Morgan Stanley (NYSE:MS) – Investment analysts at Oppenheimer raised their Q1 2018 earnings per share estimates for shares of Morgan Stanley in a research note issued on Thursday. Oppenheimer analyst C. Kotowski now anticipates that the financial services provider will post earnings of $1.26 per share for the quarter, up from their prior estimate of $1.24. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Morgan Stanley’s Q2 2018 earnings at $1.11 EPS, Q3 2018 earnings at $1.08 EPS, Q4 2018 earnings at $0.93 EPS, FY2018 earnings at $4.39 EPS and FY2019 earnings at $4.85 EPS.
Several other equities analysts have also recently issued reports on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $60.00 target price on shares of Morgan Stanley in a research note on Friday. UBS Group upgraded shares of Morgan Stanley to an “overweight” rating in a research note on Wednesday, January 10th. Atlantic Securities upgraded shares of Morgan Stanley from a “neutral” rating to an “overweight” rating and set a $61.00 target price for the company in a research note on Wednesday, January 10th. Societe Generale cut shares of Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Vining Sparks reiterated a “buy” rating and issued a $60.00 target price on shares of Morgan Stanley in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Morgan Stanley presently has a consensus rating of “Buy” and an average price target of $53.74.
Morgan Stanley (NYSE:MS) last posted its earnings results on Thursday, January 18th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.07. Morgan Stanley had a net margin of 14.10% and a return on equity of 10.03%. The firm had revenue of $9.50 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the previous year, the business posted $0.81 EPS. The business’s revenue was up 5.3% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, January 30th. Morgan Stanley’s payout ratio is presently 32.36%.
In other news, insider Keishi Hotsuki sold 25,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $50.00, for a total transaction of $1,250,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alistair Darling sold 3,850 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $49.29, for a total transaction of $189,766.50. Following the sale, the director now directly owns 14,218 shares of the company’s stock, valued at approximately $700,805.22. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in MS. Invictus RG grew its holdings in shares of Morgan Stanley by 307.5% during the third quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock worth $112,000 after buying an additional 1,762 shares in the last quarter. Rational Advisors LLC purchased a new stake in shares of Morgan Stanley during the third quarter worth $116,000. Zions Bancorporation grew its holdings in shares of Morgan Stanley by 176.1% during the third quarter. Zions Bancorporation now owns 2,463 shares of the financial services provider’s stock worth $119,000 after buying an additional 1,571 shares in the last quarter. WFG Advisors LP grew its holdings in shares of Morgan Stanley by 45.4% in the second quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 840 shares during the period. Finally, BB&T Investment Services Inc. grew its holdings in shares of Morgan Stanley by 163.1% in the third quarter. BB&T Investment Services Inc. now owns 2,655 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 1,646 shares during the period. 85.49% of the stock is owned by institutional investors and hedge funds.
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About Morgan Stanley
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
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