Morgan Stanley (NYSE:MS) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Saturday.
A number of other research analysts have also weighed in on MS. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Tuesday, November 20th. Credit Suisse Group reduced their price target on Morgan Stanley from $62.00 to $58.00 and set an “outperform” rating on the stock in a research note on Friday, December 7th. Keefe, Bruyette & Woods lowered Morgan Stanley from an “outperform” rating to a “hold” rating and set a $45.00 price target on the stock. in a research note on Tuesday, December 11th. Wells Fargo & Co upgraded Morgan Stanley to a “buy ms” rating in a report on Thursday, December 20th. Finally, Barclays dropped their price objective on Morgan Stanley from $63.00 to $55.00 and set an “equal weight” rating for the company in a report on Wednesday, January 2nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. Morgan Stanley currently has a consensus rating of “Hold” and a consensus target price of $56.25.
Shares of Morgan Stanley stock opened at $41.79 on Friday. Morgan Stanley has a fifty-two week low of $36.74 and a fifty-two week high of $59.38. The firm has a market cap of $72.18 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 0.74 and a beta of 1.20. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.80 and a current ratio of 0.80.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Thursday, January 17th. The financial services provider reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.17). Morgan Stanley had a return on equity of 12.08% and a net margin of 17.43%. The business had revenue of $8.55 billion for the quarter, compared to analysts’ expectations of $9.32 billion. During the same period in the prior year, the company earned $0.84 EPS. The company’s revenue for the quarter was down 10.0% compared to the same quarter last year. Analysts expect that Morgan Stanley will post 4.99 earnings per share for the current fiscal year.
In other news, insider Jeffrey S. Brodsky sold 15,565 shares of the company’s stock in a transaction on Friday, January 18th. The stock was sold at an average price of $43.38, for a total transaction of $675,209.70. Following the completion of the sale, the insider now directly owns 112,420 shares in the company, valued at approximately $4,876,779.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.19% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. ValueAct Holdings L.P. increased its holdings in Morgan Stanley by 26.0% in the 4th quarter. ValueAct Holdings L.P. now owns 26,228,561 shares of the financial services provider’s stock valued at $1,039,962,000 after purchasing an additional 5,418,091 shares in the last quarter. Geode Capital Management LLC increased its stake in Morgan Stanley by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 16,970,026 shares of the financial services provider’s stock valued at $671,686,000 after purchasing an additional 956,583 shares in the last quarter. Northern Trust Corp increased its stake in Morgan Stanley by 3.2% in the fourth quarter. Northern Trust Corp now owns 15,267,378 shares of the financial services provider’s stock valued at $605,353,000 after purchasing an additional 476,018 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Morgan Stanley by 4,072.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,548,246 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 13,223,517 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Morgan Stanley by 9.3% in the fourth quarter. Bank of New York Mellon Corp now owns 12,572,416 shares of the financial services provider’s stock valued at $498,496,000 after purchasing an additional 1,070,385 shares in the last quarter. Hedge funds and other institutional investors own 84.15% of the company’s stock.
About Morgan Stanley
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates Institutional Securities, Wealth Management, and Investment Management segments.
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