Citigroup Downgrades Morgan Stanley (MS) to Neutral

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Morgan Stanley (NYSE:MS) was downgraded by stock analysts at Citigroup from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, Marketbeat.com reports. They presently have a $48.00 price target on the financial services provider’s stock. Citigroup‘s price target indicates a potential upside of 0.95% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. BMO Capital Markets reduced their price objective on Morgan Stanley to $65.00 and set an “outperform” rating for the company in a research note on Friday, January 18th. Societe Generale downgraded Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. Wells Fargo & Co raised Morgan Stanley to a “buy ms” rating in a research note on Thursday, December 20th. Zacks Investment Research downgraded Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Wednesday, January 9th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $56.00 price objective on shares of Morgan Stanley in a research note on Wednesday, February 20th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. Morgan Stanley currently has a consensus rating of “Hold” and an average target price of $56.24.

Shares of Morgan Stanley stock opened at $47.55 on Thursday. The stock has a market capitalization of $80.19 billion, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 1.13 and a beta of 1.19. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.81 and a quick ratio of 0.81. Morgan Stanley has a 1 year low of $36.74 and a 1 year high of $55.64.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.16. The firm had revenue of $10.29 billion during the quarter, compared to the consensus estimate of $9.96 billion. Morgan Stanley had a return on equity of 12.02% and a net margin of 17.43%. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.45 EPS. On average, research analysts forecast that Morgan Stanley will post 4.71 earnings per share for the current year.

In other news, CFO Paul C. Wirth sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $42.40, for a total transaction of $1,060,000.00. Following the completion of the sale, the chief financial officer now directly owns 169,031 shares of the company’s stock, valued at approximately $7,166,914.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Nalls Sherbakoff Group LLC acquired a new position in shares of Morgan Stanley during the 4th quarter valued at about $28,000. Liberty Wealth Management LLC acquired a new position in shares of Morgan Stanley during the 4th quarter valued at about $29,000. CWM LLC increased its holdings in shares of Morgan Stanley by 72.6% during the 4th quarter. CWM LLC now owns 799 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 336 shares during the last quarter. Sandy Spring Bank acquired a new position in shares of Morgan Stanley during the 4th quarter valued at about $40,000. Finally, San Francisco Sentry Investment Group CA increased its holdings in shares of Morgan Stanley by 63.7% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 1,002 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 390 shares during the last quarter. 86.10% of the stock is owned by institutional investors.

About Morgan Stanley

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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