UBS Group reiterated their buy rating on shares of Morgan Stanley (NYSE:MS) in a research report released on Thursday morning, Borsen Zeitung reports. The firm currently has a $53.00 price objective on the financial services provider’s stock.

MS has been the topic of a number of other reports. Oppenheimer set a $65.00 target price on Morgan Stanley and gave the stock a buy rating in a research report on Friday, July 19th. BMO Capital Markets set a $69.00 target price on Morgan Stanley and gave the stock a buy rating in a research report on Friday, July 19th. Pritchard Capital raised Morgan Stanley to a buy rating and set a $48.00 target price on the stock in a research report on Thursday, October 10th. Sandler O’Neill raised Morgan Stanley from a hold rating to a buy rating and set a $48.00 target price on the stock in a research report on Thursday, October 10th. Finally, ValuEngine raised Morgan Stanley from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $54.62.

Shares of Morgan Stanley stock traded up $0.22 during trading on Thursday, hitting $43.66. The stock had a trading volume of 10,492,899 shares, compared to its average volume of 10,771,724. The business has a fifty day moving average of $42.44 and a two-hundred day moving average of $43.50. The firm has a market cap of $70.29 billion, a P/E ratio of 9.47, a PEG ratio of 1.17 and a beta of 1.35. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.77 and a quick ratio of 0.77. Morgan Stanley has a fifty-two week low of $36.74 and a fifty-two week high of $48.67.

Morgan Stanley (NYSE:MS) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. The company had revenue of $10.03 billion for the quarter, compared to analyst estimates of $9.63 billion. Morgan Stanley had a return on equity of 11.04% and a net margin of 16.06%. Morgan Stanley’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.17 earnings per share. As a group, research analysts forecast that Morgan Stanley will post 4.68 earnings per share for the current year.

In other Morgan Stanley news, major shareholder Ufj Financial Group Mitsubishi purchased 70,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average cost of $1.01 per share, with a total value of $70,700.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 420,000 shares of company stock worth $426,300 over the last three months. 0.23% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of MS. Invesco Ltd. increased its position in Morgan Stanley by 3.4% in the 2nd quarter. Invesco Ltd. now owns 21,671,991 shares of the financial services provider’s stock worth $949,451,000 after purchasing an additional 714,456 shares during the last quarter. Nuveen Asset Management LLC increased its position in Morgan Stanley by 1,929.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 16,566,955 shares of the financial services provider’s stock worth $725,798,000 after purchasing an additional 15,750,661 shares during the last quarter. Janus Henderson Group PLC increased its position in Morgan Stanley by 12.8% in the 2nd quarter. Janus Henderson Group PLC now owns 8,323,739 shares of the financial services provider’s stock worth $364,667,000 after purchasing an additional 944,786 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its position in Morgan Stanley by 18.5% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 7,278,764 shares of the financial services provider’s stock worth $1,032,162,000 after purchasing an additional 1,134,651 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Morgan Stanley by 1.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 6,156,854 shares of the financial services provider’s stock worth $269,732,000 after purchasing an additional 113,460 shares during the last quarter. 83.66% of the stock is currently 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.

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Analyst Recommendations for Morgan Stanley (NYSE:MS)

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