Morgan Stanley (MS) Rating Lowered to Hold at Societe Generale

Societe Generale lowered shares of Morgan Stanley (NYSE:MS) from a buy rating to a hold rating in a report published on Tuesday, MarketBeat Ratings reports.

Several other equities analysts have also weighed in on MS. Zacks Investment Research upgraded shares of Morgan Stanley from a hold rating to a buy rating and set a $49.00 price target for the company in a research report on Monday, September 11th. upgraded shares of Morgan Stanley from a hold rating to a buy rating and set a $53.00 price target for the company in a research report on Friday, September 15th. JPMorgan Chase & Co. set a $53.00 price target on shares of Morgan Stanley and gave the company a buy rating in a research report on Friday, September 15th. Berenberg Bank restated a hold rating and set a $40.00 price target on shares of Morgan Stanley in a research report on Thursday, September 21st. Finally, Compass Point restated a sell rating and set a $38.00 price target (up previously from $34.00) on shares of Morgan Stanley in a research report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Morgan Stanley has an average rating of Buy and an average price target of $53.11.

Morgan Stanley (MS) traded up $0.92 on Tuesday, reaching $55.12. 9,000,000 shares of the company traded hands, compared to its average volume of 7,970,000. The company has a market capitalization of $99,650.00, a price-to-earnings ratio of 15.23, a P/E/G ratio of 0.90 and a beta of 1.65. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.74 and a current ratio of 0.74. Morgan Stanley has a one year low of $40.06 and a one year high of $55.14.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.12. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.05 billion. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 earnings per share. equities analysts predict that Morgan Stanley will post 3.58 EPS for the current year.

In other news, Director Alistair Darling sold 3,850 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $49.29, for a total value of $189,766.50. Following the sale, the director now directly owns 14,218 shares of the company’s stock, valued at $700,805.22. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Thomas Colm Kelleher sold 40,000 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $50.59, for a total transaction of $2,023,600.00. Following the completion of the sale, the president now directly owns 692,037 shares in the company, valued at $35,010,151.83. The disclosure for this sale can be found here. Insiders have sold 85,247 shares of company stock valued at $4,284,364 in the last quarter. Company insiders own 0.35% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. DSAM Partners London Ltd purchased a new stake in shares of Morgan Stanley in the third quarter worth about $5,273,000. BB&T Corp raised its stake in Morgan Stanley by 9.7% in the third quarter. BB&T Corp now owns 171,122 shares of the financial services provider’s stock valued at $8,243,000 after purchasing an additional 15,162 shares in the last quarter. Stifel Financial Corp raised its stake in Morgan Stanley by 301.3% in the third quarter. Stifel Financial Corp now owns 577,918 shares of the financial services provider’s stock valued at $27,842,000 after purchasing an additional 433,920 shares in the last quarter. CAPROCK Group Inc. purchased a new stake in Morgan Stanley in the third quarter valued at approximately $220,000. Finally, Donaldson Capital Management LLC purchased a new stake in Morgan Stanley in the third quarter valued at approximately $1,343,000. 85.49% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Morgan Stanley (NYSE:MS)

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