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

Morgan Stanley (NYSE:MSFree Report) – Equities researchers at Zacks Research lowered their Q3 2024 earnings estimates for shares of Morgan Stanley in a report issued on Tuesday, October 8th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings of $1.58 per share for the quarter, down from their previous forecast of $1.61. The consensus estimate for Morgan Stanley’s current full-year earnings is $6.95 per share. Zacks Research also issued estimates for Morgan Stanley’s Q4 2024 earnings at $1.45 EPS, Q3 2025 earnings at $1.86 EPS, Q4 2025 earnings at $1.68 EPS and Q3 2026 earnings at $1.90 EPS.

MS has been the topic of several other reports. The Goldman Sachs Group boosted their price objective on Morgan Stanley from $105.00 to $106.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. HSBC raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research report on Friday, October 4th. JMP Securities restated a “market perform” rating on shares of Morgan Stanley in a research report on Thursday, July 18th. Hsbc Global Res raised shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Finally, Barclays increased their target price on shares of Morgan Stanley from $116.00 to $121.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $103.06.

View Our Latest Stock Analysis on MS

Morgan Stanley Stock Performance

Morgan Stanley stock opened at $110.46 on Thursday. The company’s 50-day moving average price is $100.73 and its 200-day moving average price is $98.34. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.96. The company has a market cap of $179.52 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 1.17 and a beta of 1.36. Morgan Stanley has a twelve month low of $69.42 and a twelve month high of $111.47.

Morgan Stanley (NYSE:MSGet Free Report) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.17. The business had revenue of $15.02 billion for the quarter, compared to the consensus estimate of $14.32 billion. Morgan Stanley had a return on equity of 11.85% and a net margin of 10.17%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS.

Morgan Stanley Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.925 per share. This represents a $3.70 annualized dividend and a yield of 3.35%. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Wednesday, July 31st. Morgan Stanley’s dividend payout ratio is presently 60.96%.

Insiders Place Their Bets

In related news, Chairman James P. Gorman sold 200,000 shares of Morgan Stanley stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $105.06, for a total transaction of $21,012,000.00. Following the transaction, the chairman now directly owns 150,000 shares of the company’s stock, valued at $15,759,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Morgan Stanley news, Chairman James P. Gorman sold 200,000 shares of Morgan Stanley stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $105.06, for a total value of $21,012,000.00. Following the transaction, the chairman now owns 150,000 shares in the company, valued at $15,759,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert H. Herz sold 1,000 shares of the stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $106.62, for a total transaction of $106,620.00. Following the sale, the director now directly owns 95,908 shares of the company’s stock, valued at approximately $10,225,710.96. The trade was a 0.00 % decrease in their ownership of the stock. 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 three months. Corporate insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MS. University of Texas Texas AM Investment Managment Co. purchased a new position in shares of Morgan Stanley in the fourth quarter worth $25,000. Opal Wealth Advisors LLC acquired a new stake in Morgan Stanley during the 2nd quarter worth about $25,000. POM Investment Strategies LLC grew its stake 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 valued at $25,000 after purchasing an additional 241 shares during the last quarter. Bank & Trust Co purchased a new stake in Morgan Stanley during the 2nd quarter valued at about $26,000. Finally, Bbjs Financial Advisors LLC acquired a new position in shares of Morgan Stanley in the second quarter valued at about $29,000. 84.19% of the stock is owned by institutional investors and hedge funds.

Morgan Stanley Company Profile

(Get Free Report)

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.

See Also

Earnings History and Estimates for Morgan Stanley (NYSE:MS)

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