The price of Morgan Stanley (NYSE:MS) shares last traded on Wall Street rose 0.69% to $84.49.
Based on available information, 28 analysts follow Morgan Stanley (NYSE:MS). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $112.00 and a low of $80.00, we find $102.00. Given the previous closing price of $83.91, this indicates a potential upside of 21.56 percent. MS stock price is now -2.48% away from the 50-day moving average and -4.21% away from the 200-day moving average. The market capitalization of the company currently stands at $141.52B.
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Among analysts, 11 rate the stock a hold while 15 rate it a buy. Brokers who have rated the stock have averaged $97.83 as their price target over the next twelve months.
With the price target maintained at $100, Citigroup recently Downgraded its rating from Buy to Neutral for Morgan Stanley (NYSE: MS). On January 10, 2023, Odeon Upgraded its previous ‘Sell’ rating to ‘Hold’ on the stock keeping its target price maintained at $88.75, while ‘Wolfe Research’ rates the stock as ‘Underperform’.
In other news, AKRAM RAJA, Deputy Chief Financial Officer sold 7,320 shares of the company’s stock on May 15. The stock was sold for $607,198 at an average price of $82.95. Upon completion of the transaction, the Deputy Chief Financial Officer now directly owns 96,484 shares in the company, valued at $8.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03, Director GLOCER THOMAS H sold 4,535 shares of the business’s stock. A total of $395,021 was realized by selling the stock at an average price of $87.11. This leaves the insider owning 98,110 shares of the company worth $8.29 million. Insiders disposed of 1,312,680 shares of company stock worth roughly $110.91 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MS stock. A new stake in Morgan Stanley shares was purchased by OFI INVEST ASSET MANAGEMENT during the first quarter worth $1,641,742,000. CANOE FINANCIAL LP invested $59,927,000 in shares of MS during the first quarter. In the first quarter, EISLER CAPITAL (UK) LTD. acquired a new stake in Morgan Stanley valued at approximately $47,546,000. VOLEON CAPITAL MANAGEMENT LP acquired a new stake in MS for approximately $42,245,000. ZURICH INSURANCE GROUP LTD/FI purchased a new stake in MS valued at around $35,264,000 in the second quarter. In total, there are 2,217 active investors with 63.80% ownership of the company’s stock.
A candlestick chart of Morgan Stanley (NYSE: MS) showed a price of $83.70 on Thursday morning. During the past 12 months, Morgan Stanley has had a low of $72.05 and a high of $100.99. The fifty day moving average price for MS is $86.41 and a two-hundred day moving average price translates $88.21 for the stock.
The latest earnings results from Morgan Stanley (NYSE: MS) was released for Mar, 2023. According to the Capital Markets Company, earnings per share came in at $1.7, beating analysts’ expectations of $1.62 by 0.08. This compares to $2.02 EPS in the same period last year. The net profit margin was 13.30% and return on equity was 10.60% for MS. The company reported revenue of $14.52 billion for the quarter, compared to $14.8 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.92 percent. For the current quarter, analysts expect MS to generate $13.89B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/15/2023. Investors who held shares on 05/01/2023 were paid a $0.775 dividend. On an annualized basis, this represents a $3.10 dividend and a 3.67% percent yield. There was an ex-dividend date of 04/28/2023 for this dividend. In terms of dividend payout ratio, MS is presently at 51.30%.
Morgan Stanley(MS) 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. It operates through Institutional Securities, Wealth Management, and Investment Management segments. The Institutional Securities segment offers capital raising and financial advisory services, including services related to the underwriting of debt, equity, and other securities, as well as advice on mergers and acquisitions, restructurings, real estate, and project finance. This segment also provides equity and fixed income products comprising sales, financing, prime brokerage, and market-making services; foreign exchange and commodities; corporate and commercial real estate loans, commercial mortgage and secured lending facilities, and financing for sales and trading customers, and asset-backed and mortgage lending; and wealth management services, investment, and research services. The Wealth Management segment offers financial advisor-led brokerage, custody, administrative, and investment advisory services; self-directed brokerage services; financial and wealth planning services; workplace services, including stock plan administration; annuity and insurance products; securities-based lending, residential real estate loans, and other lending products; banking; and retirement plan services to individual investors and small to medium-sized businesses and institutions. The Investment Management segment provides equity, fixed income, alternatives and solutions, and liquidity and overlay services to benefit/defined contribution plans, foundations, endowments, government entities, sovereign wealth funds, insurance companies, third-party fund sponsors, corporations, and individuals through institutional and intermediary channels. Morgan Stanley was founded in 1924 and is headquartered in New York, New York.
