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

Morgan Stanley (NYSE:MS) – Seaport Res Ptn decreased their Q2 2024 earnings estimates for shares of Morgan Stanley in a report issued on Wednesday, April 17th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will earn $1.54 per share 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.

A number of other research firms also recently commented on MS. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $91.00 target price on shares of Morgan Stanley in a research report on Wednesday, March 27th. Cfra raised their price objective on shares of Morgan Stanley from $97.00 to $108.00 and gave the company a “buy” rating in a research note on Tuesday. Oppenheimer raised their price objective on shares of Morgan Stanley from $97.00 to $101.00 and gave the company an “outperform” rating in a research note on Wednesday. HSBC raised their price objective on shares of Morgan Stanley from $96.00 to $100.00 and gave the company a “hold” rating in a research note on Thursday, March 28th. Finally, Jefferies Financial Group raised their target price on shares of Morgan Stanley from $107.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday. Thirteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $97.79.

Morgan Stanley Trading Up 0.2 %

Shares of NYSE:MS opened at $90.23 on Friday. