Morgan Stanley (NYSE:MS) Touching New 52-week High

Ivan Schwartz
October 18, 2017

The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.

The old model of charging clients commissions to buy and sell stocks is falling away, with Morgan Stanley and rivals embracing a model where advisers charge a flat fee to manage portfolios.

Revenue rose 3 percent to $9.20 billion from a year earlier. They expect $0.18 earnings per share, down 28.00% or $0.07 from last year's $0.25 per share.

Revenues: $9.2bn up from $8.9bn in the third quarter of 2016. The stock has a market capitalization of $88.71 billion, a P/E ratio of 13.84 and a beta of 1.61.

The stock's 50 day moving average is 47.26 and its 200 day moving average is 45.05. MEDNAX has $91.0 highest and $46.0 lowest target.

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MS has been the subject of a number of analyst reports.

Trading contributes a bigger share of overall revenue at Morgan Stanley and Goldman Sachs than other Wall Street firms. On a consensus basis, analysts have given a recommendation of 2.30 on company shares. The stock of Morgan Stanley (NYSE:MS) has "Hold" rating given on Thursday, September 28 by Keefe Bruyette & Woods. Morgan Stanley said the strong performance in underwriting played a big role here.

Goldman and particularly Morgan Stanley benefited from switches of emphasis to institutional investment banking and wealth management. Morgan Stanley has a consensus rating of "Buy" and an average target price of $49.39. Shares repurchase programs are often a sign that the company's leadership believes its stock is undervalued. Gradient Limited Liability Company, Minnesota-based fund reported 50 shares. Odey Asset Management Group Ltd sold 60,000 shares as Morgan Stanley (MS)'s stock declined 9.43%. Also, Chairman James P. Gorman sold 212,366 shares of the company's stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $47.26, for a total transaction of $10,036,417.16. Following the completion of the sale, the chairman now owns 1,602,609 shares in the company, valued at approximately $75,739,301.34. The Company's Wealth Management business segment provides an array of financial services and solutions to individual investors and small-to-medium sized businesses and institutions covering brokerage and investment advisory services, market-making activities in fixed income securities, financial and wealth planning services, annuity and insurance products, credit and other lending products, banking and retirement plan services. First Manhattan has 0% invested in Morgan Stanley (NYSE:MS) for 3,670 shares. Westpac Banking Corp now owns 330,925 shares of the financial services provider's stock worth $9,425,000 after purchasing an additional 73,424 shares during the period. Compared to the second quarter, FICC revenue rose 25%. Davidson & Garrard Inc. now owns 5,525 shares of the financial services provider's stock worth $246,000 after purchasing an additional 120 shares during the period. Invictus RG bought a new position in shares of Morgan Stanley during the 1st quarter valued at about $106,000. This buyback authorization permits the financial services provider to reacquire up to 6.1% of its shares through open market purchases.

TRADEMARK VIOLATION NOTICE: "Morgan Stanley (MS) Issues Quarterly Earnings Results" was first posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this article on another publication, it was copied illegally and republished in violation of United States & worldwide trademark & copyright law. Twin Incorporated holds 0.29% of its portfolio in Morgan Stanley (NYSE:MS) for 111,295 shares.

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