Seaport Res Ptn Comments on Morgan Stanley’s Q2 2024 Earnings (NYSE:MS)

Morgan Stanley (NYSE:MS) – Seaport Res Ptn reduced their Q2 2024 earnings per share estimates for Morgan Stanley in a note issued to investors on Wednesday, April 17th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will post earnings per share of $1.54 for the quarter, down from their prior estimate of $1.57. The consensus estimate for Morgan Stanley’s current full-year earnings is $6.53 per share. Seaport Res Ptn also issued estimates for Morgan Stanley’s Q4 2024 earnings at $1.48 EPS, Q1 2025 earnings at $1.95 EPS and Q2 2025 earnings at $1.78 EPS.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.33. Morgan Stanley had a return on equity of 10.87% and a net margin of 9.57%. The firm had revenue of $15.14 billion for the quarter, compared to analysts’ expectations of $14.42 billion. During the same period last year, the firm earned $1.70 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year.

Several other analysts have also recently issued reports on MS. Keefe, Bruyette & Woods raised their target price on Morgan Stanley from $94.00 to $98.00 and gave the stock a “market perform” rating in a research note on Wednesday. UBS Group raised their price objective on shares of Morgan Stanley from $80.00 to $95.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Jefferies Financial Group raised their price objective on shares of Morgan Stanley from $107.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday. TheStreet upgraded shares of Morgan Stanley from a “c+” rating to a “b” rating in a report on Wednesday, March 6th. Finally, BMO Capital Markets raised their price objective on shares of Morgan Stanley from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Thursday. Thirteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $97.79.

Morgan Stanley Stock Up 0.2 %

NYSE MS opened at $90.23 on Friday. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $146.77 billion, a PE ratio of 16.44, a PEG ratio of 1.77 and a beta of 1.43. Morgan Stanley has a 1 year low of $69.42 and a 1 year high of $95.57. The business’s 50-day moving average is $88.82 and its 200 day moving average is $84.85.

Morgan Stanley Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Monday, April 29th. Morgan Stanley’s dividend payout ratio (DPR) is presently 61.93%.

Insiders Place Their Bets

In other Morgan Stanley news, Chairman James P. Gorman sold 100,000 shares of Morgan Stanley stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $87.30, for a total value of $8,730,000.00. Following the completion of the sale, the chairman now owns 350,000 shares of the company’s stock, valued at approximately $30,555,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Morgan Stanley news, Chairman James P. Gorman sold 100,000 shares of Morgan Stanley stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $87.30, for a total value of $8,730,000.00. Following the completion of the sale, the chairman now owns 350,000 shares of the company’s stock, valued at approximately $30,555,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman James P. Gorman sold 50,000 shares of the business’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $87.93, for a total transaction of $4,396,500.00. Following the sale, the chairman now directly owns 400,000 shares of the company’s stock, valued at approximately $35,172,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 191,155 shares of company stock valued at $16,723,094. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Morgan Stanley

A number of hedge funds have recently modified their holdings of MS. Norges Bank bought a new stake in shares of Morgan Stanley during the 4th quarter valued at $956,566,000. Moneta Group Investment Advisors LLC grew its position in shares of Morgan Stanley by 125,756.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,641,190 shares of the financial services provider’s stock valued at $904,714,000 after acquiring an additional 10,632,735 shares during the period. Boston Partners purchased a new position in shares of Morgan Stanley during the 3rd quarter valued at $477,765,000. Wellington Management Group LLP lifted its stake in shares of Morgan Stanley by 17.2% during the 4th quarter. Wellington Management Group LLP now owns 38,451,051 shares of the financial services provider’s stock valued at $3,585,561,000 after buying an additional 5,631,435 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new position in shares of Morgan Stanley during the 4th quarter valued at $512,867,000. Institutional investors own 84.19% of the company’s stock.

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.