Morgan Stanley (NYSE:MS) – Stock analysts at Oppenheimer upped their Q4 2018 earnings per share estimates for shares of Morgan Stanley in a report issued on Tuesday, October 16th. Oppenheimer analyst C. Kotowski now expects that the financial services provider will earn $1.04 per share for the quarter, up from their previous forecast of $0.98. Oppenheimer currently has a “Outperform” rating and a $62.00 price target on the stock. Oppenheimer also issued estimates for Morgan Stanley’s Q1 2019 earnings at $1.47 EPS, Q2 2019 earnings at $1.33 EPS and Q4 2019 earnings at $1.11 EPS.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.01 by $0.16. The firm had revenue of $9.87 billion for the quarter, compared to analyst estimates of $9.55 billion. Morgan Stanley had a return on equity of 12.04% and a net margin of 15.84%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.93 EPS.
MS has been the topic of several other reports. Zacks Investment Research lowered Morgan Stanley from a “buy” rating to a “hold” rating in a research report on Thursday, June 21st. Sanford C. Bernstein upgraded Morgan Stanley from an “underperform” rating to a “market perform” rating and set a $51.00 price objective on the stock in a research report on Wednesday, July 18th. UBS Group upgraded Morgan Stanley from a “market perform” rating to an “outperform” rating in a research report on Tuesday. Cfra restated a “buy” rating and set a $65.00 price target on shares of Morgan Stanley in a research report on Thursday, June 21st. Finally, HSBC lowered Morgan Stanley from a “buy” rating to a “hold” rating and set a $54.00 price target on the stock. in a research report on Tuesday, October 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $58.53.
Shares of Morgan Stanley stock opened at $46.03 on Thursday. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $81.25 billion, a PE ratio of 13.16, a PEG ratio of 0.83 and a beta of 1.42. Morgan Stanley has a 12 month low of $42.88 and a 12 month high of $59.38.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MS. CSat Investment Advisory L.P. purchased a new stake in Morgan Stanley in the 2nd quarter worth approximately $102,000. Mount Yale Investment Advisors LLC purchased a new stake in Morgan Stanley in the 1st quarter worth approximately $109,000. First Mercantile Trust Co. purchased a new stake in Morgan Stanley in the 2nd quarter worth approximately $112,000. Rainier Group Investment Advisory LLC purchased a new stake in Morgan Stanley in the 1st quarter worth approximately $119,000. Finally, Landaas & Co. WI ADV purchased a new stake in Morgan Stanley in the 2nd quarter worth approximately $119,000. Institutional investors and hedge funds own 84.44% of the company’s stock.
In related news, major shareholder Stanley Morgan sold 327 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $23,000.00, for a total transaction of $7,521,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is owned by company insiders.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $1.20 annualized dividend and a yield of 2.61%. Morgan Stanley’s payout ratio is 33.33%.
Morgan Stanley declared that its board has approved a share buyback plan on Thursday, June 28th that permits the company to repurchase $4.70 billion in shares. This repurchase authorization permits the financial services provider to buy up to 5.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
About Morgan Stanley
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. The company operates through three segments: Institutional Securities, Wealth Management, and Investment Management.
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