chase & Co. set a $53.00 price objective on shares of Morgan Stanley and gave the stock a “buy” rating in a research note on Friday, September 15th. Barclays lifted their price objective on shares of Morgan Stanley from $48.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th. Finally, Berenberg Bank reissued a “hold” rating and set a $40.00 price objective on shares of Morgan Stanley in a research note on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $52.75.

Shares of Morgan Stanley (MS) traded up $1.12 during midday trading on Monday, hitting $54.42. 6,020,000 shares of the stock traded hands, compared to its average volume of 7,790,000. The company has a market cap of $98,390.00, a price-to-earnings ratio of 15.03, a PEG ratio of 1.08 and a beta of 1.65. 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 has a one year low of $40.06 and a one year high of $54.48.

Morgan Stanley (NYSE:MS) last issued its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.12. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.05 billion. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS. equities research analysts expect that Morgan Stanley will post 3.58 EPS for the current year.

In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 16,397 shares of Morgan Stanley stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $50.07, for a total value of $820,997.79. Following the transaction, the insider now owns 111,776 shares of the company’s stock, valued at $5,596,624.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Thomas Colm Kelleher sold 40,000 shares of Morgan Stanley stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $50.59, for a total transaction of $2,023,600.00. Following the completion of the transaction, the president now directly owns 692,037 shares in the company, valued at approximately $35,010,151.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,247 shares of company stock worth $4,284,364. Insiders own 0.24% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Omnia Family Wealth LLC raised its holdings in shares of Morgan Stanley by 5.8% in the second quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 134 shares during the last quarter. Optimum Investment Advisors raised its holdings in shares of Morgan Stanley by 2.6% in the second quarter. Optimum Investment Advisors now owns 11,674 shares of the financial services provider’s stock valued at $520,000 after purchasing an additional 301 shares during the last quarter. Woodmont Investment Counsel LLC raised its holdings in shares of Morgan Stanley by 4.3% in the second quarter. Woodmont Investment Counsel LLC now owns 7,546 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 312 shares during the last quarter. Financial Counselors Inc. increased its holdings in Morgan Stanley by 6.7% during the second quarter. Financial Counselors Inc. now owns 6,332 shares of the financial services provider’s stock worth $282,000 after buying an additional 400 shares during the last quarter. Finally, Courier Capital LLC increased its holdings in Morgan Stanley by 1.6% during the second quarter. Courier Capital LLC now owns 29,842 shares of the financial services provider’s stock worth $1,330,000 after buying an additional 458 shares during the last quarter. Institutional investors own 85.49% of the company’s stock.

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Morgan Stanley Company Profile

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.

Analyst Recommendations for Morgan Stanley (NYSE:MS)

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