Morgan Stanley (NYSE:MS) was upgraded by research analysts at Vetr from a “sell” rating to a “hold” rating in a note issued to investors on Monday. The brokerage currently has a $43.48 price objective on the financial services provider’s stock. Vetr‘s target price would suggest a potential downside of 2.49% from the company’s current price.
Several other equities analysts have also issued reports on the company. Citigroup Inc set a $42.00 target price on Morgan Stanley and gave the company a “neutral” rating in a research note on Tuesday, January 10th. Instinet reiterated a “buy” rating and issued a $49.00 target price on shares of Morgan Stanley in a research note on Monday, January 30th. Societe Generale upgraded Morgan Stanley from a “sell” rating to a “buy” rating in a research note on Wednesday, January 11th. Barclays PLC lifted their target price on Morgan Stanley from $35.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 3rd. Finally, Atlantic Securities upgraded Morgan Stanley from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $27.00 to $44.00 in a research note on Wednesday, December 21st. Fourteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $39.59.
Morgan Stanley (NYSE:MS) traded down 0.96% during midday trading on Monday, hitting $44.59. 9,734,236 shares of the stock traded hands. The stock has a market cap of $83.21 billion, a PE ratio of 15.27 and a beta of 1.80. The company has a 50-day moving average of $45.44 and a 200-day moving average of $39.39. Morgan Stanley has a 12 month low of $23.11 and a 12 month high of $47.33.
Morgan Stanley (NYSE:MS) last posted its earnings results on Tuesday, January 17th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.16. Morgan Stanley had a return on equity of 8.48% and a net margin of 15.76%. The company had revenue of $9 billion for the quarter, compared to analyst estimates of $8.51 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities research analysts anticipate that Morgan Stanley will post $3.39 earnings per share for the current year.
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In other Morgan Stanley news, CFO Paul C. Wirth sold 12,481 shares of the business’s stock in a transaction that occurred on Tuesday, February 14th. The stock was 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 directly owns 203,557 shares of the company’s stock, valued at $9,371,764.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas Colm Kelleher sold 182,027 shares of the business’s stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $43.82, for a total value of $7,976,423.14. Following the completion of the transaction, the president now directly owns 836,809 shares of the company’s stock, valued at $36,668,970.38. The disclosure for this sale can be found here. Insiders have sold 506,897 shares of company stock valued at $21,781,793 in the last ninety days. Corporate insiders own 0.35% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. increased its position in shares of Morgan Stanley by 13.8% in the second quarter. Macquarie Group Ltd. now owns 527,900 shares of the financial services provider’s stock worth $13,715,000 after buying an additional 64,200 shares during the last quarter. LGT Capital Partners LTD. increased its position in shares of Morgan Stanley by 6.3% in the third quarter. LGT Capital Partners LTD. now owns 366,460 shares of the financial services provider’s stock worth $11,749,000 after buying an additional 21,800 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Morgan Stanley by 26.6% in the third quarter. Oregon Public Employees Retirement Fund now owns 317,512 shares of the financial services provider’s stock worth $10,179,000 after buying an additional 66,715 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Morgan Stanley by 656.9% in the third quarter. Fisher Asset Management LLC now owns 2,350,035 shares of the financial services provider’s stock worth $75,342,000 after buying an additional 2,039,560 shares during the last quarter. Finally, Creative Planning increased its position in shares of Morgan Stanley by 24.9% in the third quarter. Creative Planning now owns 85,708 shares of the financial services provider’s stock worth $2,748,000 after buying an additional 17,103 shares during the last quarter. 85.87% of the stock is owned by institutional investors.
About Morgan Stanley
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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