ValuEngine Downgrades Morgan Stanley (NYSE:MS) to Strong Sell

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Morgan Stanley (NYSE:MS) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday, ValuEngine reports.

A number of other equities research analysts also recently commented on MS. Wells Fargo & Co downgraded Morgan Stanley from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $65.00 to $58.00 in a report on Thursday. JMP Securities downgraded Morgan Stanley from an “outperform” rating to a “market perform” rating in a report on Monday, January 13th. Piper Sandler downgraded Morgan Stanley from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $56.00 to $59.00 in a report on Friday, January 17th. Deutsche Bank downgraded Morgan Stanley from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, Credit Suisse Group dropped their price objective on Morgan Stanley from to and set an “outperform” rating for the company in a report on Friday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. Morgan Stanley currently has a consensus rating of “Hold” and an average price target of $56.77.

Shares of MS stock traded down $1.33 on Friday, reaching $52.42. 29,536,190 shares of the stock were exchanged, compared to its average volume of 11,363,671. The stock has a market cap of $91.14 billion, a PE ratio of 10.10, a P/E/G ratio of 1.06 and a beta of 1.34. Morgan Stanley has a one year low of $38.76 and a one year high of $57.57. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a 50 day moving average price of $54.18 and a 200 day moving average price of $47.53.

Morgan Stanley (NYSE:MS) last released its earnings results on Thursday, January 16th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.22. The company had revenue of $10.86 billion during the quarter, compared to the consensus estimate of $9.72 billion. Morgan Stanley had a return on equity of 11.70% and a net margin of 16.80%. The firm’s quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.80 earnings per share. On average, research analysts expect that Morgan Stanley will post 5.36 earnings per share for the current fiscal year.

In other Morgan Stanley news, insider Keishi Hotsuki sold 26,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $49.08, for a total value of $1,276,080.00. Following the completion of the transaction, the insider now directly owns 254,530 shares of the company’s stock, valued at $12,492,332.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Paul C. Wirth sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $49.08, for a total value of $1,227,000.00. Following the completion of the transaction, the chief financial officer now directly owns 146,816 shares of the company’s stock, valued at $7,205,729.28. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the business. Quadrant Capital Group LLC boosted its position in shares of Morgan Stanley by 45.3% during the third quarter. Quadrant Capital Group LLC now owns 4,359 shares of the financial services provider’s stock worth $174,000 after buying an additional 1,360 shares during the period. Principle Wealth Partners LLC boosted its position in shares of Morgan Stanley by 29.7% during the third quarter. Principle Wealth Partners LLC now owns 13,673 shares of the financial services provider’s stock worth $583,000 after buying an additional 3,133 shares during the period. Pictet Asset Management Ltd. boosted its position in shares of Morgan Stanley by 5.7% during the third quarter. Pictet Asset Management Ltd. now owns 650,809 shares of the financial services provider’s stock worth $27,770,000 after buying an additional 35,000 shares during the period. Carroll Financial Associates Inc. boosted its position in shares of Morgan Stanley by 246.8% during the fourth quarter. Carroll Financial Associates Inc. now owns 1,179 shares of the financial services provider’s stock worth $60,000 after buying an additional 839 shares during the period. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of Morgan Stanley during the third quarter worth about $13,390,000. 83.55% of the stock is owned by hedge funds and other institutional investors.

Morgan Stanley Company Profile

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.

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Analyst Recommendations for Morgan Stanley (NYSE:MS)

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