Morgan Stanley (NYSE:MS) Price Target Raised to $106.00 at Evercore ISI

Morgan Stanley (NYSE:MS – Get Rating) had its target price increased by Evercore ISI from $90.00 to $106.00 in a research note issued to investors on Wednesday morning, The Fly reports.

A number of other equities analysts have also weighed in on the stock. Oppenheimer reduced their target price on shares of Morgan Stanley from $102.00 to $97.00 and set an outperform rating for the company in a research note on Wednesday, December 28th. BMO Capital Markets increased their price objective on shares of Morgan Stanley from $98.00 to $109.00 in a research note on Wednesday. Odeon Capital Group upgraded shares of Morgan Stanley from a sell rating to a hold rating and set a $88.75 price objective for the company in a research note on Tuesday, January 10th. Cfra restated a hold rating and set a $95.00 price objective (up from $90.00) on shares of Morgan Stanley in a research note on Tuesday. Finally, Wolfe Research downgraded shares of Morgan Stanley from an outperform rating to an underperform rating and set a $92.00 price objective for the company. in a research note on Wednesday, January 4th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Morgan Stanley presently has a consensus rating of Hold and an average price target of $96.40.

Morgan Stanley Price Performance

Shares of NYSE MS opened at $96.58 on Wednesday. The firm has a market cap of $163.23 billion, a PE ratio of 14.02, a PEG ratio of 1.59 and a beta of 1.34. 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 1-year low of $72.05 and a 1-year high of $109.73. The company has a fifty day moving average price of $88.71 and a 200 day moving average price of $85.17.

Morgan Stanley Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Tuesday, January 31st will be issued a $0.775 dividend. The ex-dividend date of this dividend is Monday, January 30th. This represents a $3.10 annualized dividend and a yield of 3.21%. Morgan Stanley’s dividend payout ratio is currently 44.99%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MS. Fisher Asset Management LLC increased its holdings in shares of Morgan Stanley by 68.9% during the third quarter. Fisher Asset Management LLC now owns 18,416,436 shares of the financial services provider’s stock worth $1,455,083,000 after purchasing an additional 7,514,505 shares during the period. Franklin Resources Inc. increased its holdings in shares of Morgan Stanley by 17.8% during the second quarter. Franklin Resources Inc. now owns 10,389,587 shares of the financial services provider’s stock worth $790,232,000 after purchasing an additional 1,566,606 shares during the period. Legal & General Group Plc increased its holdings in shares of Morgan Stanley by 1.7% during the second quarter. Legal & General Group Plc now owns 9,955,509 shares of the financial services provider’s stock worth $757,219,000 after purchasing an additional 166,221 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Morgan Stanley by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 7,074,398 shares of the financial services provider’s stock worth $618,303,000 after purchasing an additional 67,791 shares during the period. Finally, UBS Asset Management Americas Inc. increased its holdings in shares of Morgan Stanley by 9.6% during the second quarter. UBS Asset Management Americas Inc. now owns 6,163,637 shares of the financial services provider’s stock worth $468,806,000 after purchasing an additional 539,483 shares during the period. 83.48% of the stock is owned by institutional investors.

About Morgan Stanley

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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.