Morgan Stanley Forecasted to Earn Q3 2024 Earnings of $1.59 Per Share (NYSE:MS)

Morgan Stanley (NYSE:MS) – Research analysts at Seaport Res Ptn boosted their Q3 2024 earnings estimates for Morgan Stanley in a research note issued to investors on Tuesday, July 2nd. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will earn $1.59 per share for the quarter, up from their previous forecast of $1.57. The consensus estimate for Morgan Stanley’s current full-year earnings is $6.82 per share. Seaport Res Ptn also issued estimates for Morgan Stanley’s FY2024 earnings at $6.75 EPS, Q1 2025 earnings at $2.01 EPS, Q3 2025 earnings at $1.81 EPS, Q4 2025 earnings at $1.74 EPS and FY2025 earnings at $7.40 EPS.

Several other research analysts have also recently weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $91.00 price target on shares of Morgan Stanley in a report on Wednesday, March 27th. Evercore ISI increased their target price on shares of Morgan Stanley from $102.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday. Oppenheimer lifted their price objective on shares of Morgan Stanley from $101.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Jefferies Financial Group lifted their price objective on shares of Morgan Stanley from $107.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Morgan Stanley from $94.00 to $98.00 and gave the company a “market perform” rating in a research report on Wednesday, April 17th. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Morgan Stanley currently has a consensus rating of “Hold” and an average price target of $98.48.

Morgan Stanley Stock Up 0.6 %

Morgan Stanley stock opened at $100.20 on Wednesday. The stock has a market capitalization of $162.84 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 1.22 and a beta of 1.38. Morgan Stanley has a twelve month low of $69.42 and a twelve month high of $103.25. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.97. The company has a 50 day moving average of $96.99 and a 200-day moving average of $91.98.

Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.33. The company had revenue of $15.14 billion during the quarter, compared to analysts’ expectations of $14.42 billion. Morgan Stanley had a net margin of 9.57% and a return on equity of 10.88%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.70 earnings per share.

Morgan Stanley Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 3.39%. The ex-dividend date was Monday, April 29th. Morgan Stanley’s dividend payout ratio (DPR) is 61.93%.

Insiders Place Their Bets

In other Morgan Stanley news, insider Mandell Crawley sold 6,954 shares of Morgan Stanley stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $99.61, for a total value of $692,687.94. Following the completion of the sale, the insider now owns 46,274 shares in the company, valued at approximately $4,609,353.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman James P. Gorman sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $90.21, for a total value of $9,021,000.00. Following the completion of the transaction, the chairman now directly owns 414,870 shares in the company, valued at approximately $37,425,422.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mandell Crawley sold 6,954 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $99.61, for a total transaction of $692,687.94. Following the completion of the transaction, the insider now owns 46,274 shares of the company’s stock, valued at $4,609,353.14. The disclosure for this sale can be found here. Insiders sold 118,154 shares of company stock worth $10,722,696 in the last quarter. 0.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Morgan Stanley

Hedge funds and other institutional investors have recently made changes to their positions in the company. Institute for Wealth Management LLC. grew its holdings in shares of Morgan Stanley by 3.6% during the 4th quarter. Institute for Wealth Management LLC. now owns 17,578 shares of the financial services provider’s stock valued at $1,639,000 after purchasing an additional 618 shares during the last quarter. Atalanta Sosnoff Capital LLC grew its holdings in shares of Morgan Stanley by 8.1% during the 4th quarter. Atalanta Sosnoff Capital LLC now owns 373,686 shares of the financial services provider’s stock valued at $34,846,000 after purchasing an additional 27,845 shares during the last quarter. Hartford Financial Management Inc. grew its holdings in shares of Morgan Stanley by 17.9% during the 4th quarter. Hartford Financial Management Inc. now owns 917 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 139 shares during the last quarter. Evercore Wealth Management LLC grew its holdings in shares of Morgan Stanley by 4.0% during the 4th quarter. Evercore Wealth Management LLC now owns 1,274,605 shares of the financial services provider’s stock valued at $118,857,000 after purchasing an additional 48,812 shares during the last quarter. Finally, Avior Wealth Management LLC grew its holdings in shares of Morgan Stanley by 2.5% during the 4th quarter. Avior Wealth Management LLC now owns 6,600 shares of the financial services provider’s stock valued at $615,000 after purchasing an additional 163 shares during the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.

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.