Vining Sparks Reiterates “Buy” Rating for Morgan Stanley (MS)

Morgan Stanley (NYSE:MS)‘s stock had its “buy” rating reaffirmed by analysts at Vining Sparks in a research note issued to investors on Monday, January 8th. They presently have a $60.00 target price on the financial services provider’s stock. Vining Sparks’ target price points to a potential upside of 9.03% from the company’s previous close.

A number of other brokerages have also commented on MS. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Monday, December 11th. Barclays lifted their price objective on shares of Morgan Stanley from $52.00 to $62.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Buckingham Research lifted their price objective on shares of Morgan Stanley from $54.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Keefe, Bruyette & Woods raised shares of Morgan Stanley from a “market perform” rating to an “outperform” rating and set a $59.00 price objective on the stock in a report on Tuesday, December 12th. Finally, Credit Suisse Group raised shares of Morgan Stanley to a “buy” rating and set a $58.00 price objective on the stock in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Morgan Stanley currently has a consensus rating of “Buy” and a consensus price target of $53.07.

Shares of Morgan Stanley (NYSE:MS) traded up $0.43 during trading hours on Monday, hitting $55.03. 5,923,083 shares of the company were exchanged, compared to its average volume of 8,156,320. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.68. Morgan Stanley has a 1 year low of $40.06 and a 1 year high of $55.98. The company has a market cap of $98,890.00, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 0.91 and a beta of 1.65.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.12. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.05 billion. During the same period in the prior year, the company posted $0.80 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. equities research analysts predict that Morgan Stanley will post 3.58 earnings per share for the current fiscal year.

In other Morgan Stanley news, President Thomas Colm Kelleher sold 40,000 shares of Morgan Stanley stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $50.59, for a total value of $2,023,600.00. Following the completion of the transaction, the president now owns 692,037 shares of the company’s stock, valued at $35,010,151.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Keishi Hotsuki sold 25,000 shares of Morgan Stanley stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $50.00, for a total transaction of $1,250,000.00. The disclosure for this sale can be found here. Insiders have sold 68,850 shares of company stock valued at $3,463,367 over the last 90 days. 0.24% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. DSAM Partners London Ltd purchased a new stake in shares of Morgan Stanley during the third quarter worth about $5,273,000. BB&T Corp boosted its position in Morgan Stanley by 9.7% during the third quarter. BB&T Corp now owns 171,122 shares of the financial services provider’s stock worth $8,243,000 after acquiring an additional 15,162 shares during the last quarter. Stifel Financial Corp boosted its position in Morgan Stanley by 301.3% during the third quarter. Stifel Financial Corp now owns 577,918 shares of the financial services provider’s stock worth $27,842,000 after acquiring an additional 433,920 shares during the last quarter. CAPROCK Group Inc. acquired a new position in Morgan Stanley during the third quarter worth about $220,000. Finally, Donaldson Capital Management LLC acquired a new position in Morgan Stanley during the third quarter worth about $1,343,000. 85.49% of the stock is owned by institutional investors and hedge funds.

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Morgan Stanley Company Profile

Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.

Analyst Recommendations for Morgan Stanley (NYSE:MS)

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