Todays Report: Today, Morgan Stanley (MS) Given Average Recommendation of “Hold” by Brokerages

Today, Morgan Stanley (MS) Given Average Recommendation of “Hold” by Brokerages

Shares of Morgan Stanley (NYSE:MS) have received an average rating of “Hold” from the thirty analysts that are currently covering the stock. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $32.94.

Several equities analysts have recently issued reports on MS shares. JPMorgan Chase & Co. reiterated a “buy” rating and set a $27.00 price target (down from $29.00) on shares of Morgan Stanley in a research report on Monday, June 27th. Buckingham Research reiterated a “buy” rating on shares of Morgan Stanley in a research report on Tuesday, June 21st. Bank of America Corp. reiterated a “buy” rating and set a $27.00 price target (down from $32.00) on shares of Morgan Stanley in a research report on Wednesday, June 29th. Royal Bank Of Canada set a $27.00 price target on Morgan Stanley and gave the company a “buy” rating in a research report on Tuesday, June 28th. Finally, RBC Capital Markets set a $32.00 price target on Morgan Stanley and gave the company a “buy” rating in a research report on Thursday, July 21st.

In related news, insider Keishi Hotsuki sold 246,452 shares of the business’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $30.27, for a total transaction of $7,460,102.04. Following the completion of the transaction, the insider now owns 455,191 shares of the company’s stock, valued at approximately $13,778,631.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donald T. Nicolaisen sold 3,302 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $27.88, for a total value of $92,059.76. Following the transaction, the director now directly owns 91,704 shares of the company’s stock, valued at approximately $2,556,707.52. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. FineMark National Bank & Trust boosted its position in 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. Assetmark Inc. boosted its position in Morgan Stanley by 291.1% in the second quarter. Assetmark Inc. now owns 5,323 shares of the financial services provider’s stock valued at $138,000 after buying an additional 3,962 shares in the last quarter. Synovus Financial Corp boosted its position in Morgan Stanley by 11.3% in the second quarter. Synovus Financial Corp now owns 5,418 shares of the financial services provider’s stock valued at $141,000 after buying an additional 549 shares in the last quarter. Acrospire Investment Management LLC boosted its position in Morgan Stanley by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 6,200 shares of the financial services provider’s stock valued at $161,000 after buying an additional 3,100 shares in the last quarter. Finally, BLB&B Advisors LLC acquired a new position in Morgan Stanley during the third quarter valued at $207,000. 83.82% of the stock is owned by institutional investors and hedge funds.

Morgan Stanley (NYSE:MS) traded up 1.60% during trading on Tuesday, reaching $32.30. The company had a trading volume of 7,331,405 shares. The firm has a market capitalization of $61.75 billion, a price-to-earnings ratio of 14.94 and a beta of 2.09. Morgan Stanley has a 12 month low of $21.16 and a 12 month high of $35.74. The stock has a 50 day moving average price of $31.87 and a 200 day moving average price of $28.32.

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