Shares of Morgan Stanley (NYSE:MS) have been assigned an average recommendation of “Buy” from the twenty-two research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $47.65.
Several equities analysts recently issued reports on the stock. Societe Generale raised shares of Morgan Stanley from a “sell” rating to a “buy” rating in a report on Tuesday, April 14th. BMO Capital Markets lifted their price objective on shares of Morgan Stanley from $45.00 to $63.00 in a report on Friday, April 17th. Oppenheimer lifted their price objective on shares of Morgan Stanley from $46.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Deutsche Bank reissued a “neutral” rating and set a $49.00 price objective (down from $51.00) on shares of Morgan Stanley in a report on Thursday, April 2nd. Finally, Odeon Capital Group raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Thursday, May 21st.
NYSE MS traded down $0.20 during trading on Tuesday, hitting $44.20. The stock had a trading volume of 12,783,347 shares, compared to its average volume of 11,972,390. The stock has a market capitalization of $69.64 billion, a price-to-earnings ratio of 9.19, a P/E/G ratio of 1.23 and a beta of 1.47. The stock has a 50 day simple moving average of $39.45 and a 200 day simple moving average of $45.71. Morgan Stanley has a one year low of $27.20 and a one year high of $57.57. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.80 and a current ratio of 0.80.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were given a dividend of $0.35 per share. The ex-dividend date was Wednesday, April 29th. This represents a $1.40 dividend on an annualized basis and a yield of 3.17%. Morgan Stanley’s dividend payout ratio is presently 28.11%.
In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 18,174 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $40.57, for a total value of $737,319.18. Following the sale, the insider now directly owns 141,863 shares of the company’s stock, valued at $5,755,381.91. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen J. Luczo acquired 19,000 shares of the company’s stock in a transaction on Friday, April 17th. The stock was acquired at an average cost of $38.68 per share, for a total transaction of $734,920.00. Following the completion of the acquisition, the director now owns 193,121 shares of the company’s stock, valued at approximately $7,469,920.28. The disclosure for this purchase can be found here. Insiders own 0.26% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. TFO TDC LLC acquired a new stake in shares of Morgan Stanley in the fourth quarter worth approximately $25,000. Howard Wealth Management LLC acquired a new stake in shares of Morgan Stanley in the fourth quarter worth approximately $31,000. Princeton Global Asset Management LLC acquired a new stake in shares of Morgan Stanley in the fourth quarter worth approximately $32,000. Central Bank & Trust Co. boosted its stake in shares of Morgan Stanley by 163.4% in the first quarter. Central Bank & Trust Co. now owns 698 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 433 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. acquired a new stake in shares of Morgan Stanley in the fourth quarter worth approximately $38,000. 86.99% of the stock is currently owned by institutional investors.
Morgan Stanley Company Profile
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.
Further Reading: What does a hold rating mean?
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