Morgan Stanley Company Profile (NYSE:MS)

About Morgan Stanley (MS)

Morgan Stanley logoMorgan Stanley is a financial holding company. The Company's segments include Institutional Securities, Wealth Management and Investment Management. The Company's Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients. 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. The Company's Investment Management business segment provides a range of investment strategies and products.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Investment Brokerage - National
  • Sub-Industry: Investment Banking & Brokerage
  • Exchange: NYSE
  • Symbol: MS
  • CUSIP: 61744644
Key Metrics:
  • Previous Close: $43.56
  • 50 Day Moving Average: $43.48
  • 200 Day Moving Average: $41.21
  • 52-Week Range: $23.11 - $47.33
  • Trailing P/E Ratio: 12.92
  • Foreward P/E Ratio: 11.03
  • P/E Growth: 0.85
  • Market Cap: $80.67B
  • Outstanding Shares: 1,852,000,000
  • Beta: 1.8
  • Net Margins: 15.76%
  • Return on Equity: 8.48%
  • Return on Assets: 0.73%
  • Debt-to-Equity Ratio: 2.31%
  • Current Ratio: 0.71%
  • Quick Ratio: 0.71%

Analyst Ratings

Consensus Ratings for Morgan Stanley (NYSE:MS) (?)
Ratings Breakdown: 1 Sell Rating, 8 Hold Ratings, 17 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: $41.60 (4.50% downside)

Analysts' Ratings History for Morgan Stanley (NYSE:MS)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/22/2017Rafferty Capital MarketsReiterated RatingBuy$50.00HighView Rating Details
4/20/2017Vining SparksReiterated RatingStrong-Buy$51.00LowView Rating Details
3/30/2017JPMorgan Chase & Co.Reiterated RatingBuyLowView Rating Details
3/29/2017Deutsche Bank AGUpgradeHold -> Buy$42.49 -> $47.00LowView Rating Details
3/27/2017Compass PointDowngradeNeutral -> Sell$34.00MediumView Rating Details
2/16/2017MacquarieReiterated RatingOutperformN/AView Rating Details
2/7/2017Daiwa Capital MarketsUpgradeHold -> OutperformN/AView Rating Details
1/30/2017InstinetReiterated RatingBuy$49.00N/AView Rating Details
1/13/2017CLSAReiterated RatingBuy$54.00N/AView Rating Details
1/13/2017Barclays PLCReiterated RatingEqual Weight$48.00N/AView Rating Details
1/12/2017Stifel NicolausReiterated RatingSell -> buyN/AView Rating Details
1/11/2017Societe GeneraleUpgradeSell -> BuyN/AView Rating Details
1/10/2017Citigroup IncSet Price TargetNeutral$42.00N/AView Rating Details
1/4/2017Royal Bank of CanadaReiterated RatingBuy$50.00N/AView Rating Details
12/21/2016Atlantic SecuritiesUpgradeUnderweight -> Neutral$27.00 -> $44.00N/AView Rating Details
12/5/2016HSBC Holdings plcInitiated CoverageHold$42.00N/AView Rating Details
12/4/2016GuggenheimReiterated RatingBuyN/AView Rating Details
11/29/2016BMO Capital MarketsReiterated RatingBuyN/AView Rating Details
10/6/2016Sandler O'NeillDowngradeBuy -> Hold$33.00N/AView Rating Details
8/25/2016Buckingham ResearchUpgradeNeutral -> BuyN/AView Rating Details
8/17/2016ArgusBoost Price TargetBuy$32.00 -> $36.00N/AView Rating Details
7/22/2016NomuraReiterated RatingBuy$34.00N/AView Rating Details
7/21/2016UBS Group AGBoost Price TargetBuy$32.00 -> $34.00N/AView Rating Details
7/13/2016Berenberg BankInitiated CoverageHold$29.00N/AView Rating Details
7/12/2016Credit Suisse Group AGReiterated RatingHoldN/AView Rating Details
7/10/2016Wells Fargo & CoReiterated RatingNeutral -> HoldN/AView Rating Details
6/29/2016Bank of America CorpReiterated RatingBuy$32.00 -> $27.00N/AView Rating Details
4/18/2016Oppenheimer Holdings Inc.Reiterated RatingHoldN/AView Rating Details
4/19/2016JMP SecuritiesReiterated RatingOutperform$36.00N/AView Rating Details
4/19/2016Keefe, Bruyette & WoodsLower Price TargetMarket Perform$31.00 -> $30.00N/AView Rating Details
2/22/2016Goldman Sachs Group IncLower Price Target$31.00 -> $28.00N/AView Rating Details
2/16/2016Portales PartnersUpgradeUnderperform -> Sector PerformN/AView Rating Details
1/21/2016Susquehanna Bancshares IncLower Price TargetNeutral$30.00 -> $27.00N/AView Rating Details
1/14/2016Drexel HamiltonReiterated RatingBuy$45.00N/AView Rating Details
10/21/2015S&P Equity ResearchDowngradeBuy$48.00 -> $38.00N/AView Rating Details
8/31/2015Evercore ISIUpgradeHold -> Buy$41.00N/AView Rating Details
(Data available from 4/24/2015 forward)


