Morgan Stanley (NYSE:MS) Given New $94.00 Price Target at The Goldman Sachs Group

Morgan Stanley (NYSE:MSGet Rating) had its price target hoisted by The Goldman Sachs Group from $85.00 to $94.00 in a research report report published on Wednesday, Marketbeat Ratings reports. The Goldman Sachs Group currently has a buy rating on the financial services provider’s stock.

Other research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft cut their price target on Morgan Stanley from $105.00 to $92.00 and set a hold rating for the company in a research note on Monday, September 12th. Odeon Capital Group downgraded Morgan Stanley from a hold rating to a sell rating in a research note on Tuesday, September 6th. Credit Suisse Group lifted their price target on Morgan Stanley from $95.00 to $97.00 and gave the stock an outperform rating in a research note on Wednesday. Barclays cut their price target on Morgan Stanley from $123.00 to $108.00 and set an overweight rating for the company in a research note on Friday, July 15th. Finally, Royal Bank of Canada cut their target price on shares of Morgan Stanley from $97.00 to $80.00 and set a sector perform rating for the company in a research note on Tuesday, June 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of $99.38.

Morgan Stanley Price Performance

Morgan Stanley stock opened at $86.36 on Wednesday. Morgan Stanley has a one year low of $72.05 and a one year high of $109.73. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.80 and a current ratio of 0.80. The business has a fifty day moving average of $86.12 and a two-hundred day moving average of $84.10. The company has a market cap of $148.27 billion, a P/E ratio of 11.67, a price-to-earnings-growth ratio of 1.66 and a beta of 1.38.

Morgan Stanley (NYSE:MSGet Rating) last released its earnings results on Thursday, July 14th. The financial services provider reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.11). Morgan Stanley had a net margin of 22.76% and a return on equity of 14.33%. The business had revenue of $13.13 billion during the quarter, compared to analyst estimates of $13.50 billion. During the same period last year, the business posted $1.89 EPS. Morgan Stanley’s revenue was down 11.0% compared to the same quarter last year. As a group, analysts predict that Morgan Stanley will post 6.69 earnings per share for the current fiscal year.

Morgan Stanley Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 29th were issued a $0.775 dividend. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, July 28th. This represents a $3.10 annualized dividend and a yield of 3.59%. Morgan Stanley’s payout ratio is 41.89%.

Morgan Stanley announced that its board has approved a stock repurchase plan on Monday, June 27th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 14.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Morgan Stanley

In other news, major shareholder Stanley Morgan bought 8,598 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was acquired at an average price of $8.41 per share, for a total transaction of $72,309.18. Following the acquisition, the insider now owns 8,598 shares of the company’s stock, valued at $72,309.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.26% of the stock is owned by company insiders.

Institutional Trading of Morgan Stanley

A number of institutional investors have recently modified their holdings of MS. Capital International Investors boosted its holdings in Morgan Stanley by 696.5% in the 1st quarter. Capital International Investors now owns 20,756,931 shares of the financial services provider’s stock worth $1,814,480,000 after acquiring an additional 18,150,967 shares during the period. Norges Bank purchased a new position in Morgan Stanley in the 4th quarter worth approximately $1,576,425,000. Capital Research Global Investors boosted its holdings in Morgan Stanley by 100.7% in the 1st quarter. Capital Research Global Investors now owns 26,638,524 shares of the financial services provider’s stock worth $2,328,216,000 after acquiring an additional 13,367,310 shares during the period. Ontario Teachers Pension Plan Board purchased a new position in Morgan Stanley in the 1st quarter worth approximately $451,711,000. Finally, State Street Corp boosted its holdings in Morgan Stanley by 2.1% in the 4th quarter. State Street Corp now owns 130,520,155 shares of the financial services provider’s stock worth $12,811,858,000 after acquiring an additional 2,714,510 shares during the period. Hedge funds and other institutional investors own 83.36% of the company’s stock.

About Morgan Stanley

(Get Rating)

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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Analyst Recommendations for Morgan Stanley (NYSE:MS)

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