Today: Morgan Stanley’s (MS) Buy Rating Reaffirm at JPMorgan Chase & Co.

Today: Morgan Stanley’s (MS) Buy Rating Reaffirm at JPMorgan Chase & Co.

Morgan Stanley (NYSE:MS)‘s stock had its “buy” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Monday.

Several other equities analysts have also issued reports on the stock. Vetr lowered shares of Morgan Stanley from a “sell” rating to a “strong sell” rating and set a $26.38 price target for the company. in a report on Monday, August 15th. Argus boosted their price target on shares of Morgan Stanley from $32.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. Buckingham Research raised shares of Morgan Stanley from a “neutral” rating to a “buy” rating in a report on Thursday, August 25th. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Wednesday, October 5th. Finally, Macquarie reissued a “buy” rating and issued a $37.00 price target on shares of Morgan Stanley in a report on Wednesday, October 5th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $32.59.

Shares of Morgan Stanley (NYSE:MS) traded down 1.73% during mid-day trading on Monday, hitting $40.39. The company had a trading volume of 3,142,662 shares. Morgan Stanley has a one year low of $21.16 and a one year high of $41.20. The firm’s 50-day moving average price is $35.22 and its 200 day moving average price is $30.29. The company has a market capitalization of $75.64 billion, a P/E ratio of 16.23 and a beta of 1.87.

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

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

In other news, President Thomas Colm Kelleher sold 222,712 shares of the firm’s stock in a transaction on Thursday, October 20th. The shares were sold at an average price of $32.90, for a total transaction of $7,327,224.80. Following the completion of the transaction, the president now owns 863,334 shares of the company’s stock, valued at $28,403,688.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul C. Wirth sold 18,929 shares of the firm’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $31.70, for a total transaction of $600,049.30. Following the transaction, the chief financial officer now directly owns 195,748 shares of the company’s stock, valued at approximately $6,205,211.60. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in MS. Gulf International Bank UK Ltd increased its position in Morgan Stanley by 0.8% in the second quarter. Gulf International Bank UK Ltd now owns 436,523 shares of the financial services provider’s stock valued at $11,340,000 after buying an additional 3,500 shares during the last quarter. LGT Capital Partners LTD. increased its position in shares of Morgan Stanley by 33.2% in the second quarter. LGT Capital Partners LTD. now owns 344,660 shares of the financial services provider’s stock worth $8,954,000 after buying an additional 85,900 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Morgan Stanley by 0.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 1,295,005 shares of the financial services provider’s stock worth $33,644,000 after buying an additional 4,709 shares in the last quarter. Exxonmobil Investment Management Inc. TX increased its position in shares of Morgan Stanley by 5.1% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 391,091 shares of the financial services provider’s stock worth $10,161,000 after buying an additional 19,137 shares in the last quarter. Finally, DNB Asset Management AS increased its position in shares of Morgan Stanley by 4.2% in the second quarter. DNB Asset Management AS now owns 129,054 shares of the financial services provider’s stock worth $3,353,000 after buying an additional 5,200 shares in the last quarter. 83.90% of the stock is owned by hedge funds and other institutional investors.

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