Earnings History for Morgan Stanley (NYSE:MS)
Earnings by Quarter for Morgan Stanley (NYSE:MS)
Earnings History by Quarter for Morgan Stanley (NYSE:MS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/19/2017Q1 2017$0.90$1.00$9.29 billion$9.75 billionViewN/AView Earnings Details
1/17/2017Q416$0.65$0.81$8.51 billion$9.00 billionViewN/AView Earnings Details
10/19/2016Q316$0.63$0.80$8.17 billion$8.91 billionViewListenView Earnings Details
7/20/2016Q216$0.59$0.75$8.30 billion$8.91 billionViewListenView Earnings Details
4/18/2016Q116$0.46$0.55$8.52 billion$7.80 billionViewListenView Earnings Details
1/19/2016Q415$0.33$0.43$7.59 billion$7.70 billionViewListenView Earnings Details
10/19/2015Q315$0.64$0.34$8.54 billion$7.30 billionViewListenView Earnings Details
7/20/2015Q215$0.73$0.79$9.10 billion$9.56 billionViewListenView Earnings Details
4/20/2015Q115$0.79$0.85$9.16 billion$9.80 billionViewN/AView Earnings Details
1/20/2015Q414$0.47$0.39$8.17 billion$7.76 billionViewN/AView Earnings Details
10/17/2014Q314$0.54$0.65$8.16 billion$8.90 billionViewListenView Earnings Details
7/17/2014Q214$0.55$0.60$8.41 million$8.50 millionViewN/AView Earnings Details
4/17/2014Q114$0.60$0.68$8.52 billion$8.93 billionViewN/AView Earnings Details
1/17/2014Q413$0.47$0.20$8.04 billion$7.80 millionViewN/AView Earnings Details
10/18/2013Q313$0.48$0.50$7.76 billion$8.10 billionViewN/AView Earnings Details
7/18/2013Q2 2013$0.44$0.37$7.93 billion$8.30 billionViewN/AView Earnings Details
4/18/2013Q1 2013$0.57$0.61$8.34 billion$8.50 billionViewN/AView Earnings Details
1/18/2013Q4 2012$0.27$0.45$7.02 billion$7.00 billionViewN/AView Earnings Details
10/18/2012$0.25$0.28ViewN/AView Earnings Details
7/19/2012$0.33$0.28ViewN/AView Earnings Details
4/19/2012$0.43($0.05)ViewN/AView Earnings Details
1/19/2012($0.62)($0.14)ViewN/AView Earnings Details
10/19/2011$0.32$1.14ViewN/AView Earnings Details
7/21/2011($0.65)($0.38)ViewN/AView Earnings Details
4/21/2011$0.34$0.50ViewN/AView Earnings Details
1/20/2011$0.35$0.43ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Morgan Stanley (NYSE:MS)
2017 EPS Consensus Estimate: $3.45
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.88$0.88$0.88
Q2 20171$0.89$0.89$0.89
Q3 20171$0.88$0.88$0.88
Q4 20171$0.80$0.80$0.80
(Data provided by Zacks Investment Research)


