Fintel reports that on October 19, 2023, BMO Capital maintained coverage of Morgan Stanley (NYSE:MS) with a Outperform recommendation.
Analyst Price Forecast Suggests 31.88% Upside
As of October 5, 2023, the average one-year price target for Morgan Stanley is 98.75. The forecasts range from a low of 80.80 to a high of $117.60. The average price target represents an increase of 31.88% from its latest reported closing price of 74.88.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Morgan Stanley is 57,800MM, an increase of 8.66%. The projected annual non-GAAP EPS is 7.69.
What is the Fund Sentiment?
There are 2880 funds or institutions reporting positions in Morgan Stanley. This is a decrease of 69 owner(s) or 2.34% in the last quarter. Average portfolio weight of all funds dedicated to MS is 0.42%, a decrease of 8.95%. Total shares owned by institutions decreased in the last three months by 3.42% to 1,580,293K shares. 
The put/call ratio of MS is 1.13, indicating a bearish outlook.
What are Other Shareholders Doing?
Mitsubishi Ufj Financial Group holds 377,085K shares representing 21.59% ownership of the company. No change in the last quarter.
Jpmorgan Chase holds 49,811K shares representing 2.85% ownership of the company. In it's prior filing, the firm reported owning 48,285K shares, representing an increase of 3.06%. The firm decreased its portfolio allocation in MS by 10.50% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 39,040K shares representing 2.24% ownership of the company. In it's prior filing, the firm reported owning 39,248K shares, representing a decrease of 0.53%. The firm decreased its portfolio allocation in MS by 10.73% over the last quarter.
Wellington Management Group Llp holds 36,263K shares representing 2.08% ownership of the company. In it's prior filing, the firm reported owning 46,907K shares, representing a decrease of 29.35%. The firm increased its portfolio allocation in MS by 409.65% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 31,019K shares representing 1.78% ownership of the company. In it's prior filing, the firm reported owning 30,488K shares, representing an increase of 1.71%. The firm decreased its portfolio allocation in MS by 10.37% over the last quarter.
Morgan Stanley Background Information
(This description is provided by the company.)
Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals.
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This story originally appeared on Fintel.
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