Morgan Stanley (MS) Issues Quarterly Earnings Results
Morgan Stanley (NYSE:MS) posted its earnings results on Thursday. The financial services provider reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.07, Bloomberg Earnings reports. The company had revenue of $9.50 billion during the quarter, compared to the consensus estimate of $9.25 billion. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 earnings per share.
Morgan Stanley (NYSE MS) opened at $55.35 on Thursday. The company has a market cap of $100,070.00, a price-to-earnings ratio of 15.29, a P/E/G ratio of 0.90 and a beta of 1.65. Morgan Stanley has a one year low of $40.06 and a one year high of $55.98. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.74 and a current ratio of 0.74.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.81%. Morgan Stanley’s payout ratio is currently 27.62%.
In related news, Director Alistair Darling sold 3,850 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $49.29, for a total transaction of $189,766.50. Following the completion of the transaction, the director now directly owns 14,218 shares in the company, valued at approximately $700,805.22. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Thomas Colm Kelleher sold 40,000 shares of the company’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $50.59, for a total transaction of $2,023,600.00. Following the transaction, the president now owns 692,037 shares of the company’s stock, valued at $35,010,151.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,850 shares of company stock valued at $3,463,367. Corporate insiders own 0.35% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Morgan Stanley by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 93,483,287 shares of the financial services provider’s stock valued at $4,165,615,000 after buying an additional 1,256,318 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Morgan Stanley by 24.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,326,657 shares of the financial services provider’s stock valued at $549,275,000 after buying an additional 2,427,130 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Morgan Stanley by 18.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 11,816,768 shares of the financial services provider’s stock valued at $569,213,000 after buying an additional 1,828,697 shares in the last quarter. Epoch Investment Partners Inc. raised its stake in shares of Morgan Stanley by 2.0% in the 3rd quarter. Epoch Investment Partners Inc. now owns 9,843,789 shares of the financial services provider’s stock valued at $474,175,000 after buying an additional 189,953 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Morgan Stanley by 5,268.0% in the 2nd quarter. Janus Henderson Group PLC now owns 9,590,843 shares of the financial services provider’s stock valued at $427,365,000 after buying an additional 9,412,177 shares in the last quarter. Hedge funds and other institutional investors own 85.49% of the company’s stock.
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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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