Morgan Stanley (NYSE:MS) Receives Consensus Recommendation of “Hold” from Analysts

Morgan Stanley (NYSE:MSGet Rating) has earned a consensus rating of “Hold” from the fifteen analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $93.31.

Several brokerages recently weighed in on MS. BMO Capital Markets decreased their target price on Morgan Stanley from $97.00 to $95.00 and set an “outperform” rating for the company in a research note on Tuesday, October 18th. StockNews.com assumed coverage on Morgan Stanley in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on Morgan Stanley from $105.00 to $92.00 and set a “hold” rating on the stock in a research report on Monday, September 12th. The Goldman Sachs Group dropped their target price on Morgan Stanley from $94.00 to $93.00 and set a “buy” rating on the stock in a research report on Tuesday, October 4th. Finally, Oppenheimer reduced their target price on Morgan Stanley from $93.00 to $88.00 and set an “outperform” rating for the company in a research note on Monday, October 17th.

Morgan Stanley Stock Up 2.2 %

MS opened at $90.78 on Friday. The business’s fifty day simple moving average is $82.90 and its 200 day simple moving average is $82.39. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.36. Morgan Stanley has a 52 week low of $72.05 and a 52 week high of $109.73. The firm has a market cap of $153.43 billion, a P/E ratio of 13.18, a PEG ratio of 1.65 and a beta of 1.32.

Morgan Stanley (NYSE:MSGet Rating) last posted its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.04). Morgan Stanley had a return on equity of 13.43% and a net margin of 20.43%. The business had revenue of $12.99 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter in the prior year, the firm earned $2.04 earnings per share. Morgan Stanley’s revenue for the quarter was down 12.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Morgan Stanley will post 6.45 EPS for the current fiscal year.

Morgan Stanley Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Monday, October 31st will be given a $0.775 dividend. The ex-dividend date of this dividend is Friday, October 28th. This represents a $3.10 annualized dividend and a yield of 3.41%. Morgan Stanley’s dividend payout ratio (DPR) is presently 44.99%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Morgan Stanley by 1.3% during the first quarter. Vanguard Group Inc. now owns 119,462,176 shares of the financial services provider’s stock worth $10,440,994,000 after acquiring an additional 1,524,370 shares during the period. Capital Research Global Investors raised its holdings in shares of Morgan Stanley by 100.7% during the first quarter. Capital Research Global Investors now owns 26,638,524 shares of the financial services provider’s stock worth $2,328,216,000 after purchasing an additional 13,367,310 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Morgan Stanley by 11.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 22,052,848 shares of the financial services provider’s stock worth $1,927,420,000 after purchasing an additional 2,274,156 shares during the last quarter. Capital International Investors increased its holdings in Morgan Stanley by 696.5% in the first quarter. Capital International Investors now owns 20,756,931 shares of the financial services provider’s stock valued at $1,814,480,000 after buying an additional 18,150,967 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Morgan Stanley by 68.9% in the third quarter. Fisher Asset Management LLC now owns 18,416,436 shares of the financial services provider’s stock valued at $1,455,083,000 after buying an additional 7,514,505 shares in the last quarter. 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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