Morgan Stanley (NYSE:MS) Issues Quarterly Earnings Results

Morgan Stanley (NYSE:MS) posted its quarterly earnings results on Thursday. The financial services provider reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.68, Briefing.com reports. The business had revenue of $16.23 billion for the quarter, compared to the consensus estimate of $15.03 billion. Morgan Stanley had a net margin of 10.64% and a return on equity of 12.58%. Morgan Stanley’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.13 earnings per share.

Morgan Stanley Trading Up 2.3 %

Morgan Stanley stock opened at $133.53 on Thursday. Morgan Stanley has a 12 month low of $83.09 and a 12 month high of $136.24. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.14. The business has a 50 day moving average price of $128.74 and a two-hundred day moving average price of $113.02. The stock has a market cap of $215.12 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 0.97 and a beta of 1.36.

Morgan Stanley Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.925 dividend. This represents a $3.70 annualized dividend and a dividend yield of 2.77%. Morgan Stanley’s payout ratio is presently 56.32%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. UBS Group lifted their price target on Morgan Stanley from $102.00 to $112.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their target price on shares of Morgan Stanley from $121.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group raised their price target on shares of Morgan Stanley from $106.00 to $121.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Bank of America upped their price objective on shares of Morgan Stanley from $140.00 to $146.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. raised their target price on Morgan Stanley from $104.00 to $108.00 and gave the company a “neutral” rating in a report on Monday. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $126.07.

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