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

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

Other research analysts have also issued research reports about the company. Daiwa Securities Group increased their target price on Morgan Stanley from $175.00 to $198.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Barclays upped their price target on Morgan Stanley from $230.00 to $262.00 and gave the stock an “overweight” rating in a research note on Thursday. Jefferies Financial Group upgraded Morgan Stanley from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Argus boosted their target price on shares of Morgan Stanley from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Finally, HSBC boosted their target price on shares of Morgan Stanley from $153.00 to $177.00 and gave the company a “hold” rating in a report on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $220.80.

View Our Latest Stock Analysis on Morgan Stanley

Morgan Stanley Price Performance

Shares of NYSE MS opened at $215.27 on Friday. Morgan Stanley has a 1 year low of $136.17 and a 1 year high of $232.25. The company has a debt-to-equity ratio of 3.52, a current ratio of 0.77 and a quick ratio of 0.77. The company’s 50-day moving average is $211.69 and its 200 day moving average is $188.71. The stock has a market capitalization of $339.54 billion, a P/E ratio of 17.40, a P/E/G ratio of 1.63 and a beta of 1.23.

Morgan Stanley (NYSE:MSGet Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $3.46 EPS for the quarter, topping the consensus estimate of $2.89 by $0.57. The business 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%. Morgan Stanley’s quarterly revenue was up 27.1% compared to the same quarter last year. During the same period last year, the business posted $2.13 earnings per share. On average, sell-side analysts expect that Morgan Stanley will post 12.14 earnings per share for the current year.

Morgan Stanley declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, June 24th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 5.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, insider Eric F. Grossman sold 11,118 shares of Morgan Stanley stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $190.75, for a total value of $2,120,758.50. Following the completion of the transaction, the insider owned 169,403 shares of the company’s stock, valued at $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 available through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MS. Norges Bank bought a new stake in Morgan Stanley in the 4th quarter worth approximately $2,736,648,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Morgan Stanley by 29.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,917,776 shares of the financial services provider’s stock valued at $2,648,354,000 after buying an additional 3,364,080 shares during the period. Corient Private Wealth LLC boosted its stake in shares of Morgan Stanley by 142.4% in the 4th quarter. Corient Private Wealth LLC now owns 3,122,060 shares of the financial services provider’s stock worth $511,723,000 after buying an additional 1,833,844 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Morgan Stanley by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 119,718,100 shares of the financial services provider’s stock worth $21,253,554,000 after acquiring an additional 1,361,940 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in Morgan Stanley by 2,332.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,406,495 shares of the financial services provider’s stock valued at $249,710,000 after acquiring an additional 1,348,683 shares during the last quarter. 84.19% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Morgan Stanley

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

About Morgan Stanley

(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.

Further Reading

Analyst Recommendations for Morgan Stanley (NYSE:MS)

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