Current Dividend Information for Morgan Stanley (NYSE:MS)
Next Dividend:5/15/2017
Annual Dividend:$0.80
Dividend Yield:1.84%
Dividend Growth:51.80% (3 Year Average)
Payout Ratio:27.40% (Trailing 12 Months of Earnings)
22.99% (Based on This Year's Estimates)
20.25% (Based on Next Year's Estimates)
Track Record:3 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Morgan Stanley (NYSE:MS)

Dividend History by Quarter for Morgan Stanley (NYSE:MS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Morgan Stanley (NYSE:MS)
Insider Ownership Percentage: 0.35%
Institutional Ownership Percentage: 85.87%
Insider Trades by Quarter for Morgan Stanley (NYSE:MS)
Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)
Insider Trades by Quarter for Morgan Stanley (NYSE:MS)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/14/2017Paul C WirthCFOSell12,481$46.04$574,625.24View SEC Filing  
2/8/2017Thomas Colm KelleherPresidentSell182,027$43.82$7,976,423.14View SEC Filing  
1/26/2017Paul C WirthCFOSell10,000$44.25$442,500.00View SEC Filing  
1/19/2017Eric F GrossmanInsiderSell17,562$42.14$740,062.68View SEC Filing  
1/19/2017James P GormanChairmanSell284,827$42.30$12,048,182.10View SEC Filing  
12/1/2016Daniel A SimkowitzInsiderSell121,351$42.05$5,102,809.55View SEC Filing  
11/30/2016James P GormanChairmanSell100,000$41.38$4,138,000.00View SEC Filing  
11/18/2016James A RosenthalCOOSell111,200$40.34$4,485,808.00View SEC Filing  
11/11/2016Eric F GrossmanInsiderSell60,675$37.84$2,295,942.00View SEC Filing  
11/11/2016James P GormanChairmanSell200,000$37.70$7,540,000.00View SEC Filing  
11/10/2016Daniel A SimkowitzInsiderSell60,119$37.56$2,258,069.64View SEC Filing  
11/8/2016Jonathan PruzanCFOSell44,625$33.90$1,512,787.50View SEC Filing  
10/27/2016James A RosenthalCOOSell66,500$33.89$2,253,685.00View SEC Filing  
10/21/2016Eric F GrossmanInsiderSell220,400$33.22$7,321,688.00View SEC Filing  
10/20/2016James A RosenthalCOOSell189,000$32.85$6,208,650.00View SEC Filing  
10/20/2016Thomas Colm KelleherPresidentSell222,712$32.90$7,327,224.80View SEC Filing  
9/27/2016Stanley MorganMajor ShareholderSell357$23,750.00$8,478,750.00View SEC Filing  
8/30/2016Paul C WirthCFOSell18,929$31.70$600,049.30View SEC Filing  
8/17/2016Keishi HotsukiInsiderSell246,452$30.27$7,460,102.04View SEC Filing  
8/16/2016Paul C WirthCFOSell20,000$30.20$604,000.00View SEC Filing  
8/2/2016Donald T NicolaisenDirectorSell3,302$27.88$92,059.76View SEC Filing  
7/25/2016James A RosenthalCOOSell91,426$29.06$2,656,839.56View SEC Filing  
7/21/2016Jeffrey S BrodskyInsiderSell19,955$28.79$574,504.45View SEC Filing  
5/25/2016Eric F GrossmanInsiderSell24,952$28.21$703,895.92View SEC Filing  
2/26/2016James A RosenthalCOOSell50,000$25.13$1,256,500.00View SEC Filing  
5/26/2015Donald T NicolaisenDirectorSell4,160$37.77$157,123.20View SEC Filing  
5/11/2015Paul C WirthCFOSell39,462$38.37$1,514,156.94View SEC Filing  
4/29/2015Thomas Colm KelleherInsiderSell32,833$36.72$1,205,627.76View SEC Filing  
