Morgan Stanley (NYSE:MS) Issues Quarterly Earnings Results, Beats Expectations By $0.40 EPS

Morgan Stanley (NYSE:MSGet Free Report) issued its quarterly earnings data on Thursday. The financial services provider reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.40, Zacks reports. Morgan Stanley had a net margin of 13.85% and a return on equity of 16.40%. During the same period last year, the company posted $2.22 EPS.

Morgan Stanley Stock Performance

Shares of MS opened at $180.77 on Thursday. Morgan Stanley has a 1 year low of $94.33 and a 1 year high of $188.82. The company has a market cap of $287.30 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20. The firm has a fifty day moving average of $174.13 and a 200-day moving average of $159.09. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.79 and a current ratio of 0.79.

Trending Headlines about Morgan Stanley

Here are the key news stories impacting Morgan Stanley this week:

Insiders Place Their Bets

In related news, CEO Edward Pick sold 100,000 shares of the stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $164.34, for a total value of $16,434,000.00. Following the completion of the transaction, the chief executive officer owned 574,986 shares in the company, valued at $94,493,199.24. This represents a 14.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.19% of the stock is owned by insiders.

Institutional Trading of Morgan Stanley

A number of institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC lifted its position in shares of Morgan Stanley by 10.2% during the 4th quarter. Brighton Jones LLC now owns 12,782 shares of the financial services provider’s stock valued at $1,607,000 after acquiring an additional 1,185 shares during the last quarter. Keebeck Wealth Management lifted its holdings in shares of Morgan Stanley by 8.7% during the third quarter. Keebeck Wealth Management now owns 1,971 shares of the financial services provider’s stock valued at $313,000 after purchasing an additional 158 shares during the last quarter. CTC Alternative Strategies Ltd. acquired a new position in shares of Morgan Stanley in the 2nd quarter valued at $299,000. Manhattan West Asset Management LLC increased its stake in Morgan Stanley by 14.4% in the 2nd quarter. Manhattan West Asset Management LLC now owns 2,067 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 260 shares in the last quarter. Finally, Binnacle Investments Inc increased its stake in Morgan Stanley by 7.4% in the 2nd quarter. Binnacle Investments Inc now owns 2,063 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 142 shares in the last quarter. 84.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on MS. Wells Fargo & Company increased their target price on Morgan Stanley from $177.00 to $189.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. Keefe, Bruyette & Woods increased their price objective on shares of Morgan Stanley from $184.00 to $202.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Barclays raised their price objective on shares of Morgan Stanley from $183.00 to $219.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Zacks Research upgraded Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. Finally, Dbs Bank upgraded Morgan Stanley to a “moderate buy” rating in a report on Wednesday, November 12th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $181.85.

View Our Latest Analysis on Morgan Stanley

About Morgan Stanley

(Get Free Report)

Morgan Stanley (NYSE: MS) is a global financial services firm headquartered in New York City. Founded in 1935 by Henry S. Morgan and Harold Stanley, the company provides a broad range of investment banking, securities, wealth management and investment management services to corporations, governments, institutions and individual investors. Leadership has been guided by a senior executive team and board of directors; James P. Gorman has served as the company’s chief executive and chairman in recent years.

The firm’s primary business activities are organized around three principal businesses: Institutional Securities, Wealth Management and Investment Management.

See Also

Earnings History for Morgan Stanley (NYSE:MS)

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