Societe Generale Upgrades Morgan Stanley (MS) to “Buy”
Morgan Stanley (NYSE:MS) was upgraded by investment analysts at Societe Generale from a “sell” rating to a “buy” rating in a report issued on Wednesday.
A number of other brokerages have also recently issued reports on MS. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Friday, October 21st. Citigroup Inc. upped their price objective on Morgan Stanley from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, October 10th. Sandler O’Neill downgraded Morgan Stanley from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a research note on Thursday, October 6th. HSBC started coverage on Morgan Stanley in a research note on Monday, December 5th. They set a “hold” rating and a $42.00 price objective for the company. Finally, Barclays PLC upped their price objective on Morgan Stanley from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, October 20th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seventeen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $36.37.
Shares of Morgan Stanley (NYSE:MS) opened at 44.46 on Wednesday. Morgan Stanley has a 1-year low of $21.16 and a 1-year high of $44.60. The firm has a 50-day moving average price of $42.69 and a 200-day moving average price of $34.08. The stock has a market capitalization of $83.27 billion, a PE ratio of 17.87 and a beta of 1.90.
Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, October 19th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.17. The firm earned $8.91 billion during the quarter, compared to analysts’ expectations of $8.17 billion. Morgan Stanley had a return on equity of 7.57% and a net margin of 14.44%. The business’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. On average, equities research analysts forecast that Morgan Stanley will post $2.76 earnings per share for the current year.
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In other news, President Thomas Colm Kelleher sold 222,712 shares of the firm’s stock in a transaction on Thursday, October 20th. The stock was sold at an average price of $32.90, for a total transaction of $7,327,224.80. Following the sale, the president now owns 863,334 shares in the company, valued at $28,403,688.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel A. Simkowitz sold 60,119 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $37.56, for a total value of $2,258,069.64. Following the sale, the insider now owns 262,784 shares in the company, valued at approximately $9,870,167.04. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its stake in Morgan Stanley by 6.4% in the third quarter. Parkside Financial Bank & Trust now owns 3,437 shares of the financial services provider’s stock valued at $110,000 after buying an additional 207 shares during the period. Salem Investment Counselors Inc. acquired a new stake in Morgan Stanley during the third quarter valued at about $110,000. MCF Advisors LLC boosted its stake in Morgan Stanley by 0.6% in the third quarter. MCF Advisors LLC now owns 4,176 shares of the financial services provider’s stock valued at $134,000 after buying an additional 26 shares during the period. First Manhattan Co. boosted its stake in Morgan Stanley by 2.4% in the third quarter. First Manhattan Co. now owns 4,294 shares of the financial services provider’s stock valued at $137,000 after buying an additional 100 shares during the period. Finally, Trust Co. of Vermont boosted its stake in Morgan Stanley by 24.6% in the third quarter. Trust Co. of Vermont now owns 4,597 shares of the financial services provider’s stock valued at $147,000 after buying an additional 907 shares during the period. Institutional investors and hedge funds own 83.80% 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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