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

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

A number of other research firms have also recently weighed in on MS. Wells Fargo & Co set a $55.00 price target on Morgan Stanley and gave the stock a hold rating in a report on Wednesday, December 20th. Zacks Investment Research raised Morgan Stanley from a hold rating to a buy rating and set a $59.00 price target for the company in a report on Wednesday, January 3rd. JPMorgan Chase & Co. set a $53.00 price target on Morgan Stanley and gave the stock a buy rating in a report on Friday, September 15th. Barclays upped their price target on Morgan Stanley from $48.00 to $52.00 and gave the stock an equal weight rating in a report on Wednesday, October 18th. Finally, Berenberg Bank reaffirmed a hold rating and issued a $40.00 price target on shares of Morgan Stanley in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $53.11.

Morgan Stanley (NYSE:MS) traded up $0.92 during midday 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 firm has a market cap of $99,650.00, a PE ratio of 15.23, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65. Morgan Stanley has a 12 month low of $40.06 and a 12 month 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 released its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.12. The company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.05 billion. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. Morgan Stanley’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 EPS. equities analysts anticipate that Morgan Stanley will post 3.58 EPS for the current fiscal year.

In related news, Director Alistair Darling sold 3,850 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $49.29, for a total value of $189,766.50. Following the completion of the sale, the director now owns 14,218 shares of the company’s stock, valued at $700,805.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Keishi Hotsuki sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $50.00, for a total value of $1,250,000.00. 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 three months. Insiders own 0.35% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. KCS Wealth Advisory acquired a new stake in shares of Morgan Stanley in the fourth quarter valued at approximately $812,000. Bremer Trust National Association increased its holdings in shares of Morgan Stanley by 31.0% in the fourth quarter. Bremer Trust National Association now owns 20,245 shares of the financial services provider’s stock valued at $1,062,000 after purchasing an additional 4,795 shares during the last quarter. Covenant Asset Management LLC increased its holdings in shares of Morgan Stanley by 3.4% in the fourth quarter. Covenant Asset Management LLC now owns 33,036 shares of the financial services provider’s stock valued at $1,733,000 after purchasing an additional 1,071 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Morgan Stanley by 28.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 671,485 shares of the financial services provider’s stock valued at $34,790,000 after purchasing an additional 149,250 shares during the last quarter. Finally, Appleton Partners Inc. MA increased its holdings in shares of Morgan Stanley by 23.0% in the fourth quarter. Appleton Partners Inc. MA now owns 15,775 shares of the financial services provider’s stock valued at $828,000 after purchasing an additional 2,945 shares during the last quarter. 85.49% of the stock is 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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