Morgan Stanley (NYSE:MS) was downgraded by research analysts at Sandler O’Neill from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday. They presently have a $33.00 target price on the financial services provider’s stock. Sandler O’Neill’s price target would suggest a potential upside of 2.14% from the stock’s previous close.
MS has been the subject of several other reports. Buckingham Research reissued a “buy” rating on shares of Morgan Stanley in a research note on Tuesday, June 21st. JPMorgan Chase & Co. reissued a “buy” rating and issued a $27.00 target price (down from $29.00) on shares of Morgan Stanley in a research note on Monday, June 27th. Deutsche Bank AG reaffirmed 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 Morgan Stanley and gave the stock a “buy” rating in a research note on Tuesday, June 28th. Finally, Bank of America Corp. reaffirmed 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 analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company. Morgan Stanley presently has a consensus rating of “Hold” and a consensus target price of $32.43.
Shares of Morgan Stanley (NYSE:MS) opened at 32.31 on Thursday. The company has a 50-day moving average price of $31.66 and a 200 day moving average price of $28.00. Morgan Stanley has a 52 week low of $21.16 and a 52 week high of $35.74. The stock has a market capitalization of $61.77 billion, a P/E ratio of 14.94 and a beta of 2.09.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.16. Morgan Stanley had a return on equity of 6.41% and a net margin of 13.27%. The firm earned $8.91 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same period last year, the firm posted $0.79 EPS. The business’s revenue was down 8.6% on a year-over-year basis. Analysts forecast that Morgan Stanley will post $2.50 earnings per share for the current fiscal year.
In related news, major shareholder Stanley Morgan sold 357 shares of the business’s 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey S. Brodsky sold 19,955 shares of the business’s stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $28.79, for a total value of $574,504.45. Following the completion of the sale, the insider now owns 123,710 shares of the company’s stock, valued at $3,561,610.90. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the stock. Virginia Retirement System bought a new stake in shares of Morgan Stanley during the first quarter valued at about $589,000. Nikko Asset Management Americas Inc. boosted its stake in shares of Morgan Stanley by 115.1% in the first quarter. Nikko Asset Management Americas Inc. now owns 20,000 shares of the financial services provider’s stock valued at $501,000 after buying an additional 10,700 shares during the period. NN Investment Partners Holdings N.V. bought a new stake in shares of Morgan Stanley during the first quarter valued at about $8,571,000. Bessemer Group Inc. boosted its stake in shares of Morgan Stanley by 2.6% in the first quarter. Bessemer Group Inc. now owns 2,929,152 shares of the financial services provider’s stock valued at $73,257,000 after buying an additional 73,422 shares during the period. Finally, Advisor Partners LLC boosted its stake in shares of Morgan Stanley by 1.5% in the first quarter. Advisor Partners LLC now owns 24,640 shares of the financial services provider’s stock valued at $616,000 after buying an additional 364 shares during the period. Institutional investors and hedge funds own 83.64% 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.
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