Vining Sparks Reiterates “Strong-Buy” Rating for Morgan Stanley (MS)
Morgan Stanley (NYSE:MS)‘s stock had its “strong-buy” rating reissued by stock analysts at Vining Sparks in a research report issued on Thursday. They presently have a $51.00 price target on the financial services provider’s stock. Vining Sparks’ price target would indicate a potential upside of 22.01% from the stock’s current price.
A number of other research analysts also recently issued reports on the company. Zacks Investment Research downgraded Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Friday, February 10th. Vetr downgraded Morgan Stanley from a “hold” rating to a “sell” rating and set a $40.50 price target on the stock. in a research note on Wednesday. JPMorgan Chase & Co. restated a “buy” rating on shares of Morgan Stanley in a research note on Tuesday, March 14th. Deutsche Bank AG upgraded Morgan Stanley from a “hold” rating to a “buy” rating and raised their price target for the stock from $42.49 to $47.00 in a research note on Wednesday, March 29th. Finally, Macquarie restated an “outperform” rating on shares of Morgan Stanley in a research note on Thursday, February 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Morgan Stanley currently has an average rating of “Buy” and an average target price of $40.93.
Morgan Stanley (NYSE:MS) traded down 1.65% during mid-day trading on Thursday, hitting $41.80. The company had a trading volume of 12,945,264 shares. The company has a market capitalization of $78.01 billion, a P/E ratio of 14.31 and a beta of 1.80. The company has a 50-day moving average price of $43.61 and a 200 day moving average price of $41.14. Morgan Stanley has a 52-week low of $23.11 and a 52-week high of $47.33. Morgan Stanley also was the target of unusually large options trading on Wednesday. Stock investors acquired 9,738 put options on the stock. This is an increase of approximately 305% compared to the average volume of 2,405 put options.
Morgan Stanley (NYSE:MS) last issued its earnings results on Wednesday, April 19th. The financial services provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.10. Morgan Stanley had a return on equity of 8.48% and a net margin of 15.76%. The business had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.29 billion. During the same quarter last year, the company earned $0.55 EPS. The business’s quarterly revenue was up 25.1% on a year-over-year basis. On average, analysts forecast that Morgan Stanley will post $3.38 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Monday, May 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, April 27th. This represents a $0.80 annualized dividend and a yield of 1.91%. Morgan Stanley’s dividend payout ratio is presently 27.40%.
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In other news, President Thomas Colm Kelleher sold 182,027 shares of the business’s stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $43.82, for a total value of $7,976,423.14. Following the completion of the transaction, the president now directly owns 836,809 shares of the company’s stock, valued at $36,668,970.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Paul C. Wirth sold 10,000 shares of the business’s stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $44.25, for a total value of $442,500.00. Following the completion of the transaction, the chief financial officer now directly owns 216,038 shares of the company’s stock, valued at $9,559,681.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 204,508 shares of company stock valued at $8,993,548. 0.35% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its position in Morgan Stanley by 6.4% in the third quarter. Parkside Financial Bank & Trust now owns 3,437 shares of the financial services provider’s stock worth $110,000 after buying an additional 207 shares during the period. Salem Investment Counselors Inc. bought a new position in Morgan Stanley during the third quarter worth $110,000. State of Alaska Department of Revenue bought a new position in Morgan Stanley during the first quarter worth $120,000. Adirondack Trust Co. boosted its position in Morgan Stanley by 2.5% in the first quarter. Adirondack Trust Co. now owns 2,824 shares of the financial services provider’s stock worth $121,000 after buying an additional 70 shares during the period. Finally, MCF Advisors LLC boosted its position in Morgan Stanley by 0.6% in the third quarter. MCF Advisors LLC now owns 4,176 shares of the financial services provider’s stock worth $134,000 after buying an additional 26 shares during the period. 85.87% of the stock is owned by institutional investors.
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.
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