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Morgan Stanley's profits fall 59 percent due to tax bill

19 January 2018

Following the completion of the sale, the president now directly owns 692,037 shares of the company's stock, valued at approximately $35,010,151.83. The financial services provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.11.

The profit of Morgan Stanley fell by almost 60% in Q4 2017, due to a write-off related to the new U.S. tax code. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.12% with $1.37 Billion sitting short, betting on future declines. 13,953,600 shares of the stock traded hands, compared to its average volume of 8,951,875.

Vince Maddi decreased its stake in Tenaris S A (TS) by 64.66% based on its latest 2017Q3 regulatory filing with the SEC. The stock has a market capitalization of $102,610.00, a P/E ratio of 18.07, a P/E/G ratio of 0.92 and a beta of 1.65. The institutional investor held 21,140 shares of the basic industries company at the end of 2017Q3, valued at $3.40 million, up from 2,607 at the end of the previous reported quarter. The stock increased 0.40% or $0.67 during the last trading session, reaching $167.57. This nets out to an increase of 5.38 million shares and is a bullish sign for MS. Air Products and Chemicals, Inc. It is down 25.06% since January 19, 2017 and is uptrending. Its up 0.06, from 0.88 in 2017Q2. 76 funds opened positions while 255 raised stakes. Morgan Stanley (NYSE:MS)'s short interest is 11.08 million shares, or 0.83% of the float. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2018/01/19/fox-run-management-l-l-c-grows-position-in-morgan-stanley-ms.html. The stock is trading $51.74 its 50-day moving average by -4.1%. They expect $0.20 EPS, up 300.00% or $0.15 from last year's $0.05 per share. Employees Retirement Sys Of Texas owns 501,000 shares for 0.32% of their portfolio. Blair William & Com Il owns 81,188 shares. Corporate insiders own 0.35% of the company's stock. Kbc Grp Incorporated Nv stated it has 0.37% in Morgan Stanley (NYSE:MS). During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. Montag A & Assocs reported 82,325 shares. The stock of Morgan Stanley (NYSE:MS) earned "Neutral" rating by Atlantic Securities on Wednesday, December 21. Therefore 62% are positive. JMP Securities upgraded Morgan Stanley (NYSE:MS) on Thursday, October 8 to "Outperform" rating. As per Wednesday, October 7, the company rating was downgraded by Credit Suisse. The stock has been active on the tape, now trading at $55.84, up from yesterday's close by 0.89%. Its transactional revenue, meanwhile, increased to $790 million, from $774 million a year ago, due primarily to gains on investments tied to certain employee deferred compensation plans, which were offset by a drop in fixed income revenues, Morgan Stanley says. Finally, Donaldson Capital Management LLC bought a new position in Morgan Stanley in the 3rd quarter worth about $1,343,000. The firm earned "Buy" rating on Friday, September 15 by HSBC. Following the completion of the transaction, the chairman now directly owns 1,389,378 shares in the company, valued at $59,645,997.54.

Morgan Stanley (MS) is an interesting player in the Financial space, with a focus on Investment Brokerage - National. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Air Products & Chemicals had 47 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Tuesday, October 17 with "Buy". The stock of Air Products and Chemicals, Inc. The stock has "Outperform" rating by BMO Capital Markets on Thursday, July 20. The company was maintained on Friday, July 31 by Deutsche Bank. The firm has "Buy" rating given on Friday, November 3 by Loop Capital. Citigroup maintained the stock with "Neutral" rating in Monday, October 9 report. Societe Generale lowered shares of Morgan Stanley from a "buy" rating to a "hold" rating in a report on Tuesday, January 9th.

Morgan Stanley's profits fall 59 percent due to tax bill