Seaport Res Ptn Forecasts Morgan Stanley FY2024 Earnings

Morgan Stanley (NYSE:MS) – Equities research analysts at Seaport Res Ptn upped their FY2024 earnings per share (EPS) estimates for Morgan Stanley in a note issued to investors on Tuesday, January 7th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will earn $7.43 per share for the year, up from their previous estimate of $7.35. The consensus estimate for Morgan Stanley’s current full-year earnings is $7.33 per share. Seaport Res Ptn also issued estimates for Morgan Stanley’s Q4 2024 earnings at $1.70 EPS, Q2 2025 earnings at $2.04 EPS, Q3 2025 earnings at $1.96 EPS, Q4 2025 earnings at $1.95 EPS, FY2025 earnings at $8.05 EPS and FY2026 earnings at $9.10 EPS.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group boosted their price target on shares of Morgan Stanley from $106.00 to $121.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. UBS Group increased their target price on Morgan Stanley from $102.00 to $112.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Hsbc Global Res downgraded Morgan Stanley from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods increased their price objective on Morgan Stanley from $121.00 to $138.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada lifted their target price on Morgan Stanley from $108.00 to $122.00 and gave the company a “sector perform” rating in a research note on Thursday, October 17th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Morgan Stanley has an average rating of “Hold” and a consensus price target of $125.80.

Morgan Stanley Price Performance

MS stock opened at $123.41 on Friday. Morgan Stanley has a one year low of $83.09 and a one year high of $136.24. The firm has a 50-day moving average of $128.45 and a two-hundred day moving average of $112.42. The firm has a market capitalization of $198.82 billion, a PE ratio of 18.78, a P/E/G ratio of 1.18 and a beta of 1.35. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 3.14.

Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.31. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. The company had revenue of $15.38 billion for the quarter, compared to analyst estimates of $14.27 billion.

Morgan Stanley Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.925 per share. The ex-dividend date was Thursday, October 31st. This represents a $3.70 annualized dividend and a dividend yield of 3.00%. Morgan Stanley’s dividend payout ratio (DPR) is presently 56.32%.

Insider Activity

In related news, Director Stephen J. Luczo sold 60,000 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $119.17, for a total value of $7,150,200.00. Following the transaction, the director now directly owns 138,363 shares in the company, valued at approximately $16,488,718.71. This trade represents a 30.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Morgan Stanley

A number of hedge funds have recently bought and sold shares of MS. Graypoint LLC raised its stake in Morgan Stanley by 6.4% during the 4th quarter. Graypoint LLC now owns 7,057 shares of the financial services provider’s stock valued at $887,000 after purchasing an additional 424 shares during the last quarter. HBW Advisory Services LLC lifted its stake in shares of Morgan Stanley by 14.7% in the fourth quarter. HBW Advisory Services LLC now owns 2,470 shares of the financial services provider’s stock valued at $311,000 after buying an additional 317 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Morgan Stanley by 2.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 28,075 shares of the financial services provider’s stock valued at $3,530,000 after buying an additional 770 shares during the period. ST Germain D J Co. Inc. grew its position in Morgan Stanley by 43.1% during the fourth quarter. ST Germain D J Co. Inc. now owns 3,820 shares of the financial services provider’s stock worth $480,000 after buying an additional 1,150 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC increased its stake in Morgan Stanley by 5.2% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 2,540 shares of the financial services provider’s stock valued at $319,000 after acquiring an additional 126 shares during the period. 84.19% of the stock is currently owned by institutional investors.

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.