Morgan Stanley (NYSE:MS) – Research analysts at Oppenheimer reduced their FY2019 EPS estimates for shares of Morgan Stanley in a report issued on Sunday, December 2nd. Oppenheimer analyst C. Kotowski now forecasts that the financial services provider will earn $5.16 per share for the year, down from their prior estimate of $5.17. Oppenheimer has a “Outperform” rating and a $62.00 price target on the stock.
MS has been the topic of a number of other reports. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Monday, November 26th. UBS Group raised Morgan Stanley from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 16th. Vining Sparks reissued a “buy” rating and issued a $60.00 price objective on shares of Morgan Stanley in a research note on Tuesday, October 16th. HSBC downgraded Morgan Stanley from a “buy” rating to a “hold” rating and set a $54.00 price objective on the stock. in a research note on Tuesday, October 2nd. Finally, Wells Fargo & Co raised Morgan Stanley from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $56.00 to $60.00 in a research note on Wednesday, October 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $58.53.
Shares of NYSE:MS opened at $42.61 on Wednesday. The stock has a market capitalization of $74.17 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 0.74 and a beta of 1.25. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.80 and a current ratio of 0.80. Morgan Stanley has a 1 year low of $40.98 and a 1 year high of $59.38.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.16. The company had revenue of $9.87 billion for the quarter, compared to the consensus estimate of $9.55 billion. Morgan Stanley had a return on equity of 12.51% and a net margin of 15.93%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 EPS.
Institutional investors and hedge funds have recently modified their holdings of the business. CSat Investment Advisory L.P. bought a new stake in Morgan Stanley during the 2nd quarter worth approximately $102,000. Girard Partners LTD. bought a new stake in Morgan Stanley during the 3rd quarter worth approximately $115,000. Landaas & Co. WI ADV bought a new stake in Morgan Stanley during the 2nd quarter worth approximately $119,000. Harvest Fund Management Co. Ltd increased its holdings in Morgan Stanley by 108.8% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,815 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 1,467 shares in the last quarter. Finally, Honkamp Krueger Financial Services Inc. bought a new stake in Morgan Stanley during the 3rd quarter worth approximately $157,000. 85.08% of the stock is owned by hedge funds and other institutional investors.
In related news, major shareholder Stanley Morgan sold 327 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $23,000.00, for a total value of $7,521,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.19% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Wednesday, October 31st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Tuesday, October 30th. Morgan Stanley’s payout ratio is 33.33%.
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. The company operates Institutional Securities, Wealth Management, and Investment Management segments.
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