Morgan Stanley (NYSE:MS) has been given a consensus rating of “Hold” by the twenty brokerages that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $56.36.
A number of brokerages recently weighed in on MS. Societe Generale downgraded Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. ValuEngine downgraded Morgan Stanley from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 23rd. Credit Suisse Group reissued a “buy” rating and issued a $56.00 price objective on shares of Morgan Stanley in a research note on Wednesday, February 20th. HSBC set a $48.00 price objective on Morgan Stanley and gave the company a “neutral” rating in a research note on Thursday, April 4th. Finally, Zacks Investment Research downgraded Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Monday, March 11th.
Shares of MS traded up $0.25 during midday trading on Friday, reaching $42.96. 5,384,201 shares of the stock were exchanged, compared to its average volume of 9,082,299. Morgan Stanley has a 12-month low of $36.74 and a 12-month high of $54.61. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $72.50 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 1.03 and a beta of 1.24.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.16. Morgan Stanley had a return on equity of 11.45% and a net margin of 16.75%. The company had revenue of $10.29 billion during the quarter, compared to the consensus estimate of $9.96 billion. During the same period last year, the business earned $1.45 EPS. The business’s quarterly revenue was down 7.1% on a year-over-year basis. On average, equities research analysts expect that Morgan Stanley will post 4.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.79%. The ex-dividend date was Monday, April 29th. Morgan Stanley’s dividend payout ratio is currently 26.03%.
In other Morgan Stanley news, CFO Paul C. Wirth sold 25,000 shares of Morgan Stanley stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $42.40, for a total value of $1,060,000.00. Following the transaction, the chief financial officer now directly owns 169,031 shares of the company’s stock, valued at approximately $7,166,914.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Daniel A. Simkowitz acquired 7,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were purchased at an average cost of $47.57 per share, for a total transaction of $332,990.00. Following the acquisition, the insider now directly owns 193,089 shares in the company, valued at approximately $9,185,243.73. The disclosure for this purchase can be found here. Insiders own 0.23% of the company’s stock.
Several large investors have recently made changes to their positions in MS. Nalls Sherbakoff Group LLC acquired a new stake in Morgan Stanley in the 4th quarter valued at $28,000. Liberty Wealth Management LLC acquired a new stake in Morgan Stanley in the 4th quarter valued at $29,000. IMA Wealth Inc. acquired a new stake in Morgan Stanley in the 1st quarter valued at $31,000. CWM LLC boosted its stake in Morgan Stanley by 72.6% in the 4th quarter. CWM LLC now owns 799 shares of the financial services provider’s stock valued at $32,000 after buying an additional 336 shares in the last quarter. Finally, Citizens Financial Group Inc RI boosted its stake in Morgan Stanley by 46.2% in the 1st quarter. Citizens Financial Group Inc RI now owns 775 shares of the financial services provider’s stock valued at $32,000 after buying an additional 245 shares in the last quarter. 84.39% of the stock is currently owned by institutional investors.
About Morgan Stanley
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. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.
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