The Morgan Stanley (MS) Rating Reiterated by Barclays PLC

The Morgan Stanley (MS) Rating Reiterated by Barclays PLC

Morgan Stanley (NYSE:MS)‘s stock had its “equal weight” rating reissued by equities research analysts at Barclays PLC in a report issued on Wednesday. They currently have a $32.00 price objective on the financial services provider’s stock. Barclays PLC’s price target would indicate a potential upside of 0.85% from the stock’s current price.

Several other brokerages have also recently weighed in on MS. Macquarie reaffirmed a “buy” rating and set a $37.00 target price on shares of Morgan Stanley in a research note on Wednesday, October 5th. Sandler O’Neill lowered Morgan Stanley from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a research report on Thursday, October 6th. Zacks Investment Research lowered Morgan Stanley from a “buy” rating to a “hold” rating in a research report on Thursday, October 6th. Citigroup Inc. increased their price target on Morgan Stanley from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday. Finally, JPMorgan Chase & Co. set a $32.00 price target on Morgan Stanley and gave the company a “buy” rating in a research report on Thursday, September 22nd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $32.42.

Shares of Morgan Stanley (NYSE:MS) opened at 31.73 on Wednesday. The stock has a market cap of $60.66 billion, a PE ratio of 14.68 and a beta of 2.09. The stock’s 50 day moving average price is $31.82 and its 200-day moving average price is $28.17. Morgan Stanley has a one year low of $21.16 and a one year high of $35.74.

Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, July 20th. The financial services provider reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.16. Morgan Stanley had a return on equity of 6.41% and a net margin of 13.27%. The business earned $8.91 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same quarter last year, the business posted $0.79 earnings per share. The company’s quarterly revenue was down 8.6% on a year-over-year basis. On average, equities analysts predict that Morgan Stanley will post $2.50 earnings per share for the current fiscal year.

In other news, Director Donald T. Nicolaisen sold 3,302 shares of Morgan Stanley stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $27.88, for a total transaction of $92,059.76. Following the sale, the director now owns 91,704 shares of the company’s stock, valued at approximately $2,556,707.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Stanley Morgan sold 357 shares of the business’s stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of $23,750.00, for a total value of $8,478,750.00. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. FineMark National Bank & Trust raised its stake in shares of Morgan Stanley by 2.0% in the second quarter. FineMark National Bank & Trust now owns 4,332 shares of the financial services provider’s stock valued at $113,000 after buying an additional 84 shares in the last quarter. Buckingham Capital Management Inc. raised its stake in shares of Morgan Stanley by 0.4% in the first quarter. Buckingham Capital Management Inc. now owns 35,092 shares of the financial services provider’s stock valued at $878,000 after buying an additional 138 shares in the last quarter. Rathbone Brothers plc raised its stake in shares of Morgan Stanley by 0.3% in the second quarter. Rathbone Brothers plc now owns 63,268 shares of the financial services provider’s stock valued at $1,644,000 after buying an additional 160 shares in the last quarter. Beaumont Financial Partners LLC raised its stake in shares of Morgan Stanley by 2.5% in the second quarter. Beaumont Financial Partners LLC now owns 9,027 shares of the financial services provider’s stock valued at $234,000 after buying an additional 218 shares in the last quarter. Finally, Cadence Capital Management LLC raised its stake in shares of Morgan Stanley by 0.8% in the second quarter. Cadence Capital Management LLC now owns 26,865 shares of the financial services provider’s stock valued at $698,000 after buying an additional 219 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

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