4/21/2015Eric F GrossmanInsiderSell34,481$37.10$1,279,245.10View SEC Filing  
4/21/2015James A RosenthalCOOSell50,030$37.10$1,856,113.00View SEC Filing  
1/23/2015Paul C WirthCFOSell21,500$35.45$762,175.00View SEC Filing  
11/26/2014Laura D TysonDirectorSell25,000$35.30$882,500.00View SEC Filing  
8/25/2014Eric F GrossmanInsiderSell54,500$34.29$1,868,805.00View SEC Filing  
8/25/2014Paul C WirthCFOSell10,000$34.44$344,400.00View SEC Filing  
7/23/2014Eric F GrossmanInsiderSell35,000$32.90$1,151,500.00View SEC Filing  
7/22/2014Gregory J FlemingInsiderSell100,000$33.02$3,302,000.00View SEC Filing  
7/18/2014James A RosenthalCOOSell30,800$32.50$1,001,000.00View SEC Filing  
5/9/2014Keishi HotsukiInsiderSell33,864$30.02$1,016,597.28View SEC Filing  
5/1/2014Howard DaviesDirectorSell12,000$31.17$374,040.00View SEC Filing  
2/12/2014James RosenthalCOOSell33,500$30.18$1,011,030.00View SEC Filing  
1/29/2014Thomas Colm KelleherInsiderSell8,500$30.16$256,360.00View SEC Filing  
11/15/2013Donald NicolaisenDirectorSell4,704$30.33$142,672.32View SEC Filing  
7/31/2013James A RosenthalCOOSell12,850$27.32$351,062.00View SEC Filing  
2/4/2013Thomas Colm KelleherInsiderSell58,555$22.87$1,339,152.85View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Morgan Stanley (NYSE:MS)
Latest Headlines for Morgan Stanley (NYSE:MS)
DateHeadline logoHP Enterprise says former Arconic CEO left its board - April 24 at 2:19 PM logoMorgan Stanley (MS) Upgraded to "Buy" at Zacks Investment Research - April 24 at 12:23 PM logoGroupon -3% as Morgan Stanley cuts to Underweight - April 24 at 10:18 AM logoOppenheimer Holdings Weighs in on Morgan Stanley's Q2 2017 Earnings (MS) - April 24 at 7:56 AM logoMorgan Stanley (MS) Getting Somewhat Favorable Press Coverage, Analysis Finds - April 23 at 11:06 PM logoMorgan Stanley (MS) Stock Rating Lowered by Vetr Inc. - April 22 at 7:46 PM logoMorgan Stanley's (MS) Buy Rating Reiterated at Rafferty Capital Markets - April 22 at 7:17 AM logoLosses for finance, health care companies send stocks lower - April 21 at 6:28 PM logoStock Market Roundup, April 21: French Election, Earnings Recap - April 21 at 6:28 PM logoOusted Arconic CEO resigns from board of Morgan Stanley - April 21 at 5:31 PM logoEmbattled Arconic ex-CEO Klaus Kleinfeld steps down from Morgan Stanley board - April 21 at 5:07 PM logoGalapagos announces closing of public offering of American Depositary Shares for gross proceeds of €363.9 million - April 21 at 4:22 PM logoMorgan Stanley (MS) Expected to Post Q3 2017 Earnings of $0.88 Per Share - April 21 at 11:49 AM logoMorgan Stanley sees a play in the Philippines casino market - April 21 at 10:25 AM logoMorgan Stanley Reaches Analyst Target Price - Nasdaq - April 20 at 11:46 PM logoRafferty Capital Markets Reiterates Buy Rating and $50 PT on Morgan Stanley (MS) Following 1Q EPS Beat; 'Meeting ... - - April 20 at 11:46 PM logoAnalysts' Actions -- Gap, Goldman Sachs, Morgan Stanley, Starbucks and More - - April 20 at 11:46 PM logoMorgan Stanley +2.2% after strong Q1 - Seeking Alpha - April 20 at 11:46 PM logoMorgan Stanley (MS) Beats on Q1 Earnings & Revenue Estimates - Yahoo Finance - April 20 at 11:46 PM
