Morgan Stanley (NYSE:MS) announced its quarterly earnings data on Thursday. The financial services provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.77 by $0.07, Bloomberg Earnings reports. The business had revenue of $9.50 billion during the quarter, compared to analyst estimates of $9.25 billion. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 earnings per share.
Morgan Stanley (MS) opened at $55.90 on Thursday. Morgan Stanley has a 52-week low of $40.06 and a 52-week high of $55.98. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market capitalization of $100,070.00, a PE ratio of 15.44, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.79%. Morgan Stanley’s dividend payout ratio (DPR) is 27.62%.
Several brokerages have commented on MS. UBS Group raised Morgan Stanley to an “overweight” rating in a research report on Wednesday, January 10th. Atlantic Securities raised Morgan Stanley from a “neutral” rating to an “overweight” rating and set a $61.00 price objective for the company in a research report on Wednesday, January 10th. Societe Generale lowered Morgan Stanley from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Vining Sparks reissued a “buy” rating and set a $60.00 price objective on shares of Morgan Stanley in a research report on Monday, January 8th. Finally, Credit Suisse Group raised Morgan Stanley to a “buy” rating and set a $58.00 price target for the company in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $53.07.
In other Morgan Stanley news, President Thomas Colm Kelleher sold 40,000 shares of the business’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $50.59, for a total value of $2,023,600.00. Following the completion of the transaction, the president now owns 692,037 shares of the company’s stock, valued at approximately $35,010,151.83. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alistair Darling sold 3,850 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 14,218 shares of the company’s stock, valued at approximately $700,805.22. The disclosure for this sale can be found here. In the last three months, insiders sold 68,850 shares of company stock valued at $3,463,367. 0.35% of the stock is owned by insiders.
Large investors have recently modified their holdings of the business. Invictus RG raised its position in Morgan Stanley by 307.5% in the 3rd quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock worth $112,000 after buying an additional 1,762 shares during the last quarter. Rational Advisors LLC purchased a new position in Morgan Stanley in the 3rd quarter worth about $116,000. Zions Bancorporation raised its position in Morgan Stanley by 176.1% in the 3rd quarter. Zions Bancorporation now owns 2,463 shares of the financial services provider’s stock worth $119,000 after buying an additional 1,571 shares during the last quarter. BB&T Investment Services Inc. raised its position in Morgan Stanley by 163.1% in the 3rd quarter. BB&T Investment Services Inc. now owns 2,655 shares of the financial services provider’s stock worth $127,000 after buying an additional 1,646 shares during the last quarter. Finally, WFG Advisors LP raised its position in Morgan Stanley by 45.4% in the 2nd quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock worth $120,000 after buying an additional 840 shares during the last quarter. 85.49% of the stock is owned by institutional investors and hedge funds.
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Morgan Stanley Company Profile
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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