Morgan Stanley (NYSE:MS) PT Raised to $106.00 at Bank of America

Morgan Stanley (NYSE:MS) had its target price increased by equities researchers at Bank of America from $100.00 to $106.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Bank of America‘s price objective would indicate a potential upside of 17.48% from the stock’s current price.

MS has been the subject of a number of other research reports. JMP Securities reaffirmed a “market perform” rating on shares of Morgan Stanley in a research report on Tuesday, April 9th. Oppenheimer increased their price objective on Morgan Stanley from $97.00 to $101.00 and gave the company an “outperform” rating in a research report on Wednesday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $91.00 target price on shares of Morgan Stanley in a research report on Wednesday, March 27th. HSBC raised their target price on Morgan Stanley from $96.00 to $100.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. Finally, BMO Capital Markets raised their target price on Morgan Stanley from $106.00 to $107.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 17th. Thirteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $97.79.

Morgan Stanley Trading Up 0.2 %

NYSE:MS opened at $90.23 on Wednesday. The stock’s 50 day moving average price is $88.82 and its 200 day moving average price is $84.85. Morgan Stanley has a 52 week low of $69.42 and a 52 week high of $95.57. The company has a market capitalization of $146.77 billion, a P/E ratio of 16.44, a P/E/G ratio of 1.80 and a beta of 1.43. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.75 and a current ratio of 0.75.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.33. The firm had revenue of $15.14 billion for the quarter, compared to the consensus estimate of $14.42 billion. Morgan Stanley had a return on equity of 10.87% and a net margin of 9.57%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.70 earnings per share. On average, research analysts forecast that Morgan Stanley will post 6.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Raja Akram sold 4,500 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $87.41, for a total transaction of $393,345.00. Following the completion of the transaction, the chief financial officer now directly owns 93,134 shares in the company, valued at approximately $8,140,842.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Chairman James P. Gorman sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $87.93, for a total value of $4,396,500.00. Following the completion of the transaction, the chairman now directly owns 400,000 shares in the company, valued at approximately $35,172,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Raja Akram sold 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $87.41, for a total value of $393,345.00. Following the completion of the transaction, the chief financial officer now owns 93,134 shares of the company’s stock, valued at $8,140,842.94. The disclosure for this sale can be found here. In the last three months, insiders sold 191,155 shares of company stock valued at $16,723,094. 0.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Morgan Stanley

Institutional investors have recently bought and sold shares of the company. CGC Financial Services LLC lifted its stake in Morgan Stanley by 5,200.0% in the 4th quarter. CGC Financial Services LLC now owns 265 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 260 shares in the last quarter. University of Texas Texas AM Investment Managment Co. bought a new stake in shares of Morgan Stanley during the 4th quarter worth approximately $25,000. RVW Wealth LLC bought a new stake in shares of Morgan Stanley during the 3rd quarter worth approximately $27,000. Glass Jacobson Investment Advisors llc raised its stake in shares of 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 in the last quarter. Finally, Janiczek Wealth Management LLC raised its stake in shares of Morgan Stanley by 810.8% during the 3rd quarter. Janiczek Wealth Management LLC now owns 337 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 84.19% of the company’s stock.

Morgan Stanley Company Profile

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.