Morgan Stanley (NYSE:MS) Raised to “Strong-Buy” at Freedom Capital

Morgan Stanley (NYSE:MSGet Free Report) was upgraded by equities research analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. Rothschild & Co Redburn boosted their price objective on shares of Morgan Stanley from $183.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Citizens Jmp reissued a “market perform” rating on shares of Morgan Stanley in a report on Thursday, April 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Morgan Stanley in a research note on Thursday, July 2nd. Jefferies Financial Group upgraded shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Finally, Argus raised their price objective on Morgan Stanley from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $220.80.

Get Our Latest Stock Analysis on Morgan Stanley

Morgan Stanley Stock Down 1.4%

Shares of NYSE:MS opened at $215.27 on Friday. The firm has a market cap of $339.54 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.61 and a beta of 1.23. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 3.52. Morgan Stanley has a 12-month low of $136.17 and a 12-month high of $232.25. The company has a fifty day simple moving average of $211.69 and a 200 day simple moving average of $188.71.

Morgan Stanley (NYSE:MSGet Free Report) last released its earnings results on Wednesday, July 15th. The financial services provider reported $3.46 earnings per share 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 the consensus estimate of $19.67 billion. Morgan Stanley had a net margin of 15.65% and a return on equity of 19.51%. The company’s revenue was up 27.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.13 EPS. On average, equities research analysts anticipate that Morgan Stanley will post 12.55 EPS for the current fiscal year.

Morgan Stanley announced that its board has initiated a share buyback plan on Wednesday, June 24th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 5.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Morgan Stanley

In related 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 value of $2,120,758.50. Following the completion of the sale, the insider owned 169,403 shares of the company’s stock, valued at approximately $32,313,622.25. The trade was a 6.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Morgan Stanley

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Purpose Unlimited Inc. acquired a new position in Morgan Stanley during the 4th quarter worth $25,000. Motiv8 Investments LLC acquired a new stake in shares of Morgan Stanley during the 4th quarter valued at about $25,000. Olistico Wealth LLC bought a new stake in shares of Morgan Stanley in the 4th quarter valued at approximately $27,000. Marquette Asset Management LLC grew its position in Morgan Stanley by 143.4% in the second quarter. Marquette Asset Management LLC now owns 129 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 76 shares during the period. Finally, Lodestone Wealth Management LLC bought a new stake in shares of Morgan Stanley in the 4th quarter worth about $28,000. 84.19% of the stock is currently owned by institutional investors and hedge funds.

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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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