Morgan Stanley (MS) Earns “Buy” Rating from Vining Sparks

Vining Sparks reiterated their buy rating on shares of Morgan Stanley (NYSE:MS) in a research note issued to investors on Monday. Vining Sparks currently has a $60.00 target price on the financial services provider’s stock.

Several other equities analysts also recently weighed in on MS. Zacks Investment Research upgraded shares of Morgan Stanley from a hold rating to a buy rating and set a $49.00 target price for the company in a report on Monday, September 11th. upgraded shares of Morgan Stanley from a hold rating to a buy rating and set a $53.00 target price for the company in a report on Friday, September 15th. JPMorgan Chase & Co. set a $53.00 target price on shares of Morgan Stanley and gave the company a buy rating in a report on Friday, September 15th. Berenberg Bank reaffirmed a hold rating and set a $40.00 price target on shares of Morgan Stanley in a research note on Thursday, September 21st. Finally, Compass Point reaffirmed a sell rating and set a $38.00 price target (up from $34.00) on shares of Morgan Stanley in a research note on Monday, September 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Morgan Stanley currently has a consensus rating of Buy and an average price target of $52.75.

Morgan Stanley (NYSE MS) traded up $0.41 during trading hours on Monday, reaching $53.30. 6,622,697 shares of the company’s stock traded hands, compared to its average volume of 7,660,000. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.74 and a quick ratio of 0.74. Morgan Stanley has a 52-week low of $40.06 and a 52-week high of $54.25. The stock has a market cap of $96,360.00, a P/E ratio of 14.72, a P/E/G ratio of 1.08 and a beta of 1.65.

Morgan Stanley (NYSE:MS) last posted its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.12. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.05 billion. During the same period last year, the firm posted $0.80 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. sell-side analysts predict that Morgan Stanley will post 3.58 EPS for the current year.

In related news, insider Keishi Hotsuki sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $50.00, for a total value of $1,250,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alistair Darling sold 3,850 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $49.29, for a total transaction of $189,766.50. Following the completion of the sale, the director now directly owns 14,218 shares in the company, valued at $700,805.22. The disclosure for this sale can be found here. Insiders sold 85,247 shares of company stock worth $4,284,364 over the last three months. Corporate insiders own 0.24% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Morgan Stanley by 1.0% in the second quarter. BlackRock Inc. now owns 102,137,658 shares of the financial services provider’s stock worth $4,551,254,000 after acquiring an additional 969,461 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Morgan Stanley by 1.4% in the second quarter. Vanguard Group Inc. now owns 93,483,287 shares of the financial services provider’s stock worth $4,165,615,000 after acquiring an additional 1,256,318 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Morgan Stanley by 3.2% in the second quarter. Ameriprise Financial Inc. now owns 20,973,434 shares of the financial services provider’s stock worth $934,569,000 after acquiring an additional 654,034 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Morgan Stanley by 24.5% in the second quarter. The Manufacturers Life Insurance Company now owns 12,326,657 shares of the financial services provider’s stock worth $549,275,000 after acquiring an additional 2,427,130 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Morgan Stanley by 18.3% during the third quarter. Dimensional Fund Advisors LP now owns 11,816,768 shares of the financial services provider’s stock valued at $569,213,000 after buying an additional 1,828,697 shares in the last quarter. 85.49% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Morgan Stanley (NYSE:MS)

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