Economy

MUFG Enters into Sales Plan with Morgan Stanley and MS & Co

MUFG Enters into Sales Plan with Morgan Stanley and MS & Co

The investment bank said that it had $1.45 in earnings per share (EPS) on $11.1 billion in revenue, which compares with consensus estimates from Thomson Reuters of $1.25 in EPS on revenue of $10.32 billion. Morgan Stanley had a return on equity of 8.48% and a net margin of 15.76%. The firm's revenue for the quarter was up 13.7% compared to the same quarter a year ago. During the same period in the previous year, the business earned $0.81 EPS. Finally, Reliance Trust Co. of DE boosted its position in Morgan Stanley by 18.4% during the 4th quarter. Sadoff Investment Management Llc sold 16,800 shares as Morgan Stanley (MS)'s stock rose 0.82%. The companyƂ's Institutional Securities segment offers capital raising and financial advisory services, including services related to the underwriting of debt, equity, and other securities, as well as advice on mergers and acquisitions, restructurings, real estate, and project finance.The P/E ratio is 17.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Paul C. Wirth sold 12,481 shares of the stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $53.55, for a total value of $4,661,527.50. The disclosure for this sale can be found here. Karpus Management Inc sold 609,136 shares as the company's stock declined 1.96% with the market. Investors holded 1.53 billion in 2017Q3 but now own 1.51 billion shares or 1.16% less.

A number of institutional investors have recently made changes to their positions in the business. Bollard Group LLC now owns 108,699 shares of the financial services provider's stock valued at $5,703,000 after purchasing an additional 1,040 shares during the period.

Profit Investment Management Llc, which manages about $2.21B and $130.94 million US Long portfolio, upped its stake in Rlj Lodging Tr (NYSE:RLJ) by 21,911 shares to 80,836 shares, valued at $1.78M in 2017Q4, according to the filing. Immediately after the conversion, the shares of Common Stock beneficially owned by MUFG represented approximately 22.56% of the outstanding shares of Common Stock and MUFG has not acquired additional shares of Common Stock of Morgan Stanley since then. Jfs Wealth Advsrs Ltd Limited Liability Company holds 0% of its capital in Morgan Stanley (NYSE:MS) for 312 shs. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Morgan Stanley by 43.2% in the fourth quarter. Iberiabank Corp now owns 9,121 shares of the financial services provider's stock valued at $479,000 after purchasing an additional 960 shares during the period. In Thursday, December 21 report Keefe Bruyette & Woods maintained it with "Buy" rating and $63.0 target. JP Morgan maintained Morgan Stanley (NYSE:MS) on Friday, March 31 with "Buy" rating. Barclays lifted their price objective on Morgan Stanley from $52.00 to $62.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 2nd. The stock of Morgan Stanley (NYSE:MS) has "Sell" rating given on Wednesday, January 13 by Societe Generale.

More news: Hundreds of internet users crowdfund Elon Musk $5000 for a new sofa

For the first quarter of 2018, the bank posted a 38% jump in total net income on a continuing basis to reach $3.42bn, for earnings per share of $1.45, which easily beat the consensus forecast from analysts polled by FactSet for $1.26. Buckingham Research has "Buy" rating and $57 target.

Morgan Stanley, a financial holding company, provides various financial services and products to firms, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.The firm is worth $94.45 billion.


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