Morgan Stanley (NYSE:MS – Get Rating) – Equities research analysts at Zacks Research lowered their Q2 2023 earnings per share (EPS) estimates for shares of Morgan Stanley in a research note issued to investors on Wednesday, June 21st. Zacks Research analyst S. Shah now anticipates that the financial services provider will post earnings of $1.50 per share for the quarter, down from their prior estimate of $1.53. The consensus estimate for Morgan Stanley’s current full-year earnings is $6.50 per share. Zacks Research also issued estimates for Morgan Stanley’s Q3 2023 earnings at $1.47 EPS, Q4 2023 earnings at $1.41 EPS, FY2023 earnings at $6.09 EPS, Q1 2024 earnings at $1.80 EPS, Q2 2024 earnings at $1.73 EPS, Q3 2024 earnings at $1.77 EPS, FY2024 earnings at $7.12 EPS, Q1 2025 earnings at $1.88 EPS and FY2025 earnings at $8.09 EPS.
Morgan Stanley (NYSE:MS – Get Rating) last released its quarterly earnings results on Wednesday, April 19th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.03. The business had revenue of $14.52 billion during the quarter, compared to the consensus estimate of $13.96 billion. Morgan Stanley had a return on equity of 11.35% and a net margin of 14.12%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.06 EPS.
Morgan Stanley Price Performance
Shares of NYSE MS opened at $83.58 on Friday. Morgan Stanley has a twelve month low of $72.05 and a twelve month high of $100.99. The stock’s 50 day moving average price is $85.69 and its 200-day moving average price is $89.28. The company has a market capitalization of $139.59 billion, a PE ratio of 14.36, a PEG ratio of 1.88 and a beta of 1.35. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.68.
Institutional Trading of Morgan Stanley
A number of institutional investors have recently modified their holdings of MS. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Morgan Stanley during the fourth quarter worth about $26,000. Chelsea Counsel Co. bought a new position in Morgan Stanley in the fourth quarter worth about $26,000. Arlington Partners LLC raised its stake in Morgan Stanley by 1,611.8% in the first quarter. Arlington Partners LLC now owns 291 shares of the financial services provider’s stock worth $26,000 after buying an additional 274 shares in the last quarter. Horizon Bancorp Inc. IN bought a new position in Morgan Stanley in the first quarter worth about $26,000. Finally, Accurate Wealth Management LLC bought a new position in Morgan Stanley in the fourth quarter worth about $28,000. 84.48% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Morgan Stanley
In related news, Director Thomas H. Glocer sold 4,535 shares of the stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $87.11, for a total value of $395,043.85. Following the transaction, the director now owns 98,110 shares of the company’s stock, valued at $8,546,362.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Morgan Stanley news, major shareholder Stanley Morgan sold 1,049,889 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $9.45, for a total transaction of $9,921,451.05. Following the completion of the sale, the insider now directly owns 8,456,881 shares in the company, valued at $79,917,525.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas H. Glocer sold 4,535 shares of the stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $87.11, for a total transaction of $395,043.85. Following the sale, the director now owns 98,110 shares of the company’s stock, valued at $8,546,362.10. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.
Morgan Stanley Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were paid a $0.775 dividend. The ex-dividend date was Friday, April 28th. This represents a $3.10 dividend on an annualized basis and a yield of 3.71%. Morgan Stanley’s dividend payout ratio is presently 53.26%.
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.
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