Morgan Stanley (MS) Cut to “Hold” at Societe Generale

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

MS has been the subject of several other reports. Oppenheimer restated a hold rating on shares of Morgan Stanley in a research report on Tuesday, October 17th. JPMorgan Chase & Co. set a $53.00 price target on Morgan Stanley and gave the stock a buy rating in a research report on Friday, September 15th. Keefe, Bruyette & Woods upgraded Morgan Stanley from a market perform rating to an outperform rating and set a $59.00 price target for the company in a research report on Tuesday, December 12th. Compass Point restated a sell rating and set a $38.00 price target (up from $34.00) on shares of Morgan Stanley in a research report on Monday, September 25th. Finally, 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. One analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $53.11.

Shares of Morgan Stanley (NYSE:MS) traded up $0.92 during trading on Tuesday, reaching $55.12. The company had a trading volume of 8,997,580 shares, compared to its average volume of 7,970,000. The stock has a market capitalization of $99,650.00, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65. Morgan Stanley has a 52 week low of $40.06 and a 52 week high of $55.14. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.68.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, topping the 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 return on equity of 10.07% and a net margin of 16.76%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 earnings per share. equities research analysts predict that Morgan Stanley will post 3.58 earnings per share for the current fiscal year.

In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 16,397 shares of the firm’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $50.07, for a total value of $820,997.79. Following the sale, the insider now directly owns 111,776 shares in the company, valued at $5,596,624.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Thomas Colm Kelleher sold 40,000 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $50.59, for a total value of $2,023,600.00. Following the completion of the sale, the president now owns 692,037 shares in the company, valued at $35,010,151.83. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 85,247 shares of company stock worth $4,284,364. 0.35% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Atlantic Trust Group LLC increased its position in shares of Morgan Stanley by 9.9% during the second quarter. Atlantic Trust Group LLC now owns 17,017 shares of the financial services provider’s stock worth $758,000 after purchasing an additional 1,539 shares in the last quarter. Hennessy Advisors Inc. increased its position in shares of Morgan Stanley by 7.4% during the second quarter. Hennessy Advisors Inc. now owns 29,000 shares of the financial services provider’s stock worth $1,292,000 after purchasing an additional 2,000 shares in the last quarter. Financial Counselors Inc. increased its position in shares of Morgan Stanley by 6.7% during the second quarter. Financial Counselors Inc. now owns 6,332 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 400 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Morgan Stanley by 12.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 26,529 shares of the financial services provider’s stock worth $1,182,000 after purchasing an additional 2,949 shares in the last quarter. Finally, AJO LP increased its position in shares of Morgan Stanley by 727.1% during the second quarter. AJO LP now owns 1,020,675 shares of the financial services provider’s stock worth $45,481,000 after purchasing an additional 897,275 shares in the last quarter. Institutional investors own 85.49% of the company’s stock.

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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.

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