Q3 2024 EPS Estimates for Morgan Stanley Increased by Seaport Res Ptn (NYSE:MS)

Morgan Stanley (NYSE:MS) – Equities research analysts at Seaport Res Ptn increased their Q3 2024 EPS estimates for Morgan Stanley in a research report issued on Tuesday, July 2nd. Seaport Res Ptn analyst J. Mitchell now expects that the financial services provider will earn $1.59 per share for the quarter, up from their prior estimate of $1.57. The consensus estimate for Morgan Stanley’s current full-year earnings is $6.80 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.

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

MS has been the topic of a number of other reports. Oppenheimer upped their target price on shares of Morgan Stanley from $101.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Cfra boosted their price target on shares of Morgan Stanley from $97.00 to $108.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $91.00 price target on shares of Morgan Stanley in a research note on Wednesday, March 27th. HSBC boosted their price target on shares of Morgan Stanley from $100.00 to $102.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Finally, BMO Capital Markets upped their target price on shares of Morgan Stanley from $115.00 to $118.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Morgan Stanley has a consensus rating of “Hold” and an average target price of $98.30.

Morgan Stanley Price Performance

Shares of MS stock opened at $99.65 on Wednesday. Morgan Stanley has a 1 year low of $69.42 and a 1 year high of $103.25. The firm’s 50 day moving average is $96.75 and its 200-day moving average is $91.86. The firm has a market capitalization of $161.95 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 1.19 and a beta of 1.38. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.97.

Morgan Stanley Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date was Monday, April 29th. Morgan Stanley’s dividend payout ratio is currently 61.93%.

Insider Buying and Selling at Morgan Stanley

In other Morgan Stanley news, insider Charles Aubrey Smith III sold 11,200 shares of the stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $90.09, for a total value of $1,009,008.00. Following the completion of the sale, the insider now owns 126,190 shares in the company, valued at $11,368,457.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Mandell Crawley sold 6,954 shares of the 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 transaction, the insider now directly owns 46,274 shares of the company’s stock, valued at $4,609,353.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles Aubrey Smith III sold 11,200 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $90.09, for a total transaction of $1,009,008.00. Following the transaction, the insider now directly owns 126,190 shares in the company, valued at $11,368,457.10. The disclosure for this sale can be found here. Insiders sold a total of 118,154 shares of company stock worth $10,722,696 over the last quarter. 0.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Morgan Stanley

A number of hedge funds have recently made changes to their positions in the stock. CGC Financial Services LLC lifted its position in shares of Morgan Stanley by 5,200.0% in the 4th quarter. CGC Financial Services LLC now owns 265 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 260 shares during the period. University of Texas Texas AM Investment Managment Co. bought a new stake in shares of Morgan Stanley in the 4th quarter valued at $25,000. First United Bank & Trust bought a new stake in Morgan Stanley during the 4th quarter valued at $34,000. VisionPoint Advisory Group LLC increased its stake in Morgan Stanley by 123.2% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 442 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 244 shares in the last quarter. Finally, Union Savings Bank increased its stake in Morgan Stanley by 62.5% during the 4th quarter. Union Savings Bank now owns 390 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 150 shares in the last quarter. 84.19% 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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.