Morgan Stanley (MS) Raised to “Sell” at Vetr Inc.
Morgan Stanley (NYSE:MS) was upgraded by stock analysts at Vetr from a “strong sell” rating to a “sell” rating in a note issued to investors on Monday. The brokerage presently has a $30.77 price objective on the financial services provider’s stock. Vetr‘s price objective would indicate a potential downside of 3.21% from the company’s current price.
Several other equities research analysts also recently commented on MS. Buckingham Research reiterated a “buy” rating on shares of Morgan Stanley in a research note on Tuesday, June 21st. JPMorgan Chase & Co. reiterated a “buy” rating and set a $27.00 price objective (down from $29.00) on shares of Morgan Stanley in a research note on Monday, June 27th. Deutsche Bank AG reiterated a “hold” rating on shares of Morgan Stanley in a research note on Sunday, June 26th. Royal Bank Of Canada set a $27.00 price objective on shares of Morgan Stanley and gave the stock a “buy” rating in a research note on Tuesday, June 28th. Finally, Bank of America Corp. reiterated a “buy” rating and set a $27.00 price objective (down from $32.00) on shares of Morgan Stanley in a research note on Wednesday, June 29th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $32.59.
Shares of Morgan Stanley (NYSE:MS) traded down 0.87% on Monday, reaching $31.79. 10,114,266 shares of the company traded hands. The stock has a market capitalization of $60.78 billion, a price-to-earnings ratio of 14.70 and a beta of 2.09. Morgan Stanley has a 1-year low of $21.16 and a 1-year high of $35.74. The company has a 50-day moving average of $31.87 and a 200-day moving average of $28.32.
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Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.16. Morgan Stanley had a net margin of 13.27% and a return on equity of 6.41%. The business earned $8.91 billion during the quarter, compared to the consensus estimate of $8.30 billion. During the same period in the previous year, the firm posted $0.79 earnings per share. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year. Analysts anticipate that Morgan Stanley will post $2.50 earnings per share for the current fiscal year.
In other news, CFO Paul C. Wirth sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $30.20, for a total value of $604,000.00. Following the transaction, the chief financial officer now directly owns 214,280 shares in the company, valued at approximately $6,471,256. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey S. Brodsky sold 19,955 shares of the company’s stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $28.79, for a total transaction of $574,504.45. Following the completion of the transaction, the insider now owns 123,710 shares in the company, valued at $3,561,610.90. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of MS. ValueAct Holdings L.P. acquired a new stake in shares of Morgan Stanley during the second quarter valued at $987,240,000. State Street Corp increased its stake in shares of Morgan Stanley by 15.3% in the first quarter. State Street Corp now owns 158,338,614 shares of the financial services provider’s stock worth $3,960,055,000 after buying an additional 20,974,063 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Morgan Stanley by 17.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 129,917,922 shares of the financial services provider’s stock worth $4,132,689,000 after buying an additional 19,370,044 shares in the last quarter. Norges Bank purchased a new stake in shares of Morgan Stanley during the fourth quarter worth approximately $309,742,000. Finally, Franklin Resources Inc. increased its stake in shares of Morgan Stanley by 37.0% in the first quarter. Franklin Resources Inc. now owns 27,280,507 shares of the financial services provider’s stock worth $682,293,000 after buying an additional 7,374,633 shares in the last quarter. Hedge funds and other institutional investors own 83.82% of the company’s stock.
About Morgan Stanley
Morgan Stanley is a financial holding company. The Company is a global financial services firm that, through its subsidiaries and affiliates, advises, and originates, trades, manages and distributes capital for, governments, institutions and individuals. Its segments include Institutional Securities, Wealth Management and Investment Management.
To view Vetr’s full report, visit Vetr’s official website.
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