News IconMorgan Stanley - Business Insider - April 20 at 11:46 PM logoMorgan Stanley shares just did something interesting, and here's why one trader is buying it - CNBC - April 20 at 11:46 PM logoBuy Microsoft before earnings on rising cloud profitability, Morgan Stanley says - April 20 at 3:52 PM logoMorgan Stanley (MS) Raised to "Strong-Buy" at Vining Sparks - April 20 at 2:55 PM logo$9.21 Billion in Sales Expected for Morgan Stanley (MS) This Quarter - April 20 at 1:43 PM logoMorgan Stanley says this is why Tesla is building a commercial truck - April 20 at 1:10 PM logoNo Ordinary iPhone, No Ordinary Cycle: Morgan Stanley Says Consensus Estimate On iPhone 8 Falls Short - April 20 at 11:59 AM logoMorgan Stanley: Dover may rally after Q1 beat - April 20 at 10:23 AM logoQ1 Earnings Checklist Before the Market: MS, BLK, USB - April 20 at 9:58 AM logoToday's Research Reports on Stocks to Watch: International Business Machines and Morgan Stanley - April 20 at 9:58 AM logoMorgan Stanley (MS) Beats on Q1 Earnings & Revenue Estimates - April 19 at 11:41 PM logoMorgan Stanley (MS) Tops Q1 EPS by 12c - April 19 at 6:41 PM logoMorgan Stanley's (MS) CEO James Gorman on Q1 2017 Results - Earnings Call Transcript - April 19 at 6:41 PM logoMorgan Stanley: Doing What Goldman Couldn’t? - April 19 at 6:41 PM logoChange of fortune in bond trading boosts Morgan Stanley profit - April 19 at 6:41 PM logo[$$] Morgan Stanley: a stake in the opaque - April 19 at 6:41 PM logoMorgan Stanley Q1 beat boosts stock - April 19 at 6:41 PM logoStocks ended the trading session lower on Wednesday - April 19 at 6:41 PM logoThis is a good sign for the economy and market, noted investor David Katz says - April 19 at 6:41 PM logoUS stocks lose early gain as energy sector dives; IBM skids - April 19 at 3:43 PM logoOp-Ed: Morgan Stanley's stellar quarter just rubs Goldman's nose in its own stinky earnings - April 19 at 2:39 PM
News IconMorgan Stanley and Goldman Sachs are facing the same question — but for very different reasons - April 19 at 1:52 PM logoMarket Extra: U.K. snap election ‘virtually rules out’ staying in EU’s single market, says Morgan Stanley - April 19 at 1:25 PM logoTraders Buy Large Volume of Put Options on Morgan Stanley (MS) - April 19 at 12:27 PM logoSell-side mostly cheers Morgan Stanley's Q1 results - April 19 at 12:19 PM logoS&P, Nasdaq up as banks and techs gain; IBM dents Dow - Reuters - April 19 at 12:19 PM logoMarkets Right Now: Stocks move higher at midday - April 19 at 12:18 PM logoMorgan Stanley Makes CaseWhy Banks Can Go Higher - April 19 at 11:53 AM logoMid-Morning Market Update: Markets Mostly Higher; Morgan Stanley Beats Q1 Expectations - April 19 at 10:31 AM logoInvestors dig into Morgan Stanley's earnings beat, ponder IBM's revenue miss - April 19 at 10:28 AM logoMorgan Stanley Q1: Impressive - April 19 at 10:28 AM


