Morgan Stanley (NYSE:MS) – Research analysts at Oppenheimer upped their FY2018 earnings per share estimates for shares of Morgan Stanley in a research note issued on Tuesday, October 16th. Oppenheimer analyst C. Kotowski now forecasts that the financial services provider will earn $4.97 per share for the year, up from their previous estimate of $4.78. Oppenheimer currently has a “Outperform” rating and a $62.00 target price on the stock. Oppenheimer also issued estimates for Morgan Stanley’s Q3 2019 earnings at $1.25 EPS and FY2019 earnings at $5.17 EPS.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results 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 business had revenue of $9.87 billion for the quarter, compared to analyst estimates of $9.55 billion. Morgan Stanley had a net margin of 15.93% and a return on equity of 12.53%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.93 earnings per share.
MS has been the topic of several other reports. Sanford C. Bernstein upgraded shares of Morgan Stanley from an “underperform” rating to a “market perform” rating and set a $51.00 price target on the stock in a research report on Wednesday, July 18th. UBS Group upgraded shares of Morgan Stanley from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 16th. Vining Sparks reiterated a “buy” rating and issued a $60.00 price target on shares of Morgan Stanley in a research report on Tuesday, October 16th. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Tuesday, July 24th. Finally, HSBC lowered shares of 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’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $58.53.
MS stock opened at $46.42 on Friday. The company has a market capitalization of $80.31 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 0.79 and a beta of 1.42. Morgan Stanley has a 12 month low of $42.88 and a 12 month high of $59.38. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 2.67.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Tuesday, October 30th. Morgan Stanley’s payout ratio is 33.33%.
Morgan Stanley declared that its board has authorized a share buyback program on Thursday, June 28th that authorizes the company to buyback $4.70 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 5.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
In related news, major shareholder Stanley Morgan sold 327 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $23,000.00, for a total transaction of $7,521,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.19% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in MS. CSat Investment Advisory L.P. purchased a new position in Morgan Stanley during the second quarter worth approximately $102,000. Mount Yale Investment Advisors LLC purchased a new position in Morgan Stanley during the first quarter worth approximately $109,000. First Mercantile Trust Co. purchased a new position in Morgan Stanley during the second quarter worth approximately $112,000. Rainier Group Investment Advisory LLC purchased a new position in Morgan Stanley during the first quarter worth approximately $119,000. Finally, Landaas & Co. WI ADV purchased a new position in Morgan Stanley during the second quarter worth approximately $119,000. 84.53% of the stock is currently owned by institutional investors and hedge funds.
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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