6 days Ago By ABMN Staff
Morgan Stanley ( NYSE:MS – Free Report ) had its target price decreased by Wells Fargo & Company from $130.00 to $120.00 in a research report report published on Monday, Benzinga reports.
Wells Fargo & Company currently has an equal weight rating on the financial services provider’s stock. Other equities analysts have also issued research reports about the company. UBS Group raised their price objective on Morgan Stanley from $130.
00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Bank of America dropped their price target on Morgan Stanley from $150.
00 to $144.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods boosted their price objective on Morgan Stanley from $138.
00 to $145.00 and gave the company a “market perform” rating in a research note on Friday, January 17th. Evercore ISI lowered their target price on shares of Morgan Stanley from $150.
00 to $138.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Morgan Stanley in a report on Monday.
Twelve analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $129.00.
Get Our Latest Report on Morgan Stanley Morgan Stanley Trading Up 0.9 % Morgan Stanley ( NYSE:MS – Get Free Report ) last posted its earnings results on Friday, April 11th. The financial services provider reported $2.
60 EPS for the quarter, beating the consensus estimate of $2.21 by $0.39.
The firm had revenue of $17.74 billion for the quarter, compared to analyst estimates of $16.81 billion.
Morgan Stanley had a return on equity of 14.39% and a net margin of 12.48%.
Morgan Stanley’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.
02 earnings per share. Equities analysts predict that Morgan Stanley will post 8.56 earnings per share for the current fiscal year.
Morgan Stanley Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a $0.925 dividend.
This represents a $3.70 dividend on an annualized basis and a yield of 3.39%.
The ex-dividend date is Wednesday, April 30th. Morgan Stanley’s dividend payout ratio (DPR) is currently 43.43%.
Insiders Place Their Bets In related news, CFO Raja Akram sold 17,500 shares of Morgan Stanley stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $136.01, for a total transaction of $2,380,175.
00. Following the completion of the transaction, the chief financial officer now directly owns 81,440 shares of the company’s stock, valued at approximately $11,076,654.40.
The trade was a 17.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link .
Also, insider Eric F. Grossman sold 13,097 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $136.
20, for a total value of $1,783,811.40. Following the completion of the sale, the insider now directly owns 197,444 shares in the company, valued at $26,891,872.
80. This trade represents a 6.22 % decrease in their position.
The disclosure for this sale can be found here . Insiders own 0.24% of the company’s stock.
Institutional Investors Weigh In On Morgan Stanley Several institutional investors and hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB raised its position in shares of Morgan Stanley by 474.3% during the 3rd quarter.
Wilmington Savings Fund Society FSB now owns 21,134 shares of the financial services provider’s stock worth $2,203,000 after purchasing an additional 17,454 shares during the last quarter. Principal Financial Group Inc. increased its position in Morgan Stanley by 0.
8% during the third quarter. Principal Financial Group Inc. now owns 4,711,805 shares of the financial services provider’s stock worth $491,159,000 after buying an additional 36,120 shares in the last quarter.
Matrix Trust Co acquired a new position in shares of Morgan Stanley in the fourth quarter worth $2,040,000. Johnson & White Wealth Management LLC purchased a new stake in shares of Morgan Stanley in the fourth quarter valued at $597,000. Finally, Franklin Resources Inc.
boosted its stake in shares of Morgan Stanley by 75.2% during the third quarter. Franklin Resources Inc.
now owns 7,850,848 shares of the financial services provider’s stock valued at $881,493,000 after acquiring an additional 3,369,520 shares during the last quarter. 84.19% of the stock is currently owned by hedge funds and other institutional investors.
About Morgan Stanley ( Get Free Report ) 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. It operates through Institutional Securities, Wealth Management, and Investment Management segments. Further Reading 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.
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