Economy

Morgan Stanley (MS) Issues Quarterly Earnings Results

Guardian Life Insurance Co. of America increased its holdings in shares of Morgan Stanley by 0.5% in the 1st quarter. Finally, Janus Capital Management LLC raised its position in shares of Morgan Stanley by 94.6% in the second quarter.

Institutional investors now hold around $79.56 billion or 63.1% in MS stock. Omnia Family Wealth LLC raised its holdings in Morgan Stanley by 5.8% during the 2nd quarter. FMR LLC now owns 25,261,255 shares of the financial services provider's stock valued at $656,286,000 after buying an additional 2,191,933 shares during the last quarter. M Holdings Securities Inc. increased its holdings in shares of Morgan Stanley by 1.6% in the 1st quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider's stock worth $120,000 after purchasing an additional 840 shares during the last quarter. Morgan Stanley makes up about 2.6% of Sadoff Investment Management LLC's portfolio, making the stock its 19th largest position. Catamount Wealth Management now owns 32,477 shares of the financial services provider's stock worth $1,447,000 after acquiring an additional 100 shares during the period. Finally, Cibc World Markets Corp grew its position in Morgan Stanley by 51.6% in the 1st quarter. The firm now has a $50.00 price target on the financial services provider's stock, up from their previous price target of $46.00. Peak6 Invests L P owns 154,721 shares for 0.04% of their portfolio.

Morgan Stanley (MS) is an interesting player in the Financial space, with a focus on Investment Brokerage - National. About 4.05 million shares traded or 134.10% up from the average. The stock has a market capitalization of $75.85 billion, a price-to-earnings ratio of 16.25 and a beta of 1.87.

The stock's 50 day moving average is 47.55 and its 200 day moving average is 45.17.

Morgan Stanley (NYSE:MS) went up to recover about 54.72% since recording its record low price of $32.54.

As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of Morgan Stanley (NYSE:MS). The financial services provider reported $0.93 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.81 by $0.12. Morgan Stanley had a return on equity of 7.57% and a net margin of 14.44%. During the same quarter in the prior year, the company earned $0.80 EPS. The firm's revenue was up 3.2% on a year-over-year basis. Equities analysts forecast that Morgan Stanley will post $3.57 earnings per share for the current year.

Morgan Stanley announced that its board has authorized a share buyback program on Wednesday, June 28th that allows the company to repurchase $5.00 billion in shares. The fund owned 722,425 shares of the financial services provider's stock after buying an additional 9,960 shares during the period. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Additionally the company recently announced a dividend for shareholders paid on Tuesday August 15th, 2017. Stockholders of record on Tuesday, October 31st will be given a $0.25 dividend. The ex-dividend date was set for Thursday the 27th of July 2017. This represents a $1.00 dividend on an annualized basis and a yield of 1.99%.

Let's have a look at some of the important valuation ratios of the Morgan Stanley (MS). That suggests something of the likelihood of a short squeeze in shares of MS. Morgan Stanley disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chairman and CEO Gorman James P has sold 212,366 shares of Morgan Stanley (MS) in trading session dated August 01, 2017. Citigroup Inc. reaffirmed a "neutral" rating and issued a $50.00 target price (up previously from $46.00) on shares of Morgan Stanley in a research report on Monday, October 9th. Morgan Stanley maintained it with "Equal-Weight" rating and $44 target in Friday, July 14 report. BMO Capital Markets maintained it with "Outperform" rating and $61 target in Thursday, July 20 report.

Among 29 analysts covering Morgan Stanley (NYSE:MS), 17 have Buy rating, 0 Sell and 12 Hold. The company has an average rating of Buy and a consensus target price of $50.07.

Morgan Stanley (NYSE:MS) traded up 1.15% during mid-day trading on Friday, reaching $40.43. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & worldwide copyright & trademark legislation. The correct version of this report can be accessed at https://stocknewstimes.com/2017/10/20/citigroup-inc-reiterates-neutral-rating-for-morgan-stanley-ms.html.

In related news, CFO Paul C. Wirth sold 18,929 shares of the company's stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $23,750.00, for a total value of $8,478,750.00. Following the completion of the transaction, the chief financial officer now owns 195,748 shares in the company, valued at $6,205,211.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Lockheed Martin Investment Management Company who had been investing in Morgan Stanley for a number of months, seems to be less bullish one the $91.44B market cap company. The Company's divisions include Institutional Securities, Wealth Management and Investment Management.



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