Morgan Stanley (MS) Upgraded to Hold at Vetr Inc.
Morgan Stanley (NYSE:MS) was upgraded by research analysts at Vetr from a “sell” rating to a “hold” rating in a research note issued to investors on Monday. The firm presently has a $43.48 price objective on the financial services provider’s stock. Vetr‘s price objective suggests a potential downside of 2.49% from the stock’s previous close.
Other equities research analysts also recently issued reports about the company. Stifel Nicolaus reaffirmed a “buy” rating on shares of Morgan Stanley in a research report on Thursday, January 12th. Societe Generale raised Morgan Stanley from a “sell” rating to a “buy” rating in a research report on Wednesday, January 11th. BMO Capital Markets reissued a “buy” rating on shares of Morgan Stanley in a research report on Tuesday, November 29th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Morgan Stanley in a research report on Monday, November 28th. Finally, Guggenheim reissued a “buy” rating on shares of Morgan Stanley in a research report on Sunday, December 4th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Morgan Stanley currently has an average rating of “Buy” and a consensus price target of $39.59.
Shares of Morgan Stanley (NYSE:MS) traded down 0.96% during trading on Monday, reaching $44.59. The company had a trading volume of 9,734,236 shares. Morgan Stanley has a 12-month low of $23.11 and a 12-month high of $47.33. The firm has a 50-day moving average of $45.44 and a 200-day moving average of $39.39. The company has a market cap of $83.21 billion, a P/E ratio of 15.27 and a beta of 1.80.
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Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Tuesday, January 17th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.16. The company had revenue of $9 billion for the quarter, compared to the consensus estimate of $8.51 billion. Morgan Stanley had a return on equity of 8.48% and a net margin of 15.76%. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. On average, equities research analysts anticipate that Morgan Stanley will post $3.39 EPS for the current year.
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In other news, CFO Paul C. Wirth sold 12,481 shares of Morgan Stanley stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $46.04, for a total value of $574,625.24. Following the completion of the transaction, the chief financial officer now owns 203,557 shares in the company, valued at $9,371,764.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas Colm Kelleher sold 182,027 shares of Morgan Stanley stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $43.82, for a total transaction of $7,976,423.14. Following the completion of the transaction, the president now owns 836,809 shares of the company’s stock, valued at approximately $36,668,970.38. The disclosure for this sale can be found here. Insiders sold 506,897 shares of company stock valued at $21,781,793 in the last quarter. 0.35% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Capital Investment Advisors LLC bought a new stake in shares of Morgan Stanley during the third quarter worth $235,000. BLB&B Advisors LLC bought a new stake in shares of Morgan Stanley during the third quarter worth $207,000. Advisor Consultant Network Inc. bought a new stake in shares of Morgan Stanley during the third quarter worth $798,000. National Pension Service raised its stake in shares of Morgan Stanley by 8.6% in the third quarter. National Pension Service now owns 1,006,414 shares of the financial services provider’s stock worth $32,266,000 after buying an additional 79,668 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in shares of Morgan Stanley by 0.4% in the third quarter. Gulf International Bank UK Ltd now owns 438,323 shares of the financial services provider’s stock worth $14,052,000 after buying an additional 1,800 shares in the last quarter. 85.87% of the stock is owned by institutional investors and hedge funds.
Morgan Stanley Company Profile
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
To view Vetr’s full report, visit Vetr’s official website.
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