Morgan Stanley (MS) Rating Lowered to Sell at Vetr Inc.
Vetr cut shares of Morgan Stanley (NYSE:MS) from a hold rating to a sell rating in a report published on Wednesday, April 19th. The firm currently has $40.50 price target on the financial services provider’s stock.
Other equities research analysts have also issued reports about the stock. Instinet reiterated a buy rating and set a $49.00 price target on shares of Morgan Stanley in a research note on Monday, January 30th. CLSA reiterated a buy rating and set a $54.00 price target on shares of Morgan Stanley in a research note on Friday, January 13th. Stifel Nicolaus reissued a buy rating on shares of Morgan Stanley in a research report on Thursday, January 12th. Societe Generale raised shares of Morgan Stanley from a sell rating to a buy rating in a research report on Wednesday, January 11th. Finally, Royal Bank of Canada reissued a buy rating and set a $50.00 price objective on shares of Morgan Stanley in a research report on Wednesday, January 4th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $42.07.
Morgan Stanley (NYSE:MS) traded up 1.19% during mid-day trading on Wednesday, hitting $41.80. The company had a trading volume of 10,486,745 shares. Morgan Stanley has a 1-year low of $23.11 and a 1-year high of $47.33. The firm has a market capitalization of $77.32 billion, a PE ratio of 12.40 and a beta of 1.80. The company has a 50 day moving average of $42.56 and a 200 day moving average of $42.71. Morgan Stanley also was the target of some unusual options trading activity on Thursday. Investors acquired 2,771 call options on the company. This represents an increase of 403% compared to the average volume of 551 call options.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Wednesday, April 19th. The financial services provider reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.10. Morgan Stanley had a net margin of 15.76% and a return on equity of 8.48%. The business had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.29 billion. During the same period last year, the business earned $0.55 EPS. The company’s revenue was up 25.1% on a year-over-year basis. Analysts predict that Morgan Stanley will post $3.48 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were issued a $0.20 dividend. The ex-dividend date was Thursday, April 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.94%. Morgan Stanley’s dividend payout ratio (DPR) is presently 27.40%.
In related news, Chairman James P. Gorman sold 212,365 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $42.93, for a total value of $9,116,829.45. Following the sale, the chairman now owns 1,389,378 shares of the company’s stock, valued at approximately $59,645,997.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.35% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in MS. State Street Corp boosted its position in shares of Morgan Stanley by 4.2% in the fourth quarter. State Street Corp now owns 162,752,027 shares of the financial services provider’s stock valued at $6,876,272,000 after buying an additional 6,517,260 shares during the last quarter. BlackRock Inc. boosted its position in shares of Morgan Stanley by 2,798.9% in the first quarter. BlackRock Inc. now owns 101,168,197 shares of the financial services provider’s stock valued at $4,334,046,000 after buying an additional 97,678,337 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Morgan Stanley by 4.9% in the first quarter. Vanguard Group Inc. now owns 92,226,969 shares of the financial services provider’s stock valued at $3,951,003,000 after buying an additional 4,331,723 shares during the last quarter. FMR LLC boosted its position in shares of Morgan Stanley by 16.9% in the first quarter. FMR LLC now owns 46,221,986 shares of the financial services provider’s stock valued at $1,980,150,000 after buying an additional 6,692,676 shares during the last quarter. Finally, ValueAct Holdings L.P. boosted its position in shares of Morgan Stanley by 10.3% in the third quarter. ValueAct Holdings L.P. now owns 41,900,000 shares of the financial services provider’s stock valued at $1,343,314,000 after buying an additional 3,900,000 shares during the last quarter. Institutional investors own 85.87% of the company’s stock.
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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