Morgan Stanley (NYSE:MS) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Morgan Stanley (NYSE:MSGet Free Report) announced its quarterly earnings results on Tuesday. The financial services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.07 by $0.06, Briefing.com reports. Morgan Stanley had a net margin of 9.49% and a return on equity of 10.33%. The company had revenue of $12.90 billion for the quarter, compared to analyst estimates of $12.77 billion. During the same quarter in the prior year, the business posted $1.31 EPS. Morgan Stanley’s quarterly revenue was up 1.2% on a year-over-year basis.

Morgan Stanley Price Performance

NYSE:MS opened at $84.41 on Thursday. The company has a 50-day moving average of $85.49 and a 200-day moving average of $84.16. The company has a market capitalization of $138.54 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 1.71 and a beta of 1.43. Morgan Stanley has a 52 week low of $69.42 and a 52 week high of $100.99. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.76 and a current ratio of 0.76.

Morgan Stanley Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend is Tuesday, January 30th. Morgan Stanley’s payout ratio is 65.76%.

Analyst Ratings Changes

A number of research firms recently issued reports on MS. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $91.00 target price (down from $102.00) on shares of Morgan Stanley in a research note on Wednesday. StockNews.com began coverage on shares of Morgan Stanley in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Evercore ISI lowered their target price on shares of Morgan Stanley from $102.00 to $97.00 and set an “outperform” rating on the stock in a research note on Thursday, October 19th. The Goldman Sachs Group raised their target price on shares of Morgan Stanley from $89.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. Finally, Wolfe Research upgraded shares of Morgan Stanley from an “underperform” rating to a “peer perform” rating in a research note on Friday, October 20th. Thirteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $94.80.

Check Out Our Latest Research Report on MS

Hedge Funds Weigh In On Morgan Stanley

Several institutional investors have recently added to or reduced their stakes in the company. Fairfield Bush & CO. acquired a new stake in Morgan Stanley in the 1st quarter valued at about $108,000. Baird Financial Group Inc. grew its position in shares of Morgan Stanley by 7.8% during the 1st quarter. Baird Financial Group Inc. now owns 306,637 shares of the financial services provider’s stock worth $26,801,000 after buying an additional 22,095 shares during the period. Zions Bancorporation N.A. grew its position in shares of Morgan Stanley by 61.9% during the 1st quarter. Zions Bancorporation N.A. now owns 6,957 shares of the financial services provider’s stock worth $608,000 after buying an additional 2,660 shares during the period. Brown Brothers Harriman & Co. grew its position in shares of Morgan Stanley by 64.5% during the 1st quarter. Brown Brothers Harriman & Co. now owns 17,070 shares of the financial services provider’s stock worth $1,492,000 after buying an additional 6,696 shares during the period. Finally, Covestor Ltd grew its position in shares of Morgan Stanley by 66.9% during the 1st quarter. Covestor Ltd now owns 626 shares of the financial services provider’s stock worth $55,000 after buying an additional 251 shares during the period. 83.09% of the stock is owned by institutional investors.

Morgan Stanley Company Profile

(Get Free Report)

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.

See Also

Earnings History for Morgan Stanley (NYSE:MS)

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