Frequently Asked Questions for Morgan Stanley (NYSE:MS)

What is Morgan Stanley's stock symbol?

Morgan Stanley trades on the New York Stock Exchange (NYSE) under the ticker symbol "MS."

How often does Morgan Stanley pay dividends? What is the dividend yield for Morgan Stanley?

Morgan Stanley announced a quarterly dividend on Wednesday, April 19th. Stockholders of record on Monday, May 1st will be paid a dividend of $0.20 per share on Monday, May 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Thursday, April 27th.

How were Morgan Stanley's earnings last quarter?

Morgan Stanley (NYSE:MS) posted its earnings results on Wednesday, April, 19th. The company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.10. The business had revenue of $9.75 billion for the quarter, compared to analysts' expectations of $9.29 billion. Morgan Stanley had a net margin of 15.76% and a return on equity of 8.48%. The firm's revenue was up 25.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 earnings per share.

When will Morgan Stanley make its next earnings announcement?

Morgan Stanley is scheduled to release their next quarterly earnings announcement on Tuesday, July, 18th 2017.

Where is Morgan Stanley's stock going? Where will Morgan Stanley's stock price be in 2017?

27 brokers have issued 12 month price objectives for Morgan Stanley's shares. Their predictions range from $27.00 to $54.00. On average, they expect Morgan Stanley's stock price to reach $41.60 in the next twelve months.

Are investors shorting Morgan Stanley?

Morgan Stanley saw a decrease in short interest during the month of March. As of March 31st, there was short interest totalling 13,908,399 shares, a decrease of 31.0% from the March 15th total of 20,157,160 shares. Based on an average daily volume of 14,070,837 shares, the short-interest ratio is presently 1.0 days. Approximately 1.0% of the company's stock are sold short.

Who owns Morgan Stanley stock?

Morgan Stanley's stock is owned by many different of retail and institutional investors. Top institutional shareholders include WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST (0.45%), Focused Investors LLC (0.18%), Bank of Montreal Can (0.14%), Retirement Systems of Alabama (0.09%), Chevy Chase Trust Holdings Inc. (0.07%) and Atalanta Sosnoff Capital LLC (0.07%). Company insiders that own Morgan Stanley stock include Daniel A Simkowitz, Donald T Nicolaisen, Eric F Grossman, James A Rosenthal, James P Gorman, Jeffrey S Brodsky, Jonathan Pruzan, Keishi Hotsuki, Paul C Wirth, Stanley Morgan and Thomas Colm Kelleher.

Who sold Morgan Stanley stock? Who is selling Morgan Stanley stock?

Morgan Stanley's stock was sold by a variety of institutional investors in the last quarter, including WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST, Factory Mutual Insurance Co., Nationwide Fund Advisors, Boston Advisors LLC, Atalanta Sosnoff Capital LLC, Gateway Investment Advisers LLC, National Pension Service and Eastern Bank. Company insiders that have sold Morgan Stanley stock in the last year include Daniel A Simkowitz, Donald T Nicolaisen, Eric F Grossman, James A Rosenthal, James P Gorman, Jeffrey S Brodsky, Jonathan Pruzan, Keishi Hotsuki, Paul C Wirth, Stanley Morgan and Thomas Colm Kelleher.

Who bought Morgan Stanley stock? Who is buying Morgan Stanley stock?

Morgan Stanley's stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Douglas Lane & Associates LLC, Capstone Asset Management Co., LVM Capital Management Ltd. MI, Rathbone Brothers plc, Barometer Capital Management Inc., DnB Asset Management AS and Chevy Chase Trust Holdings Inc..

How do I buy Morgan Stanley stock?

Shares of Morgan Stanley can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Morgan Stanley stock cost?

One share of Morgan Stanley stock can currently be purchased for approximately $43.56.

Morgan Stanley (MS) Chart for Monday, April, 24, 2017

This page was last updated on 4/24/2017 by Staff