Morgan Stanley (NYSE:MS) Price Target Increased to $97.00 by Analysts at Credit Suisse Group

Morgan Stanley (NYSE:MSGet Rating) had its price objective raised by Credit Suisse Group from $95.00 to $97.00 in a research report report published on Wednesday, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

MS has been the subject of a number of other reports. Wells Fargo & Company reduced their price objective on shares of Morgan Stanley from $91.00 to $83.00 and set an equal weight rating for the company in a research note on Friday, July 1st. BMO Capital Markets cut their target price on shares of Morgan Stanley from $105.00 to $99.00 in a research note on Friday, July 15th. 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. Piper Sandler cut their target price on shares of Morgan Stanley from $100.00 to $90.00 and set a neutral rating for the company in a research note on Friday, July 1st. Finally, Oppenheimer cut their target price on shares of Morgan Stanley from $97.00 to $93.00 and set an outperform rating for the company in a research note on Friday, July 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $99.38.

Morgan Stanley Stock Down 1.0 %

Shares of MS stock opened at $86.36 on Wednesday. Morgan Stanley has a 12 month low of $72.05 and a 12 month high of $109.73. The stock has a market cap of $148.27 billion, a P/E ratio of 11.67, a P/E/G ratio of 1.66 and a beta of 1.38. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.38. The company has a 50 day simple moving average of $86.12 and a two-hundred day simple moving average of $84.10.

Morgan Stanley (NYSE:MSGet Rating) last announced its quarterly earnings data on Thursday, July 14th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.11). The firm had revenue of $13.13 billion during the quarter, compared to analysts’ expectations of $13.50 billion. Morgan Stanley had a return on equity of 14.33% and a net margin of 22.76%. The business’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same period last year, the company earned $1.89 earnings per share. On average, research analysts expect that Morgan Stanley will post 6.69 earnings per share for the current year.

Morgan Stanley Increases Dividend

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

Morgan Stanley announced that its board has initiated a stock buyback program on Monday, June 27th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the financial services provider to buy up to 14.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Morgan Stanley

In other news, major shareholder Stanley Morgan bought 8,598 shares of the stock in a transaction dated Thursday, July 28th. The stock was purchased 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 legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. increased its stake in Morgan Stanley by 1.2% in the 4th quarter. Johnson Financial Group Inc. now owns 8,714 shares of the financial services provider’s stock worth $855,000 after buying an additional 102 shares during the period. Jackson Square Capital LLC increased its position in Morgan Stanley by 2.2% during the 1st quarter. Jackson Square Capital LLC now owns 5,167 shares of the financial services provider’s stock valued at $452,000 after purchasing an additional 112 shares during the period. Foundations Investment Advisors LLC increased its position in Morgan Stanley by 3.5% during the 1st quarter. Foundations Investment Advisors LLC now owns 3,506 shares of the financial services provider’s stock valued at $297,000 after purchasing an additional 119 shares during the period. McIlrath & Eck LLC increased its position in Morgan Stanley by 11.3% during the 2nd quarter. McIlrath & Eck LLC now owns 1,170 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 119 shares during the period. Finally, Benson Investment Management Company Inc. increased its position in Morgan Stanley by 0.3% during the 1st quarter. Benson Investment Management Company Inc. now owns 45,561 shares of the financial services provider’s stock valued at $3,982,000 after purchasing an additional 120 shares during the period. Hedge funds and other institutional investors own 83.36% of the company’s stock.

Morgan Stanley Company Profile

(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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