Morgan Stanley (NYSE:MS) PT Raised to $118.00 at BMO Capital Markets

Morgan Stanley (NYSE:MSFree Report) had its price target boosted by BMO Capital Markets from $115.00 to $118.00 in a research note published on Thursday, Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.

MS has been the subject of a number of other research reports. HSBC upped their price objective on Morgan Stanley from $96.00 to $100.00 and gave the stock a hold rating in a research note on Thursday, March 28th. TheStreet raised Morgan Stanley from a c+ rating to a b rating in a research note on Wednesday, March 6th. Keefe, Bruyette & Woods increased their price target on Morgan Stanley from $94.00 to $98.00 and gave the company a market perform rating in a research note on Wednesday, April 17th. UBS Group increased their price target on Morgan Stanley from $80.00 to $95.00 and gave the company a neutral rating in a research note on Tuesday, January 9th. Finally, Evercore ISI increased their price target on Morgan Stanley from $97.00 to $102.00 and gave the company an outperform rating in a research note on Thursday, April 4th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $98.07.

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Morgan Stanley Stock Performance

Shares of MS opened at $90.66 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.89. The business has a 50-day simple moving average of $88.92 and a two-hundred day simple moving average of $85.01. The stock has a market cap of $147.47 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 1.72 and a beta of 1.43. Morgan Stanley has a 52 week low of $69.42 and a 52 week high of $95.57.

Morgan Stanley (NYSE:MSGet Free Report) last issued its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.33. The business had revenue of $15.14 billion during the quarter, compared to analysts’ expectations of $14.42 billion. Morgan Stanley had a return on equity of 10.87% and a net margin of 9.57%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.70 earnings per share. On average, analysts expect that Morgan Stanley will post 6.77 EPS for the current year.

Morgan Stanley Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $3.40 annualized dividend and a yield of 3.75%. Morgan Stanley’s payout ratio is currently 61.93%.

Insiders Place Their Bets

In other Morgan Stanley news, insider Andrew M. Saperstein sold 10,000 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $87.92, for a total transaction of $879,200.00. Following the transaction, the insider now directly owns 313,490 shares in the company, valued at approximately $27,562,040.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Andrew M. Saperstein sold 26,655 shares of Morgan Stanley stock in a transaction on Monday, February 12th. The stock was sold at an average price of $87.19, for a total value of $2,324,049.45. Following the transaction, the insider now directly owns 286,835 shares in the company, valued at approximately $25,009,143.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew M. Saperstein sold 10,000 shares of Morgan Stanley stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $87.92, for a total value of $879,200.00. Following the completion of the transaction, the insider now owns 313,490 shares in the company, valued at $27,562,040.80. The disclosure for this sale can be found here. Insiders have sold 302,355 shares of company stock worth $26,753,102 in the last ninety days. 0.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP increased its holdings in shares of Morgan Stanley by 17.2% in the 4th quarter. Wellington Management Group LLP now owns 38,451,051 shares of the financial services provider’s stock valued at $3,585,561,000 after acquiring an additional 5,631,435 shares during the period. Capital International Investors increased its holdings in shares of Morgan Stanley by 8.2% in the 4th quarter. Capital International Investors now owns 24,499,542 shares of the financial services provider’s stock valued at $2,284,674,000 after acquiring an additional 1,865,645 shares during the period. FMR LLC increased its holdings in shares of Morgan Stanley by 21.2% in the 3rd quarter. FMR LLC now owns 23,474,452 shares of the financial services provider’s stock valued at $1,917,159,000 after acquiring an additional 4,098,577 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Morgan Stanley by 2.6% in the 4th quarter. Fisher Asset Management LLC now owns 20,250,725 shares of the financial services provider’s stock valued at $1,888,380,000 after acquiring an additional 517,446 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Morgan Stanley by 2.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 20,197,232 shares of the financial services provider’s stock worth $1,883,392,000 after purchasing an additional 575,114 shares in the last quarter. 84.19% of the stock is currently owned by hedge funds and other institutional investors.

Morgan Stanley Company Profile

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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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.

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