Q3 2024 EPS Estimates for Morgan Stanley Reduced by Analyst (NYSE:MS)

Morgan Stanley (NYSE:MS) – Research analysts at Seaport Res Ptn dropped their Q3 2024 earnings per share (EPS) estimates for Morgan Stanley in a report issued on Thursday, October 3rd. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will post earnings per share of $1.61 for the quarter, down from their previous forecast of $1.64. The consensus estimate for Morgan Stanley’s current full-year earnings is $7.03 per share. Seaport Res Ptn also issued estimates for Morgan Stanley’s Q4 2024 earnings at $1.50 EPS, FY2024 earnings at $6.95 EPS and Q4 2025 earnings at $1.76 EPS.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.17. Morgan Stanley had a return on equity of 11.85% and a net margin of 10.17%. The company had revenue of $15.02 billion for the quarter, compared to analysts’ expectations of $14.32 billion. During the same period last year, the firm earned $1.24 earnings per share. Morgan Stanley’s quarterly revenue was up 11.6% on a year-over-year basis.

Other equities analysts have also recently issued research reports about the company. Citigroup boosted their target price on Morgan Stanley from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th. BMO Capital Markets boosted their target price on Morgan Stanley from $116.00 to $118.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Royal Bank of Canada upped their price target on Morgan Stanley from $91.00 to $108.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 17th. Barclays upped their price target on Morgan Stanley from $116.00 to $121.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Finally, Hsbc Global Res raised Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $102.68.

Morgan Stanley Stock Up 3.2 %

MS opened at $107.88 on Monday. The business’s 50-day simple moving average is $100.31 and its 200-day simple moving average is $97.98. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.78 and a current ratio of 0.78. Morgan Stanley has a one year low of $69.42 and a one year high of $109.11. The stock has a market capitalization of $175.32 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.05 and a beta of 1.36.

Institutional Investors Weigh In On Morgan Stanley

Several hedge funds have recently modified their holdings of MS. Opal Wealth Advisors LLC acquired a new position in Morgan Stanley during the 2nd quarter worth about $25,000. POM Investment Strategies LLC lifted its holdings in Morgan Stanley by 1,147.6% during the 2nd quarter. POM Investment Strategies LLC now owns 262 shares of the financial services provider’s stock worth $25,000 after buying an additional 241 shares during the period. Bank & Trust Co acquired a new position in Morgan Stanley during the 2nd quarter worth about $26,000. University of Texas Texas AM Investment Managment Co. acquired a new position in Morgan Stanley during the 4th quarter worth about $25,000. Finally, Bbjs Financial Advisors LLC acquired a new position in Morgan Stanley during the 2nd quarter worth about $29,000. Institutional investors and hedge funds own 84.19% of the company’s stock.

Insiders Place Their Bets

In other Morgan Stanley news, insider Daniel A. Simkowitz sold 40,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $106.54, for a total transaction of $4,261,600.00. Following the transaction, the insider now owns 442,522 shares in the company, valued at $47,146,293.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Morgan Stanley news, insider Daniel A. Simkowitz sold 40,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $106.54, for a total value of $4,261,600.00. Following the sale, the insider now owns 442,522 shares of the company’s stock, valued at approximately $47,146,293.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert H. Herz sold 1,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $106.62, for a total value of $106,620.00. Following the completion of the sale, the director now directly owns 95,908 shares in the company, valued at approximately $10,225,710.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 252,000 shares of company stock worth $26,546,370 in the last 90 days. Company insiders own 0.24% of the company’s stock.

Morgan Stanley Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were paid a dividend of $0.925 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.43%. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.85. Morgan Stanley’s dividend payout ratio (DPR) is 67.40%.

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.