Morgan Stanley (NYSE:MS) posted its earnings results on Tuesday. The financial services provider reported $1.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.63, MarketWatch Earnings reports. Morgan Stanley had a return on equity of 12.33% and a net margin of 19.16%. The company had revenue of $13.64 billion for the quarter, compared to analyst estimates of $11.53 billion. During the same quarter last year, the company earned $1.20 earnings per share. The company’s revenue for the quarter was up 25.6% on a year-over-year basis.
Shares of NYSE MS traded down $0.05 during mid-day trading on Thursday, hitting $74.79. The company had a trading volume of 995,365 shares, compared to its average volume of 12,867,896. The company has a market capitalization of $135.31 billion, a price-to-earnings ratio of 12.53, a P/E/G ratio of 2.17 and a beta of 1.59. Morgan Stanley has a 1 year low of $27.20 and a 1 year high of $77.76. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.50. The stock’s 50-day moving average price is $68.76 and its 200-day moving average price is $55.98.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 12th. Stockholders of record on Friday, January 29th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Thursday, January 28th. Morgan Stanley’s dividend payout ratio (DPR) is presently 28.11%.
A number of brokerages recently commented on MS. Credit Suisse Group increased their price target on Morgan Stanley from $60.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, December 11th. BMO Capital Markets increased their price target on Morgan Stanley from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Tuesday, December 22nd. Piper Sandler increased their price target on Morgan Stanley from $54.00 to $76.00 and gave the company a “neutral” rating in a research report on Monday, January 11th. Finally, JPMorgan Chase & Co. began coverage on Morgan Stanley in a research report on Tuesday, October 13th. They set an “overweight” rating and a $57.00 price target for the company. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $65.00.
In related news, Director Hutham S. Olayan purchased 25,000 shares of Morgan Stanley stock in a transaction dated Thursday, November 12th. The stock was bought at an average cost of $55.40 per share, for a total transaction of $1,385,000.00. Following the completion of the transaction, the director now owns 190,349 shares in the company, valued at $10,545,334.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by insiders.
Morgan Stanley Company Profile
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. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.
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