Morgan Stanley (NYSE:MS) Upgraded at Sandler O’Neill

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Sandler O’Neill upgraded shares of Morgan Stanley (NYSE:MS) from a hold rating to a buy rating in a report released on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has $48.00 price objective on the financial services provider’s stock.

Other research analysts also recently issued research reports about the stock. ValuEngine raised shares of Morgan Stanley from a sell rating to a hold rating in a report on Wednesday, October 2nd. Oppenheimer set a $65.00 price target on shares of Morgan Stanley and gave the company a buy rating in a report on Friday, July 19th. Citigroup raised shares of Morgan Stanley from a neutral rating to a buy rating and increased their price target for the company from $48.00 to $52.00 in a report on Friday, July 12th. BMO Capital Markets set a $69.00 price target on shares of Morgan Stanley and gave the company a buy rating in a report on Friday, July 19th. Finally, TheStreet raised shares of Morgan Stanley from a c+ rating to a b- rating in a report on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $55.15.

Shares of MS traded up $0.88 during midday trading on Thursday, hitting $41.93. 14,833,709 shares of the company traded hands, compared to its average volume of 9,316,140. The firm has a 50 day moving average of $42.10 and a 200-day moving average of $43.47. Morgan Stanley has a 52 week low of $36.74 and a 52 week high of $48.67. The stock has a market cap of $67.85 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 1.13 and a beta of 1.35. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.77 and a current ratio of 0.77.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.13 by $0.10. Morgan Stanley had a net margin of 16.06% and a return on equity of 11.04%. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.02 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. The business’s revenue was down 3.4% on a year-over-year basis. Sell-side analysts predict that Morgan Stanley will post 4.74 earnings per share for the current fiscal year.

In other Morgan Stanley news, major shareholder Ufj Financial Group Mitsubishi purchased 210,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was purchased at an average price of $1.02 per share, with a total value of $214,200.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders purchased 420,000 shares of company stock valued at $426,300. 0.23% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Lourd Capital LLC lifted its stake in shares of Morgan Stanley by 2.2% during the second quarter. Lourd Capital LLC now owns 10,652 shares of the financial services provider’s stock worth $467,000 after buying an additional 233 shares during the period. Sandy Spring Bank lifted its position in Morgan Stanley by 26.2% during the second quarter. Sandy Spring Bank now owns 1,262 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 262 shares during the period. Captrust Financial Advisors lifted its position in Morgan Stanley by 1.3% during the second quarter. Captrust Financial Advisors now owns 22,908 shares of the financial services provider’s stock valued at $1,004,000 after purchasing an additional 285 shares during the period. Convergence Investment Partners LLC lifted its position in Morgan Stanley by 0.7% during the second quarter. Convergence Investment Partners LLC now owns 43,074 shares of the financial services provider’s stock valued at $1,887,000 after purchasing an additional 293 shares during the period. Finally, Triangle Securities Wealth Management lifted its position in Morgan Stanley by 2.6% during the second quarter. Triangle Securities Wealth Management now owns 11,672 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 295 shares during the period. 83.58% of the stock is owned by institutional investors and hedge funds.

Morgan Stanley Company Profile

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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Analyst Recommendations for Morgan Stanley (NYSE:MS)

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