Morgan Stanley (MS) was Initiated by Berenberg to “Hold” and the brokerage firm has set the Price Target at $29. Berenberg advised their investors in a research report released on Jul 13, 2016.
Many Wall Street Analysts have commented on Morgan Stanley. Shares were Reiterated by UBS on Apr 19, 2016 to “Buy” and Lowered the Price Target to $ 32 from a previous price target of $34 .
On the company’s financial health, Morgan Stanley reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 18, 2016. Analyst had a consensus of $0.47. The company had revenue of $7792.00 million for the quarter, compared to analysts expectations of $7632.91 million. The company’s revenue was down -21.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.85 EPS.
Morgan Stanley opened for trading at $26.69 and hit $26.92 on the upside on Monday, eventually ending the session at $26.46, with a gain of 0.34% or 0.09 points. The heightened volatility saw the trading volume jump to 1,32,12,971 shares. Company has a market cap of $51,254 M.
In a different news, on May 26, 2016, Eric F Grossman (Chief Legal Officer) sold 24,952 shares at $28.21 per share price. According to the SEC, on Aug 4, 2015, James A Rosenthal (Chief Operating Officer) sold 12,000 shares at $39.25 per share price. On May 27, 2015, Donald T Nicolaisen (director) sold 4,160 shares at $37.77 per share price, according to the Form-4 filing with the securities and exchange commission.
Morgan Stanley is a financial holding company. Through its subsidiaries and affiliates the Company provides a variety of products and financial services to a group of clients and customers including corporations governments financial institutions and individuals. The Company’s operating segments include Institutional Securities Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides financial advisory and capital-raising services to a group of corporate and other institutional clients. Wealth Management business segment provides financial services to clients through a network of 16076 global representatives in 622 locations. Investment Management business segment consists of Traditional Asset Management Alternative Investments Merchant Banking and Real Estate Investing activities and offers clients an array of equity fixed income alternative investments real estate and merchant banking strategies.