Morgan Stanley (NYSE:MS), the major underwriter in Facebook‘s (NASDAQ:FB) May IPO might like the social media site a bit too intimately.
According to Wall Street Journal reports, latest data from Morningstar indicating that eight of the leading nine US mutual funds with Facebook stock as a percentage of overall assets are managed by Morgan Stanley’s (MS) asset-management wing.
Though, the Morgan Stanley funds that possess Facebook shares seem to have received most of them ahead of the IPO at prices well lower than the initial $38, showing that investors could possibly still have paper rises on the stock, regardless of its steep drop in past months.
Its competitors include Goldman Sachs Group, Inc. (NYSE:GS) that slipped -0.61% to $103.44 with the total traded volume of 868,239.00 shares.
Other financial stocks with bullish trend include American International Group, Inc. (NYSE:AIG) up 0.80% to $34.03, Fifth Third Bancorp (NASDAQ:FITB) up 0.89% to $14.76 and Penson Worldwide, Inc. (NASDAQ:PNSN) up 27.67% to $0.110, whereas with bearish trend include Bank of America Corp (NYSE:BAC) down -0.67% to $8.10, General Growth Properties Inc (NYSE:GGP) down -4.04% to $19.50 and Citigroup Inc. (NYSE:C) down -0.52% to $29.43.
Morgan Stanley (NYSE:MS) after opening at $14.34 hit high price of $14.42 and then trading at $14.39 by plunging -0.76% AT 10:41AM EDT and on current session volume of 3.11 million shares is lower than its average volume of 20.84 million shares.
The stock price volatility was 2.78% for a week and 2.88% for a month as well as price volatility’s Average True Range for 14 days was 0.44 and its beta remained 1.59.
The liquidity measure in recent quarter results of the company the debt to equity ratio was 2.85 and long-term debt to equity ratio also remained 2.67. The Company had total cash at hand $594.26 billion and a book value per share as $31.02 in the most recent quarter.
MS generated revenue of 35.52 billion in the following twelve months and earned $2.31 billion. The Company showed a positive 8.37% in the net profit margin and as well as in its operating margin which remained 12.31%. Company’s annual sales growth for the past five year was -11.08%.
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