Trading Report: Today, Morgan Stanley (MS) Lowered by Vetr Inc. to Sell

Today, Morgan Stanley (MS) Lowered by Vetr Inc. to Sell

Morgan Stanley (NYSE:MS) was downgraded by Vetr from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday. They presently have a $32.18 price target on the financial services provider’s stock. Vetr‘s price target would suggest a potential downside of 21.70% from the stock’s current price.

Several other equities research analysts have also recently weighed in on MS. Royal Bank Of Canada increased their target price on Morgan Stanley from $27.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, July 21st. Zacks Investment Research upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a report on Friday, October 21st. Citigroup Inc. increased their target price on Morgan Stanley from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, October 10th. Nomura restated a “buy” rating and set a $34.00 target price on shares of Morgan Stanley in a report on Friday, July 22nd. Finally, Sandler O’Neill cut Morgan Stanley from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a report on Thursday, October 6th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the stock. Morgan Stanley currently has an average rating of “Hold” and a consensus target price of $32.59.

Shares of Morgan Stanley (NYSE:MS) traded up 0.15% during midday trading on Tuesday, reaching $41.10. The company’s stock had a trading volume of 4,027,471 shares. The company has a market capitalization of $76.97 billion, a P/E ratio of 16.52 and a beta of 1.87. The company’s 50-day moving average price is $35.22 and its 200 day moving average price is $30.29. Morgan Stanley has a 12-month low of $21.16 and a 12-month high of $41.20.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Wednesday, October 19th. The financial services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.63 by $0.17. The firm had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.17 billion. Morgan Stanley had a return on equity of 7.57% and a net margin of 14.44%. The company’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 EPS. On average, equities research analysts forecast that Morgan Stanley will post $2.71 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Thursday, October 27th. Morgan Stanley’s payout ratio is currently 32.00%.

In related news, major shareholder Stanley Morgan sold 357 shares of Morgan Stanley stock in a transaction 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul C. Wirth sold 18,929 shares of Morgan Stanley stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $31.70, for a total value of $600,049.30. Following the completion of the sale, the chief financial officer now directly owns 195,748 shares of the company’s stock, valued at approximately $6,205,211.60. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of MS. Parkside Financial Bank & Trust raised its stake in shares of 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 last quarter. Salem Investment Counselors Inc. purchased a new stake in shares of Morgan Stanley during the third quarter valued at approximately $110,000. FineMark National Bank & Trust raised its stake in shares of Morgan Stanley by 2.0% in the second quarter. FineMark National Bank & Trust now owns 4,332 shares of the financial services provider’s stock valued at $113,000 after buying an additional 84 shares during the last quarter. MCF Advisors LLC raised its stake in shares of 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 last quarter. Finally, First Manhattan Co. raised its stake in shares of 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 last quarter. 85.32% of the stock is owned by institutional investors.

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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