Morgan Stanley (NYSE:MS) Price Target Raised to $98.00 at Barclays

Morgan Stanley (NYSE:MS) had its price target lifted by Barclays from $95.00 to $98.00 in a report issued on Wednesday, The Fly reports. The firm currently has an overweight rating on the financial services provider’s stock.

MS has been the topic of several other reports. BMO Capital Markets lifted their price objective on Morgan Stanley from $78.00 to $81.00 and gave the stock an outperform rating in a report on Wednesday, January 20th. DA Davidson boosted their price target on Morgan Stanley from $80.00 to $90.00 and gave the stock a buy rating in a research report on Thursday, January 21st. Piper Sandler increased their price objective on Morgan Stanley from $54.00 to $76.00 and gave the company a neutral rating in a research note on Monday, January 11th. UBS Group upped their target price on shares of Morgan Stanley from $84.00 to $92.00 and gave the stock a buy rating in a report on Thursday, April 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Morgan Stanley from $68.00 to $79.00 and gave the stock a hold rating in a research report on Thursday, April 1st. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Morgan Stanley has a consensus rating of Buy and a consensus target price of $69.38.

Morgan Stanley stock opened at $79.04 on Wednesday. Morgan Stanley has a 12 month low of $35.53 and a 12 month high of $86.64. The stock has a market capitalization of $143.21 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 2.17 and a beta of 1.59. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.76 and a quick ratio of 0.76. The business has a 50 day simple moving average of $79.86 and a 200-day simple moving average of $66.12.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Tuesday, January 19th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.63. The business had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $11.53 billion. Morgan Stanley had a net margin of 19.16% and a return on equity of 12.33%. The company’s revenue was up 25.6% compared to the same quarter last year. During the same period last year, the firm posted $1.20 earnings per share. On average, equities research analysts anticipate that Morgan Stanley will post 5.93 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 12th. Shareholders of record on Friday, January 29th were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, January 28th. This represents a $1.40 annualized dividend and a yield of 1.77%. Morgan Stanley’s dividend payout ratio (DPR) is 28.11%.

In other Morgan Stanley news, CEO James P. Gorman sold 175,000 shares of the stock in a transaction dated Friday, January 22nd. The shares were sold at an average price of $73.12, for a total transaction of $12,796,000.00. Following the completion of the transaction, the chief executive officer now owns 1,249,000 shares of the company’s stock, valued at $91,326,880. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffrey S. Brodsky sold 18,500 shares of Morgan Stanley stock in a transaction dated Thursday, January 21st. The shares were sold at an average price of $74.57, for a total transaction of $1,379,545.00. Following the sale, the insider now owns 174,603 shares of the company’s stock, valued at $13,020,145.71. The disclosure for this sale can be found here. Insiders sold 212,380 shares of company stock worth $15,582,671 in the last 90 days. Company insiders own 0.26% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Morgan Stanley during the fourth quarter worth $1,296,799,000. FMR LLC lifted its stake in Morgan Stanley by 104.8% during the 4th quarter. FMR LLC now owns 35,972,769 shares of the financial services provider’s stock worth $2,465,213,000 after acquiring an additional 18,409,146 shares in the last quarter. Primecap Management Co. CA purchased a new position in Morgan Stanley during the 4th quarter valued at about $827,361,000. Price T Rowe Associates Inc. MD boosted its holdings in Morgan Stanley by 12.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 98,409,202 shares of the financial services provider’s stock valued at $6,740,591,000 after acquiring an additional 10,552,671 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Morgan Stanley by 26.7% during the fourth quarter. Janus Henderson Group PLC now owns 12,476,174 shares of the financial services provider’s stock worth $854,988,000 after purchasing an additional 2,631,219 shares during the period. 76.79% of the stock is currently owned by institutional investors.

About Morgan Stanley

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.

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