Morgan Stanley (NYSE:MS)‘s stock had its “hold” rating reissued by Oppenheimer Holdings, Inc. in a research note issued to investors on Tuesday, October 17th. Oppenheimer Holdings also issued estimates for Morgan Stanley’s Q4 2017 earnings at $0.84 EPS, FY2017 earnings at $3.65 EPS and FY2018 earnings at $3.98 EPS.
A number of other equities research analysts have also commented on MS. BMO Capital Markets upped their price target on Morgan Stanley from $58.00 to $61.00 and gave the company an “outperform” rating in a research report on Thursday, July 20th. J P Morgan Chase & Co set a $53.00 price target on Morgan Stanley and gave the company a “buy” rating in a research report on Friday, September 15th. Berenberg Bank reiterated a “hold” rating and issued a $40.00 price target on shares of Morgan Stanley in a research report on Thursday, September 21st. ValuEngine lowered Morgan Stanley from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Credit Suisse Group upgraded Morgan Stanley from a “neutral” rating to an “outperform” rating and upped their target price for the company from $49.00 to $54.00 in a research report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $50.39.
Shares of Morgan Stanley (NYSE:MS) traded up $0.05 during midday trading on Tuesday, hitting $50.07. The stock had a trading volume of 2,123,805 shares, compared to its average volume of 7,970,000. The company has a market cap of $90,490.00, a P/E ratio of 13.86, a P/E/G ratio of 1.15 and a beta of 1.66. Morgan Stanley has a one year low of $32.56 and a one year high of $51.52. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.73 and a quick ratio of 0.73.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.12. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.05 billion. Morgan Stanley had a return on equity of 10.11% and a net margin of 16.76%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 EPS. equities analysts predict that Morgan Stanley will post 3.57 EPS for the current fiscal year.
In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 16,397 shares of the business’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $50.07, for a total transaction of $820,997.79. Following the completion of the sale, the insider now directly owns 111,776 shares in the company, valued at approximately $5,596,624.32. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, President Thomas Colm Kelleher sold 40,000 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $50.59, for a total value of $2,023,600.00. Following the completion of the sale, the president now owns 692,037 shares of the company’s stock, valued at $35,010,151.83. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.
Several large investors have recently made changes to their positions in MS. BlackRock Inc. lifted its holdings in shares of Morgan Stanley by 2,798.9% in the 1st quarter. BlackRock Inc. now owns 101,168,197 shares of the financial services provider’s stock valued at $4,334,046,000 after acquiring an additional 97,678,337 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Morgan Stanley by 5,268.0% in the 2nd quarter. Janus Henderson Group PLC now owns 9,590,843 shares of the financial services provider’s stock valued at $427,365,000 after acquiring an additional 9,412,177 shares during the last quarter. FMR LLC lifted its holdings in shares of Morgan Stanley by 16.9% in the 1st quarter. FMR LLC now owns 46,221,986 shares of the financial services provider’s stock valued at $1,980,150,000 after acquiring an additional 6,692,676 shares during the last quarter. Epoch Investment Partners Inc. purchased a new stake in Morgan Stanley in the 1st quarter worth about $215,402,000. Finally, Lazard Asset Management LLC raised its position in Morgan Stanley by 801.0% in the 2nd quarter. Lazard Asset Management LLC now owns 5,321,327 shares of the financial services provider’s stock worth $237,117,000 after purchasing an additional 4,730,704 shares during the period. 85.12% of the stock is owned by hedge funds and other institutional investors.
Morgan Stanley Company Profile
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
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