Other research analysts have also issued research reports about the company. Citigroup upgraded Morgan Stanley from a neutral rating to a buy rating and dropped their target price for the company from $50.00 to $48.00 in a research report on Wednesday, January 9th. Credit Suisse Group restated a buy rating and set a $56.00 target price on shares of Morgan Stanley in a research report on Wednesday, February 20th. Barclays dropped their target price on Morgan Stanley from $63.00 to $55.00 and set an equal weight rating for the company in a research report on Wednesday, January 2nd. HSBC set a $48.00 target price on Morgan Stanley and gave the company a neutral rating in a research report on Thursday, April 4th. Finally, Oppenheimer boosted their target price on Morgan Stanley from $60.00 to $61.00 and gave the company an outperform rating in a research report on Tuesday, March 26th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. Morgan Stanley presently has an average rating of Hold and an average price target of $55.81.
MS opened at $48.26 on Wednesday. The stock has a market capitalization of $81.39 billion, a P/E ratio of 10.47, a P/E/G ratio of 1.13 and a beta of 1.19. Morgan Stanley has a 12 month low of $36.74 and a 12 month high of $55.64. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.60.
In other news, insider Jeffrey S. Brodsky sold 15,565 shares of Morgan Stanley stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of $43.38, for a total transaction of $675,209.70. Following the completion of the sale, the insider now owns 112,420 shares of the company’s stock, valued at $4,876,779.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul C. Wirth sold 25,000 shares of Morgan Stanley stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $42.40, for a total transaction of $1,060,000.00. Following the sale, the chief financial officer now directly owns 169,031 shares of the company’s stock, valued at approximately $7,166,914.40. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.
Several institutional investors have recently bought and sold shares of MS. Norges Bank bought a new position in Morgan Stanley in the fourth quarter worth approximately $676,319,000. Oregon Public Employees Retirement Fund grew its holdings in Morgan Stanley by 4,072.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,548,246 shares of the financial services provider’s stock worth $342,000 after purchasing an additional 13,223,517 shares during the last quarter. ValueAct Holdings L.P. grew its holdings in Morgan Stanley by 26.0% in the fourth quarter. ValueAct Holdings L.P. now owns 26,228,561 shares of the financial services provider’s stock worth $1,039,962,000 after purchasing an additional 5,418,091 shares during the last quarter. Prudential Financial Inc. grew its holdings in Morgan Stanley by 136.8% in the fourth quarter. Prudential Financial Inc. now owns 5,453,354 shares of the financial services provider’s stock worth $216,226,000 after purchasing an additional 3,150,224 shares during the last quarter. Finally, Pzena Investment Management LLC grew its holdings in Morgan Stanley by 14.4% in the fourth quarter. Pzena Investment Management LLC now owns 9,262,583 shares of the financial services provider’s stock worth $367,261,000 after purchasing an additional 1,163,498 shares during the last quarter. 86.10% of the stock is owned by hedge funds and other institutional investors.
Morgan Stanley Company Profile
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. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.
Read More: Why do companies issue convertible shares?
Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.