Morgan Stanley's (NYSE:MS) "Neutral" Rating Reiterated at Credit Suisse Group

Paterniano Del Favero
Agosto 12, 2017

Here are some other firms who have updated their holdings. FTB Advisors Inc. increased its position in Morgan Stanley by 8.1% in the first quarter. Vanguard Group Inc. now owns 92,226,969 shares of the financial services provider's stock worth $3,951,003,000 after buying an additional 4,331,723 shares during the last quarter. V Wealth Management LLC acquired a new position in shares of Morgan Stanley during the second quarter valued at $106,000. Westpac Banking Corp now owns 330,925 shares of the financial services provider's stock valued at $9,425,000 after buying an additional 73,424 shares during the last quarter. Berkshire Asset Management LLC PA now owns 5,663 shares of the financial services provider's stock worth $252,000 after buying an additional 359 shares in the last quarter.

General Motors Company was covered by a number of analysts recently, 5 rated the stock as Buy, 11 rated Outperform, 10 rated Hold, 0 gave an Underperform and 1 rated sell. The company's 5 year Earnings per share growth and Capital Spending growth remains at 18.13 and -0.43. The firm has a 50-day moving average price of $46.14 and a 200 day moving average price of $44.39.

Morgan Stanley (NYSE:MS) reached 60.43% versus a 1-year low price of $28.86. BMO Capital Markets raised the price target on Morgan Stanley from $58.00 to $61.00 and issued the company an "outperform" recommendation in a study on Thurs, Jul 20th. This represents an increase of approximately 381% compared to the average daily volume of 1,407 call options. RBC Capital Markets maintained Morgan Stanley (NYSE:MS) on Friday, July 7 with "Buy" rating. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11. The firm had revenue of $9.50 billion during the quarter, compared to analysts' expectations of $9.05 billion. Net profit margin of Morgan Stanley (MS) was recorded at 15.6 percent, operating profit margin was 24.3 percent, while gross profit margin stands at 79.7 percent. Similarly, the company's last 5 years high P/E ratio is 3336.82 and low P/E is 10.92, whereas, the industry's and sector's high P/E for the past year is 458.32 and 30.76 respectively and low P/E ratio for the last 5 years is 66.42 for the industry and 11.64 for the Sector. During the same period in the prior year, the business posted $0.75 earnings per share. Equities analysts forecast that Morgan Stanley will post $3.50 earnings per share for the current year.

Also, the company announced dividend for the quarter, expected to be paid on early Tue, Aug 15th.

K.J. Harrison & Partners purchased a fresh position in Morgan Stanley (NYSE:MS) through out the Fiscal Q2, Holdings Channel reports. The stock witnessed 2.98% gains, 8% gains and 3.23% gains for the 1-month, 3-month and 6-month period, respectively. The ex-dividend date of this dividend is Thurs, Jul 27th. This repurchase authorization permits the financial services provider to purchase up to 6.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued. Nexus Investment Management Inc. owns 944,075 shares or 2.24% of their USA portfolio.

Relative Strength Index (RSI) for Morgan Stanley (MS) is at 46.18. If you are reading this report on another domain, it was copied illegally and republished in violation of USA and worldwide copyright & trademark legislation. The original version of this news story can be read at

MS has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Morgan Stanley from a "sell" rating to a "hold" rating in a research note on Monday, July 24th. HSBC Holdings plc reiterated a "neutral" rating and set a $45.00 price target on shares of Morgan Stanley in a research report on Tuesday, April 25th. Buckingham Research restated a "buy" rating and issued a $54.00 price objective (up from $51.00) on shares of Morgan Stanley in a report on Monday, July 10th. Macquarie reaffirmed an "outperform" rating and issued a $52.00 price target (up previously from $51.00) on shares of Morgan Stanley in a research note on Saturday, July 22nd. The stock presently has a consensus rating of "Buy" and a consensus target price of $48.02.

In related news, Chairman James P. Gorman sold 212,366 shares of the stock in a transaction dated Tuesday, August 1st. Matrix Asset Advisors Inc sold 125,897 shares as the company's stock declined 9.43% while stock markets rallied. Following the transaction, the chairman now directly owns 1,602,609 shares in the company, valued at $75,739,301.34. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jonathan Pruzan sold 25,767 shares of the stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $46.68, for a total value of $1,202,803.56. Following the sale, the chief financial officer now directly owns 196,708 shares of the company's stock, valued at $9,182,329.44. The disclosure for this sale can be found here. The institutional investor held 271,501 shares of the investment bankers and brokers and service company at the end of 2016Q4, valued at $11.47M, down from 397,398 at the end of the previous reported quarter.

Tortoise MLP Fund, a non-diversified, closed-end management investment company. Edinburgh Limited has invested 0.01% of its portfolio in Morgan Stanley (NYSE:MS).

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