Morgan Stanley (NYSE:MS - Free Report) had its price objective hoisted by Cfra from $97.00 to $108.00 in a research note released on Tuesday, Benzinga reports. Cfra currently has a buy rating on the financial services provider's stock.
Other equities analysts have also issued research reports about the company. Bank of America lifted their price target on Morgan Stanley from $95.00 to $100.00 and gave the company a buy rating in a research note on Thursday, January 4th. BMO Capital Markets lifted their price target on Morgan Stanley from $106.00 to $107.00 and gave the company an outperform rating in a research note on Wednesday, January 17th. Keefe, Bruyette & Woods lifted their price target on Morgan Stanley from $91.00 to $94.00 and gave the company a market perform rating in a research note on Friday, April 5th. HSBC boosted their price objective on Morgan Stanley from $96.00 to $100.00 and gave the stock a hold rating in a research report on Thursday, March 28th. Finally, The Goldman Sachs Group boosted their price objective on Morgan Stanley from $89.00 to $100.00 and gave the stock a buy rating in a research report on Tuesday, December 19th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $95.66.
Get Our Latest Research Report on MS
Morgan Stanley Price Performance
NYSE MS traded up $2.14 during midday trading on Tuesday, hitting $89.13. The company had a trading volume of 18,291,014 shares, compared to its average volume of 8,935,679. The company has a market capitalization of $144.97 billion, a PE ratio of 17.24, a P/E/G ratio of 1.74 and a beta of 1.43. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.89. The firm has a 50-day moving average price of $88.59 and a 200-day moving average price of $84.72. Morgan Stanley has a twelve month low of $69.42 and a twelve month high of $95.57.
Morgan Stanley (NYSE:MS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.30. The firm had revenue of $15.14 billion during the quarter, compared to analysts' expectations of $14.42 billion. Morgan Stanley had a return on equity of 10.36% and a net margin of 9.49%. The company's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.70 EPS. As a group, analysts anticipate that Morgan Stanley will post 6.36 earnings per share for the current fiscal year.
Insider Activity
In other news, CFO Raja Akram sold 7,000 shares of the business's stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $83.56, for a total value of $584,920.00. Following the transaction, the chief financial officer now directly owns 97,634 shares of the company's stock, valued at approximately $8,158,297.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman James P. Gorman sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $87.93, for a total transaction of $4,396,500.00. Following the transaction, the chairman now directly owns 400,000 shares of the company's stock, valued at approximately $35,172,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Raja Akram sold 7,000 shares of the company's stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $83.56, for a total value of $584,920.00. Following the transaction, the chief financial officer now directly owns 97,634 shares in the company, valued at $8,158,297.04. The disclosure for this sale can be found here. Insiders have sold 208,155 shares of company stock valued at $18,149,314 in the last ninety days. 0.24% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in MS. West Paces Advisors Inc. increased its holdings in Morgan Stanley by 10.1% during the 1st quarter. West Paces Advisors Inc. now owns 1,283 shares of the financial services provider's stock worth $121,000 after purchasing an additional 118 shares in the last quarter. Continuum Advisory LLC increased its holdings in Morgan Stanley by 2.7% during the 4th quarter. Continuum Advisory LLC now owns 4,531 shares of the financial services provider's stock worth $423,000 after purchasing an additional 120 shares in the last quarter. Indiana Trust & Investment Management CO increased its holdings in Morgan Stanley by 9.9% during the 1st quarter. Indiana Trust & Investment Management CO now owns 1,341 shares of the financial services provider's stock worth $126,000 after purchasing an additional 121 shares in the last quarter. Exencial Wealth Advisors LLC increased its holdings in Morgan Stanley by 3.1% during the 4th quarter. Exencial Wealth Advisors LLC now owns 4,024 shares of the financial services provider's stock worth $375,000 after purchasing an additional 122 shares in the last quarter. Finally, NBW Capital LLC increased its holdings in Morgan Stanley by 4.2% during the 2nd quarter. NBW Capital LLC now owns 3,025 shares of the financial services provider's stock worth $258,000 after purchasing an additional 123 shares in the last quarter. 84.19% of the stock is owned by institutional investors and hedge funds.
About Morgan Stanley
(
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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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.
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