JPMorgan Chase & Co. Increases Morgan Stanley (NYSE:MS) Price Target to $195.00

Morgan Stanley (NYSE:MSGet Free Report) had its price target boosted by JPMorgan Chase & Co. from $187.00 to $195.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 9.41% from the stock’s previous close.

A number of other brokerages have also issued reports on MS. Weiss Ratings reissued a “buy (b-)” rating on shares of Morgan Stanley in a report on Thursday, July 2nd. Wolfe Research reduced their target price on shares of Morgan Stanley from $221.00 to $197.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. The Goldman Sachs Group lifted their price target on shares of Morgan Stanley from $211.00 to $233.00 and gave the company a “neutral” rating in a research report on Monday, July 6th. Barclays raised their target price on shares of Morgan Stanley from $230.00 to $262.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Rothschild & Co Redburn upped their price target on Morgan Stanley from $183.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $220.80.

Check Out Our Latest Research Report on MS

Morgan Stanley Stock Performance

Morgan Stanley stock opened at $215.27 on Thursday. Morgan Stanley has a fifty-two week low of $136.17 and a fifty-two week high of $232.25. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market cap of $339.54 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 1.63 and a beta of 1.23. The firm’s fifty day moving average price is $211.69 and its 200-day moving average price is $188.71.

Morgan Stanley (NYSE:MSGet Free Report) last announced its earnings results on Wednesday, July 15th. The financial services provider reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.57. The company had revenue of $21.35 billion during the quarter, compared to analyst estimates of $19.67 billion. Morgan Stanley had a net margin of 15.65% and a return on equity of 19.51%. The firm’s quarterly revenue was up 27.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.13 earnings per share. On average, equities research analysts expect that Morgan Stanley will post 12.14 earnings per share for the current fiscal year.

Morgan Stanley declared that its Board of Directors has approved a share buyback program on Wednesday, June 24th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the financial services provider to reacquire up to 5.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Morgan Stanley

In other Morgan Stanley news, insider Eric F. Grossman sold 11,118 shares of Morgan Stanley stock in a transaction on Monday, April 20th. The shares were sold at an average price of $190.75, for a total transaction of $2,120,758.50. Following the completion of the transaction, the insider directly owned 169,403 shares of the company’s stock, valued at $32,313,622.25. The trade was a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Morgan Stanley

Several hedge funds and other institutional investors have recently modified their holdings of the business. Brighton Jones LLC boosted its stake in shares of Morgan Stanley by 10.2% during the fourth quarter. Brighton Jones LLC now owns 12,782 shares of the financial services provider’s stock valued at $1,607,000 after purchasing an additional 1,185 shares during the period. Main Street Financial Solutions LLC lifted its holdings in Morgan Stanley by 69.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 8,964 shares of the financial services provider’s stock valued at $1,263,000 after buying an additional 3,661 shares in the last quarter. Diversify Advisory Services LLC boosted its position in Morgan Stanley by 90.9% in the 2nd quarter. Diversify Advisory Services LLC now owns 16,148 shares of the financial services provider’s stock valued at $2,378,000 after buying an additional 7,688 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Morgan Stanley by 6.3% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 263,575 shares of the financial services provider’s stock valued at $37,127,000 after buying an additional 15,623 shares during the period. Finally, Jupiter Wealth Management LLC grew its stake in Morgan Stanley by 7.8% in the 2nd quarter. Jupiter Wealth Management LLC now owns 52,825 shares of the financial services provider’s stock worth $7,805,000 after acquiring an additional 3,807 shares in the last quarter. 84.19% of the stock is currently owned by hedge funds and other institutional investors.

Morgan Stanley News Summary

Here are the key news stories impacting Morgan Stanley this week:

Morgan Stanley Company Profile

(Get Free Report)

Morgan Stanley (NYSE: MS) is a global financial services firm headquartered in New York City. Founded in 1935 by Henry S. Morgan and Harold Stanley, the company provides a broad range of investment banking, securities, wealth management and investment management services to corporations, governments, institutions and individual investors. Leadership has been guided by a senior executive team and board of directors; James P. Gorman has served as the company’s chief executive and chairman in recent years.

The firm’s primary business activities are organized around three principal businesses: Institutional Securities, Wealth Management and Investment Management.

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Analyst Recommendations for Morgan Stanley (NYSE:MS)

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