Trade Report: Today: JPMorgan Chase & Co. Reiterates “Buy” Rating for Morgan Stanley (MS)

Today: JPMorgan Chase & Co. Reiterates “Buy” Rating for Morgan Stanley (MS)

Morgan Stanley (NYSE:MS)‘s stock had its “buy” rating reissued by stock analysts at JPMorgan Chase & Co. in a report issued on Monday.

Several other equities research analysts have also recently commented on the company. Vetr raised Morgan Stanley from a “strong sell” rating to a “sell” rating and set a $30.77 target price for the company in a research note on Monday, October 17th. Barclays PLC reaffirmed an “equal weight” rating and set a $32.00 target price on shares of Morgan Stanley in a research note on Wednesday, October 12th. Argus raised their target price on Morgan Stanley from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Zacks Investment Research cut Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Thursday, October 6th. Finally, Sandler O’Neill cut Morgan Stanley from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a research note on Thursday, October 6th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Morgan Stanley currently has a consensus rating of “Hold” and an average target price of $32.59.

Morgan Stanley (NYSE:MS) traded down 1.63% during midday trading on Monday, reaching $40.43. The company’s stock had a trading volume of 3,278,081 shares. Morgan Stanley has a 52-week low of $21.16 and a 52-week high of $41.20. The firm has a market cap of $75.72 billion, a P/E ratio of 16.25 and a beta of 1.87. The firm has a 50 day moving average of $35.22 and a 200 day moving average of $30.29.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Wednesday, October 19th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.17. Morgan Stanley had a return on equity of 7.57% and a net margin of 14.44%. The company earned $8.91 billion during the quarter, compared to the consensus estimate of $8.17 billion. During the same period last year, the company earned $0.34 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year. Analysts anticipate that Morgan Stanley will post $2.71 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.95%. The ex-dividend date was Thursday, October 27th. Morgan Stanley’s payout ratio is 32.00%.

In related news, major shareholder Stanley Morgan sold 357 shares of the business’s stock in a transaction dated Tuesday, September 27th. The stock was sold at an average price of $23,750.00, for a total transaction of $8,478,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul C. Wirth sold 18,929 shares of the business’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $31.70, for a total value of $600,049.30. Following the transaction, the chief financial officer now owns 195,748 shares of the company’s stock, valued at $6,205,211.60. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

A number of institutional investors have recently bought and sold shares of MS. Vanguard Group Inc. boosted its position in Morgan Stanley by 1.5% in the second quarter. Vanguard Group Inc. now owns 86,662,981 shares of the financial services provider’s stock valued at $2,251,503,000 after buying an additional 1,303,627 shares during the last quarter. ValueAct Holdings L.P. boosted its position in Morgan Stanley by 10.3% in the third quarter. ValueAct Holdings L.P. now owns 41,900,000 shares of the financial services provider’s stock valued at $1,343,314,000 after buying an additional 3,900,000 shares during the last quarter. FMR LLC boosted its position in Morgan Stanley by 9.5% in the second quarter. FMR LLC now owns 25,261,255 shares of the financial services provider’s stock worth $656,286,000 after buying an additional 2,191,933 shares during the last quarter. BlackRock Fund Advisors boosted its position in Morgan Stanley by 3.2% in the third quarter. BlackRock Fund Advisors now owns 18,385,069 shares of the financial services provider’s stock worth $589,425,000 after buying an additional 570,992 shares during the last quarter. Finally, Pzena Investment Management LLC boosted its position in Morgan Stanley by 1.9% in the second quarter. Pzena Investment Management LLC now owns 12,892,657 shares of the financial services provider’s stock worth $334,951,000 after buying an additional 243,574 shares during the last quarter. Institutional investors and hedge funds own 83.90% of the company’s stock.

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