Morgan Stanley (NYSE:MS – Get Rating) – Research analysts at Jefferies Financial Group decreased their Q2 2023 earnings per share (EPS) estimates for Morgan Stanley in a report issued on Tuesday, April 11th. Jefferies Financial Group analyst D. Fannon now forecasts that the financial services provider will post earnings of $1.73 per share for the quarter, down from their prior estimate of $1.90. The consensus estimate for Morgan Stanley’s current full-year earnings is $7.05 per share. Jefferies Financial Group also issued estimates for Morgan Stanley’s Q2 2024 earnings at $1.99 EPS and Q3 2024 earnings at $1.93 EPS.
Morgan Stanley (NYSE:MS – Get Rating) last announced its quarterly earnings results on Tuesday, January 17th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.06. Morgan Stanley had a return on equity of 12.06% and a net margin of 16.73%. The company had revenue of $12.75 billion during the quarter, compared to the consensus estimate of $12.16 billion.
Morgan Stanley Trading Up 0.4 %
Shares of NYSE:MS opened at $85.47 on Wednesday. The company has a market capitalization of $143.76 billion, a PE ratio of 13.92, a PEG ratio of 1.49 and a beta of 1.34. Morgan Stanley has a 12-month low of $72.05 and a 12-month high of $100.99. The business has a 50 day moving average of $92.52 and a two-hundred day moving average of $88.74. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 2.57.
Morgan Stanley Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Tuesday, January 31st were paid a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Monday, January 30th. Morgan Stanley’s dividend payout ratio (DPR) is currently 50.49%.
Insiders Place Their Bets
In other Morgan Stanley news, insider Daniel A. Simkowitz sold 44,910 shares of the business’s stock in a transaction on Wednesday, January 18th. The stock was sold at an average price of $97.05, for a total transaction of $4,358,515.50. Following the transaction, the insider now owns 348,531 shares of the company’s stock, valued at $33,824,933.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Daniel A. Simkowitz sold 15,133 shares of the company’s stock in a transaction on Monday, January 30th. The stock was sold at an average price of $96.20, for a total value of $1,455,794.60. Following the transaction, the insider now owns 323,398 shares of the company’s stock, valued at approximately $31,110,887.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Daniel A. Simkowitz sold 44,910 shares of the company’s stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $97.05, for a total value of $4,358,515.50. Following the completion of the transaction, the insider now directly owns 348,531 shares in the company, valued at approximately $33,824,933.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 341,699 shares of company stock valued at $33,143,046. Insiders own 0.26% of the company’s stock.
Hedge Funds Weigh In On Morgan Stanley
Several large investors have recently modified their holdings of the business. Moisand Fitzgerald Tamayo LLC lifted its stake in Morgan Stanley by 103.2% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 315 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 160 shares in the last quarter. McElhenny Sheffield Capital Management LLC acquired a new position in Morgan Stanley during the 4th quarter worth about $26,000. Chelsea Counsel Co. acquired a new position in Morgan Stanley during the 4th quarter worth about $26,000. SJS Investment Consulting Inc. acquired a new position in Morgan Stanley during the 3rd quarter worth about $27,000. Finally, Accurate Wealth Management LLC acquired a new position in Morgan Stanley during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 83.48% of the company’s stock.
Morgan Stanley Company Profile
Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following segments: Institutional Securities, Wealth Management, and Investment Management.
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