Morgan Stanley (NYSE:MS) Given New $100.00 Price Target at HSBC

Morgan Stanley (NYSE:MSGet Free Report) had its target price upped by equities research analysts at HSBC from $96.00 to $100.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “hold” rating on the financial services provider’s stock. HSBC’s price objective would indicate a potential upside of 6.20% from the stock’s current price.

Several other research analysts have also recently commented on the company. TheStreet raised Morgan Stanley from a “c+” rating to a “b” rating in a research note on Wednesday, March 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $91.00 price target on shares of Morgan Stanley in a report on Wednesday. UBS Group lifted their price target on Morgan Stanley from $80.00 to $95.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. The Goldman Sachs Group lifted their price target on Morgan Stanley from $89.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $91.00 price target (down from $102.00) on shares of Morgan Stanley in a report on Wednesday, January 17th. Thirteen analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Morgan Stanley has a consensus rating of “Hold” and an average target price of $94.45.

Read Our Latest Report on MS

Morgan Stanley Trading Up 0.7 %

MS opened at $94.16 on Thursday. Morgan Stanley has a 12 month low of $69.42 and a 12 month high of $95.57. The stock has a market capitalization of $153.98 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.90 and a beta of 1.43. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.75 and a quick ratio of 0.75. The business has a fifty day moving average price of $87.52 and a 200 day moving average price of $84.23.

Morgan Stanley (NYSE:MSGet Free Report) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.07 by $0.06. Morgan Stanley had a return on equity of 10.36% and a net margin of 9.49%. The firm had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.77 billion. During the same period in the previous year, the firm posted $1.31 EPS. Morgan Stanley’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts expect that Morgan Stanley will post 6.33 earnings per share for the current fiscal year.

Insider Activity at Morgan Stanley

In related news, CFO Raja Akram sold 7,000 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $83.56, for a total value of $584,920.00. Following the transaction, the chief financial officer now owns 97,634 shares in the company, valued at approximately $8,158,297.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Raja Akram sold 7,000 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $83.56, for a total value of $584,920.00. Following the transaction, the chief financial officer now owns 97,634 shares in the company, valued at approximately $8,158,297.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew M. Saperstein sold 10,000 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $84.13, for a total value of $841,300.00. Following the completion of the transaction, the insider now owns 323,490 shares in the company, valued at approximately $27,215,213.70. The disclosure for this sale can be found here. Insiders have sold 208,155 shares of company stock worth $18,149,314 in the last quarter. Company insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On Morgan Stanley

Several institutional investors and hedge funds have recently added to or reduced their stakes in MS. CGC Financial Services LLC increased its position in Morgan Stanley by 5,200.0% during the 4th quarter. CGC Financial Services LLC now owns 265 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 260 shares during the period. University of Texas Texas AM Investment Managment Co. acquired a new position in Morgan Stanley during the 4th quarter worth approximately $25,000. RVW Wealth LLC acquired a new position in Morgan Stanley during the 3rd quarter worth approximately $27,000. Glass Jacobson Investment Advisors llc increased its position in Morgan Stanley by 77.3% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 328 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 143 shares during the period. Finally, DHJJ Financial Advisors Ltd. acquired a new position in Morgan Stanley during the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 84.19% of the company’s stock.

About Morgan Stanley

(Get Free Report)

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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