Morgan Stanley (MS) Upgraded to Sell by Vetr Inc.
Morgan Stanley (NYSE:MS) was upgraded by research analysts at Vetr from a “strong sell” rating to a “sell” rating in a report released on Monday. The brokerage currently has a $30.77 price target on the financial services provider’s stock. Vetr‘s target price would indicate a potential downside of 3.21% from the company’s current price.
Other equities research analysts also recently issued research reports about the company. Deutsche Bank AG reaffirmed a “hold” rating on shares of Morgan Stanley in a research report on Sunday, June 26th. Barclays PLC reaffirmed a “hold” rating on shares of Morgan Stanley in a research report on Saturday, July 9th. Berenberg Bank began coverage on Morgan Stanley in a research report on Wednesday, July 13th. They set a “hold” rating and a $29.00 price objective on the stock. UBS AG raised their price objective on Morgan Stanley from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, July 21st. Finally, Royal Bank Of Canada set a $27.00 price objective on Morgan Stanley and gave the company a “buy” rating in a research report on Tuesday, June 28th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $32.59.
Morgan Stanley (NYSE:MS) traded down 0.87% during midday trading on Monday, hitting $31.79. 10,114,266 shares of the stock traded hands. Morgan Stanley has a 12 month low of $21.16 and a 12 month high of $35.74. The stock has a market cap of $60.78 billion, a PE ratio of 14.70 and a beta of 2.09. 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 issued its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.16. Morgan Stanley had a return on equity of 6.41% and a net margin of 13.27%. The company had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.30 billion. During the same quarter last year, the company earned $0.79 earnings per share. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. On average, equities research analysts anticipate that Morgan Stanley will post $2.50 earnings per share for the current year.
In other news, major shareholder Stanley Morgan sold 357 shares of Morgan Stanley stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of $23,750.00, for a total value of $8,478,750.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Donald T. Nicolaisen sold 3,302 shares of Morgan Stanley stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $27.88, for a total value of $92,059.76. Following the completion of the sale, the director now directly owns 91,704 shares in the company, valued at $2,556,707.52. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of MS. Credit Agricole S A raised its stake in shares of Morgan Stanley by 8.5% in the first quarter. Credit Agricole S A now owns 1,274,831 shares of the financial services provider’s stock worth $31,882,000 after buying an additional 99,509 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Morgan Stanley by 38.0% in the first quarter. Canada Pension Plan Investment Board now owns 1,513,302 shares of the financial services provider’s stock worth $37,848,000 after buying an additional 416,400 shares in the last quarter. 1832 Asset Management L.P. raised its stake in shares of Morgan Stanley by 52.4% in the first quarter. 1832 Asset Management L.P. now owns 2,927,400 shares of the financial services provider’s stock worth $123,511,000 after buying an additional 1,005,970 shares in the last quarter. BB&T Securities LLC raised its stake in shares of Morgan Stanley by 413.3% in the first quarter. BB&T Securities LLC now owns 191,378 shares of the financial services provider’s stock worth $4,786,000 after buying an additional 154,091 shares in the last quarter. Finally, Kiltearn Partners LLP raised its stake in shares of Morgan Stanley by 87.3% in the first quarter. Kiltearn Partners LLP now owns 4,917,061 shares of the financial services provider’s stock worth $122,976,000 after buying an additional 2,291,800 shares in the last quarter. 83.82% of the stock is currently owned by hedge funds and other institutional investors.
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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