Morgan Stanley (NYSE:MS) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of Morgan Stanley (NYSE:MS) from a sell rating to a hold rating in a research report report published on Tuesday morning, ValuEngine reports.

Several other equities research analysts have also recently issued reports on the stock. TheStreet raised shares of Morgan Stanley from a c+ rating to a b- rating in a research report on Wednesday, September 18th. UBS Group reaffirmed a buy rating and set a $53.00 price target on shares of Morgan Stanley in a research report on Thursday, October 17th. Pritchard Capital raised shares of Morgan Stanley to a buy rating and set a $48.00 price target on the stock in a research note on Thursday, October 10th. Odeon Capital Group downgraded shares of Morgan Stanley from a buy rating to a hold rating in a research note on Tuesday, October 29th. Finally, Sandler O’Neill upgraded shares of Morgan Stanley from a hold rating to a buy rating and set a $48.00 price target on the stock in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Morgan Stanley has a consensus rating of Hold and an average target price of $54.54.

NYSE MS traded up $0.73 during trading hours on Tuesday, hitting $49.80. 9,487,259 shares of the company’s stock were exchanged, compared to its average volume of 10,509,749. The business’s 50 day moving average is $47.76 and its 200-day moving average is $43.93. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.78 and a current ratio of 0.78. Morgan Stanley has a 12-month low of $36.74 and a 12-month high of $50.24. The firm has a market capitalization of $80.99 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 1.08 and a beta of 1.38.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.27 EPS for the quarter, beating the consensus estimate of $1.10 by $0.17. Morgan Stanley had a return on equity of 10.86% and a net margin of 15.99%. The company had revenue of $10.03 billion during the quarter, compared to analysts’ expectations of $9.63 billion. During the same quarter in the previous year, the business earned $1.17 EPS. The firm’s revenue was up 1.6% on a year-over-year basis. As a group, equities research analysts anticipate that Morgan Stanley will post 4.74 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Wednesday, October 30th. Morgan Stanley’s dividend payout ratio (DPR) is presently 30.37%.

In other Morgan Stanley news, major shareholder Ufj Financial Group Mitsubishi sold 49,000 shares of the business’s stock in a transaction dated Sunday, September 15th. The stock was sold at an average price of $1.01, for a total transaction of $49,490.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Keishi Hotsuki sold 26,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $49.08, for a total value of $1,276,080.00. Following the completion of the sale, the insider now directly owns 254,530 shares of the company’s stock, valued at approximately $12,492,332.40. The disclosure for this sale can be found here. Insiders sold 151,105 shares of company stock worth $5,063,359 in the last 90 days. 0.23% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of MS. Nuveen Asset Management LLC lifted its position in Morgan Stanley by 1,929.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 16,566,955 shares of the financial services provider’s stock worth $725,798,000 after acquiring an additional 15,750,661 shares in the last quarter. Vectors Research Management LLC grew its position in Morgan Stanley by 650,262.3% in the third quarter. Vectors Research Management LLC now owns 3,590,000 shares of the financial services provider’s stock valued at $3,654,000 after acquiring an additional 3,589,448 shares in the last quarter. Eminence Capital LP purchased a new stake in shares of Morgan Stanley during the second quarter valued at approximately $141,913,000. Renaissance Technologies LLC purchased a new stake in shares of Morgan Stanley during the second quarter valued at approximately $59,323,000. Finally, Amundi Pioneer Asset Management Inc. raised its stake in shares of Morgan Stanley by 18.5% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 7,278,764 shares of the financial services provider’s stock valued at $1,032,162,000 after purchasing an additional 1,134,651 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

About Morgan Stanley

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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