Q2 2024 Earnings Forecast for Morgan Stanley Issued By Zacks Research (NYSE:MS)

Morgan Stanley (NYSE:MS) – Analysts at Zacks Research lifted their Q2 2024 earnings per share estimates for shares of Morgan Stanley in a research note issued to investors on Tuesday, April 30th. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $1.62 per share for the quarter, up from their prior estimate of $1.60. The consensus estimate for Morgan Stanley’s current full-year earnings is $6.78 per share. Zacks Research also issued estimates for Morgan Stanley’s Q4 2024 earnings at $1.48 EPS, Q1 2026 earnings at $2.00 EPS and FY2026 earnings at $7.77 EPS.

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

MS has been the subject of several other research reports. Bank of America increased their price objective on Morgan Stanley from $100.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Oppenheimer increased their target price on Morgan Stanley from $101.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday. Evercore ISI increased their target price on Morgan Stanley from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. JMP Securities reissued a “market perform” rating on shares of Morgan Stanley in a research report on Thursday, April 18th. Finally, Jefferies Financial Group increased their target price on Morgan Stanley from $107.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $98.30.

Morgan Stanley Trading Up 1.2 %

NYSE MS opened at $92.65 on Thursday. Morgan Stanley has a fifty-two week low of $69.42 and a fifty-two week high of $95.57. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a 50 day simple moving average of $90.16 and a two-hundred day simple moving average of $85.76. The stock has a market cap of $150.71 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 1.72 and a beta of 1.41.

Institutional Investors Weigh In On Morgan Stanley

Large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its position in shares of Morgan Stanley by 17.2% during the fourth 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 during the period. Capital International Investors boosted its holdings in shares of Morgan Stanley by 8.2% in the fourth quarter. Capital International Investors now owns 24,499,542 shares of the financial services provider’s stock valued at $2,284,674,000 after purchasing an additional 1,865,645 shares during the period. FMR LLC boosted its holdings in shares of Morgan Stanley by 21.2% in the third quarter. FMR LLC now owns 23,474,452 shares of the financial services provider’s stock valued at $1,917,159,000 after purchasing an additional 4,098,577 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Morgan Stanley by 2.6% in the fourth quarter. Fisher Asset Management LLC now owns 20,250,725 shares of the financial services provider’s stock valued at $1,888,380,000 after purchasing an additional 517,446 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Morgan Stanley by 2.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 20,197,232 shares of the financial services provider’s stock valued at $1,883,392,000 after purchasing an additional 575,114 shares during the period. 84.19% of the stock is owned by institutional investors.

Insider Transactions at Morgan Stanley

In related news, Chairman James P. Gorman sold 100,000 shares of Morgan Stanley stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $90.21, for a total transaction of $9,021,000.00. Following the transaction, the chairman now directly owns 414,870 shares in the company, valued at $37,425,422.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Morgan Stanley news, insider Charles Aubrey Smith III sold 11,200 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $90.09, for a total transaction of $1,009,008.00. Following the sale, the insider now directly owns 126,190 shares of the company’s stock, valued at $11,368,457.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman James P. Gorman sold 100,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $90.21, for a total value of $9,021,000.00. Following the sale, the chairman now directly owns 414,870 shares in the company, valued at $37,425,422.70. The disclosure for this sale can be found here. Insiders have sold a total of 237,855 shares of company stock worth $21,084,057 in the last ninety days. Insiders own 0.24% of the company’s stock.

Morgan Stanley Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.67%. Morgan Stanley’s dividend payout ratio (DPR) is currently 61.93%.

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.