Morgan Stanley (NYSE:MS – Get Free Report) had its price target hoisted by equities researchers at BMO Capital Markets from $220.00 to $240.00 in a research note issued to investors on Monday,MarketScreener reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. BMO Capital Markets’ price target indicates a potential upside of 12.19% from the company’s current price.
Other analysts have also recently issued reports about the stock. Citigroup upped their target price on shares of Morgan Stanley from $194.00 to $220.00 and gave the company a “neutral” rating in a report on Tuesday, June 23rd. Erste Group Bank upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. JPMorgan Chase & Co. boosted their price objective on shares of Morgan Stanley from $179.00 to $187.00 and gave the company a “neutral” rating in a research report on Friday, June 12th. UBS Group upped their price objective on Morgan Stanley from $196.00 to $214.00 in a research note on Wednesday, May 6th. Finally, Dbs Bank raised their target price on Morgan Stanley from $185.00 to $220.00 in a report on Thursday, May 7th. Twelve research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.50.
View Our Latest Research Report on Morgan Stanley
Morgan Stanley Trading Up 0.9%
Morgan Stanley (NYSE:MS – Get Free Report) last released its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $3.43 EPS for the quarter, beating the consensus estimate of $3.02 by $0.41. Morgan Stanley had a net margin of 14.65% and a return on equity of 17.70%. The firm had revenue of $20.58 billion during the quarter, compared to analyst estimates of $19.23 billion. During the same quarter in the prior year, the firm earned $2.60 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. Analysts expect that Morgan Stanley will post 11.81 EPS for the current year.
Morgan Stanley declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, June 24th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 5.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Insiders Place Their Bets
In other Morgan Stanley news, insider Andrew M. Saperstein sold 51,668 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $188.59, for a total value of $9,744,068.12. Following the completion of the transaction, the insider directly owned 282,142 shares in the company, valued at $53,209,159.78. This represents a 15.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Eric F. Grossman sold 11,118 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $190.75, for a total transaction of $2,120,758.50. Following the completion of the sale, the insider directly owned 169,403 shares of the company’s stock, valued at approximately $32,313,622.25. This trade represents a 6.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 77,476 shares of company stock worth $14,644,762 over the last three months. 0.17% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Morgan Stanley
Institutional investors and hedge funds have recently bought and sold shares of the business. Purpose Unlimited Inc. bought a new stake in Morgan Stanley during the 4th quarter valued at approximately $25,000. Motiv8 Investments LLC purchased a new stake in Morgan Stanley during the 4th quarter valued at approximately $25,000. Olistico Wealth LLC purchased a new stake in Morgan Stanley during the 4th quarter valued at approximately $27,000. Lodestone Wealth Management LLC bought a new stake in shares of Morgan Stanley during the fourth quarter valued at approximately $28,000. Finally, WFA of San Diego LLC bought a new stake in Morgan Stanley in the 2nd quarter valued at $28,000. 84.19% of the stock is owned by institutional investors.
More Morgan Stanley News
Here are the key news stories impacting Morgan Stanley this week:
- Positive Sentiment: Morgan Stanley raised its quarterly dividend to $1.15 from $1.00 and reauthorized a new multi-year share buyback program of up to $20 billion, signaling confidence in capital generation and a stronger return of cash to shareholders. Does Dividend Hike And US$20 Billion Buyback Change The Bull Case For Morgan Stanley (MS)?
- Positive Sentiment: Analysts continue to broadly view Morgan Stanley favorably, with reports citing a “Moderate Buy” consensus rating, which can help support the stock’s valuation. Morgan Stanley (NYSE:MS) Given Consensus Rating of “Moderate Buy” by Analysts
- Neutral Sentiment: Morgan Stanley’s research and commentary remained active across multiple sectors, including positive calls on Coca-Cola and several utility names, reinforcing its influence on market sentiment but not directly changing MS fundamentals. This is Why Morgan Stanley Believes The Coca-Cola Company (KO) is a Top Beverage Stock To Buy
- Neutral Sentiment: Another article highlighted Morgan Stanley’s view on housing rates staying elevated, which is more of a macro read-through than a direct catalyst for the bank. Americans May ‘Never See’ Cheap Housing Again, Says Market Commentator As Morgan Stanley Mortgage Rate Predictions Come Above Pre-2022 Levels
- Negative Sentiment: One concern is that Morgan Stanley’s North Haven Private Income Fund is facing unusually high redemption requests, which could raise questions about private-markets demand and near-term asset flows. Morgan Stanley (MS) Opens Private Markets Wider As Redemptions Test North Haven Fund
About Morgan Stanley
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
- Five stocks we like better than Morgan Stanley
- JPMorgan Stands by Sky-High Broadcom Target as Shares Slide
- 5 Places Investors Can Hide If the AI Trade Keeps Cracking
- Is Apple’s Latest Plunge the Canary in the Coal Mine for Tech Stocks?
- New Stock Price Highs Are on the Menu for Darden Restaurants
Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.
