Q2 2024 EPS Estimates for Morgan Stanley (NYSE:MS) Increased by Analyst

Morgan Stanley (NYSE:MS) – Seaport Res Ptn upped their Q2 2024 earnings per share (EPS) estimates for Morgan Stanley in a research report issued on Tuesday, July 2nd. Seaport Res Ptn analyst J. Mitchell now expects that the financial services provider will earn $1.65 per share for the quarter, up from their previous forecast of $1.54. The consensus estimate for Morgan Stanley’s current full-year earnings is $6.80 per share. Seaport Res Ptn also issued estimates for Morgan Stanley’s Q4 2024 earnings at $1.49 EPS and Q2 2025 earnings at $1.83 EPS.

Several other equities research analysts also recently commented on the company. Evercore ISI upped their target price on Morgan Stanley from $102.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday. Bank of America increased their price objective on Morgan Stanley from $100.00 to $106.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. JMP Securities reissued a “market perform” rating on shares of Morgan Stanley in a research note on Thursday, April 18th. Oppenheimer increased their price objective on Morgan Stanley from $101.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Finally, TheStreet raised Morgan Stanley from a “c+” rating to a “b” rating in a research note on Wednesday, March 6th. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $98.48.

Morgan Stanley Trading Up 0.5 %

Shares of NYSE MS opened at $100.12 on Thursday. Morgan Stanley has a 12 month low of $69.42 and a 12 month high of $103.25. The company has a market cap of $162.71 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 1.19 and a beta of 1.38. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.97. The business has a fifty day simple moving average of $96.87 and a 200-day simple moving average of $91.92.

Morgan Stanley (NYSE:MS) last announced its earnings results on Tuesday, April 16th. The financial services provider reported $2.02 EPS for the quarter, beating the consensus estimate of $1.69 by $0.33. Morgan Stanley had a return on equity of 10.88% and a net margin of 9.57%. The business had revenue of $15.14 billion during the quarter, compared to the consensus estimate of $14.42 billion. During the same period in the prior year, the business posted $1.70 earnings per share. Morgan Stanley’s revenue was up 4.3% compared to the same quarter last year.

Morgan Stanley Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a $0.85 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.40%. Morgan Stanley’s dividend payout ratio is currently 61.93%.

Insiders Place Their Bets

In related news, insider Mandell Crawley sold 6,954 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $99.61, for a total transaction of $692,687.94. Following the completion of the transaction, the insider now owns 46,274 shares in the company, valued at approximately $4,609,353.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Mandell Crawley sold 6,954 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $99.61, for a total transaction of $692,687.94. Following the completion of the transaction, the insider now owns 46,274 shares in the company, valued at approximately $4,609,353.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Charles Aubrey Smith III sold 11,200 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $90.09, for a total value of $1,009,008.00. Following the transaction, the insider now owns 126,190 shares of the company’s stock, valued at approximately $11,368,457.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 118,154 shares of company stock worth $10,722,696. 0.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Morgan Stanley

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CGC Financial Services LLC increased its stake in shares of Morgan Stanley by 5,200.0% in the 4th quarter. CGC Financial Services LLC now owns 265 shares of the financial services provider’s stock valued at $25,000 after buying an additional 260 shares during the period. University of Texas Texas AM Investment Managment Co. acquired a new stake in shares of Morgan Stanley in the 4th quarter valued at $25,000. First United Bank & Trust acquired a new stake in shares of Morgan Stanley in the 4th quarter valued at $34,000. VisionPoint Advisory Group LLC increased its stake in shares of Morgan Stanley by 123.2% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 442 shares of the financial services provider’s stock valued at $36,000 after buying an additional 244 shares during the period. Finally, Union Savings Bank increased its stake in shares of Morgan Stanley by 62.5% in the 4th quarter. Union Savings Bank now owns 390 shares of the financial services provider’s stock valued at $36,000 after buying an additional 150 shares during the period. 84.19% of the stock is owned by institutional investors and hedge funds.

Morgan Stanley Company Profile

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. It operates through Institutional Securities, Wealth Management, and Investment Management segments.