Morgan Stanley (NYSE:MS) Given New $190.00 Price Target at Evercore

Morgan Stanley (NYSE:MSFree Report) had its target price reduced by Evercore from $215.00 to $190.00 in a research note published on Monday,MarketScreener reports. Evercore currently has an outperform rating on the financial services provider’s stock.

Other analysts have also issued reports about the company. Rothschild & Co Redburn decreased their price target on Morgan Stanley from $175.00 to $171.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 1st. JPMorgan Chase & Co. raised their price target on Morgan Stanley from $173.00 to $179.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 10th. Barclays raised their price target on Morgan Stanley from $183.00 to $219.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Wolfe Research decreased their price target on Morgan Stanley from $221.00 to $197.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 1st. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $207.00 price target on shares of Morgan Stanley in a research note on Friday, January 16th. Seven investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $188.87.

Check Out Our Latest Research Report on MS

Morgan Stanley Trading Up 0.3%

Morgan Stanley stock opened at $166.33 on Monday. The stock has a market cap of $264.11 billion, a PE ratio of 16.29, a P/E/G ratio of 1.41 and a beta of 1.19. The stock has a 50-day moving average price of $168.87 and a 200 day moving average price of $169.47. Morgan Stanley has a 52 week low of $94.33 and a 52 week high of $192.68. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 3.39.

Morgan Stanley (NYSE:MSGet Free Report) last posted its quarterly earnings data on Thursday, January 15th. The financial services provider reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.40. The firm had revenue of $17.90 billion during the quarter, compared to analysts’ expectations of $17.69 billion. Morgan Stanley had a return on equity of 16.78% and a net margin of 14.09%.The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.22 EPS. Equities research analysts predict that Morgan Stanley will post 8.56 earnings per share for the current fiscal year.

Morgan Stanley Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, January 30th. Morgan Stanley’s payout ratio is currently 39.18%.

Insiders Place Their Bets

In other news, CFO Sharon Yeshaya sold 15,838 shares of Morgan Stanley stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $185.77, for a total value of $2,942,225.26. Following the transaction, the chief financial officer directly owned 135,304 shares of the company’s stock, valued at $25,135,424.08. The trade was a 10.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Daniel A. Simkowitz sold 32,968 shares of Morgan Stanley stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $182.61, for a total value of $6,020,286.48. Following the completion of the transaction, the insider directly owned 357,342 shares in the company, valued at $65,254,222.62. This represents a 8.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 129,191 shares of company stock worth $23,736,506. 0.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Morgan Stanley

Several hedge funds and other institutional investors have recently modified their holdings of MS. CBIZ Investment Advisory Services LLC lifted its position in Morgan Stanley by 12.3% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 502 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 55 shares in the last quarter. Powers Advisory Group LLC lifted its position in Morgan Stanley by 4.0% during the 4th quarter. Powers Advisory Group LLC now owns 1,443 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 56 shares in the last quarter. Fielder Capital Group LLC lifted its position in Morgan Stanley by 1.4% during the 4th quarter. Fielder Capital Group LLC now owns 4,216 shares of the financial services provider’s stock worth $748,000 after acquiring an additional 57 shares in the last quarter. Central Bank & Trust Co. lifted its position in Morgan Stanley by 3.4% during the 4th quarter. Central Bank & Trust Co. now owns 1,767 shares of the financial services provider’s stock worth $314,000 after acquiring an additional 58 shares in the last quarter. Finally, Howard Financial Services LTD. lifted its position in Morgan Stanley by 1.6% during the 4th quarter. Howard Financial Services LTD. now owns 3,579 shares of the financial services provider’s stock worth $635,000 after acquiring an additional 58 shares in the last quarter. 84.19% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Morgan Stanley

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About Morgan Stanley

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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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