Wells Fargo & Co set a $55.00 target price on Morgan Stanley (NYSE:MS) in a research report sent to investors on Wednesday morning. The firm currently has a hold rating on the financial services provider’s stock.
Other equities research analysts also recently issued research reports about the company. J P Morgan Chase & Co set a $53.00 target price on Morgan Stanley and gave the stock a buy rating in a research report on Friday, September 15th. Oppenheimer reaffirmed a hold rating on shares of Morgan Stanley in a report on Tuesday, October 17th. Keefe, Bruyette & Woods raised shares of Morgan Stanley from a market perform rating to an outperform rating and set a $59.00 price target on the stock in a report on Tuesday, December 12th. Compass Point reaffirmed a sell rating and issued a $38.00 price target (up previously from $34.00) on shares of Morgan Stanley in a report on Monday, September 25th. Finally, raised shares of Morgan Stanley from a hold rating to a buy rating and set a $53.00 price target on the stock in a report on Friday, September 15th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. Morgan Stanley presently has a consensus rating of Buy and an average price target of $51.70.
Shares of Morgan Stanley (MS) opened at $52.72 on Wednesday. The stock has a market capitalization of $95,020.00, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 1.24 and a beta of 1.64. Morgan Stanley has a 12-month low of $40.06 and a 12-month high of $54.25. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.68.
In other news, Director Alistair Darling sold 3,850 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $49.29, for a total transaction of $189,766.50. Following the transaction, the director now directly owns 14,218 shares of the company’s stock, valued at $700,805.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas Colm Kelleher sold 40,000 shares of the firm’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $50.59, for a total value of $2,023,600.00. Following the transaction, the president now directly owns 692,037 shares in the company, valued at $35,010,151.83. The disclosure for this sale can be found here. Insiders have sold 85,247 shares of company stock worth $4,284,364 over the last ninety days. Insiders own 0.35% of the company’s stock.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Morgan Stanley by 1.0% during the second quarter. BlackRock Inc. now owns 102,137,658 shares of the financial services provider’s stock worth $4,551,254,000 after purchasing an additional 969,461 shares during the period. Vanguard Group Inc. lifted its holdings in 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 buying an additional 1,256,318 shares during the period. Ameriprise Financial Inc. lifted its holdings in 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 buying an additional 654,034 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in 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 buying an additional 2,427,130 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Morgan Stanley by 18.3% in the third quarter. Dimensional Fund Advisors LP now owns 11,816,768 shares of the financial services provider’s stock worth $569,213,000 after buying an additional 1,828,697 shares during the period. 85.49% of the stock is currently owned by hedge funds and other institutional investors.
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About Morgan Stanley
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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