Morgan Stanley (NYSE:MS) Upgraded to “Hold” by Odeon Capital Group

Odeon Capital Group upgraded shares of Morgan Stanley (NYSE:MSGet Rating) from a sell rating to a hold rating in a report released on Tuesday morning, The Fly reports. The firm currently has $88.75 price objective on the financial services provider’s stock.

A number of other brokerages have also issued reports on MS. Credit Suisse Group increased their target price on Morgan Stanley from $95.00 to $97.00 and gave the company an outperform rating in a research report on Wednesday, September 21st. Citigroup increased their target price on Morgan Stanley from $90.00 to $100.00 and gave the company a buy rating in a research report on Tuesday, December 20th. Barclays increased their target price on Morgan Stanley from $105.00 to $125.00 and gave the company an overweight rating in a research report on Tuesday, January 3rd. UBS Group increased their target price on Morgan Stanley from $90.00 to $98.00 and gave the company a buy rating in a research report on Monday. Finally, Atlantic Securities lowered Morgan Stanley from an overweight rating to a neutral rating and decreased their target price for the company from $95.00 to $85.00 in a research report on Wednesday, October 5th. 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 company’s stock. According to data from MarketBeat.com, Morgan Stanley has a consensus rating of Hold and an average target price of $93.61.

Morgan Stanley Trading Up 1.5 %

Morgan Stanley stock opened at $88.92 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 2.36. Morgan Stanley has a 12 month low of $72.05 and a 12 month high of $109.73. The stock’s 50 day simple moving average is $87.98 and its two-hundred day simple moving average is $84.65. The firm has a market cap of $150.28 billion, a PE ratio of 12.91, a P/E/G ratio of 1.52 and a beta of 1.34.

Morgan Stanley (NYSE:MSGet Rating) last released its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.53 EPS for the quarter, topping the consensus estimate of $1.51 by $0.02. 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 analyst estimates of $13.31 billion. During the same quarter in the prior year, the firm posted $2.04 EPS. The business’s quarterly revenue was down 12.0% compared to the same quarter last year. Analysts anticipate that Morgan Stanley will post 6.28 earnings per share for the current year.

Morgan Stanley Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were paid a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Friday, October 28th. Morgan Stanley’s dividend payout ratio (DPR) is presently 44.99%.

Institutional Trading of Morgan Stanley

A number of hedge funds and other institutional investors have recently modified their holdings of MS. Fairfield Bush & CO. purchased a new position in shares of Morgan Stanley during the 1st quarter worth $108,000. Baird Financial Group Inc. grew its holdings in shares of Morgan Stanley by 7.8% during the 1st quarter. Baird Financial Group Inc. now owns 306,637 shares of the financial services provider’s stock worth $26,801,000 after purchasing an additional 22,095 shares during the period. Zions Bancorporation N.A. grew its holdings in shares of Morgan Stanley by 61.9% during the 1st quarter. Zions Bancorporation N.A. now owns 6,957 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 2,660 shares during the period. Brown Brothers Harriman & Co. grew its holdings in shares of Morgan Stanley by 64.5% during the 1st quarter. Brown Brothers Harriman & Co. now owns 17,070 shares of the financial services provider’s stock worth $1,492,000 after purchasing an additional 6,696 shares during the period. Finally, Covestor Ltd grew its holdings in shares of Morgan Stanley by 66.9% during the 1st quarter. Covestor Ltd now owns 626 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 251 shares during the period. 83.48% of the stock is owned by institutional investors and hedge funds.

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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