"The issues that caused the shortfall in revenue for Morgan Stanley seem to have been self-induced and not necessarily a commentary on what's going on in banking", said Kim Forrest, senior portfolio manager at Fort Pitt Capital Group in Pittsburgh. Vigilant Capital Management LLC now owns 1,158 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 750 shares in the last quarter. CENTRAL TRUST Co grew its position in Morgan Stanley by 1.5% in the 4th quarter. Renaissance Technologies LLC lifted its position in Morgan Stanley by 28.2% during the 3rd quarter. The stock has a market capitalization of $73.76 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 0.74 and a beta of 1.24. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.80 and a quick ratio of 0.80.
Morgan Stanley shares were recently off 3.8 percent, at $42.81, in early afternoon trades. Morgan Stanley earnings has plummeted by about 6% after the lackluster profits report. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.16. The investment bank said that it had $0.80 in earnings per share (EPS) and $8.55 billion in revenue. Morgan Stanley had a net margin of 15.93% and a return on equity of 12.51%.
Fixed income trading revenues for the fourth quarter were down 30% year-on-year while equities trading revenues were flat. The consensus estimates that were calling for $0.89 in EPS on revenue of $9.29 billion, and the financial giant posted EPS of $0.84 and $9.5 billion in revenue in the same period of past year.
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Analysts on average were looking for 89 cents per share, according to IBES data from Refinitiv.
Despite the negative revenue report, Morgan Stanley's dividend forecast is positive. They issued an "outperform" rating on the stock. Credit Suisse Group reduced their target price on shares of Morgan Stanley from $62.00 to $58.00 and set an outperform rating on the stock in a research report on Friday, December 7th. Finally, Citigroup raised Morgan Stanley from a "neutral" rating to a "buy" rating and dropped their target price for the company from $50.00 to $48.00 in a research report on Wednesday, January 9th.
For personal guess ROI is usually expressed as a percentage and is typically used for taking any financial decisions, for the goal of comparing a Morgan Stanley (NYSE:MS)'s profitability or to compare the efficiency of different investments, hence, MS return on investment (ROI) is 1.50%. The company has a consensus rating of "Hold" and a consensus price target of $56.06.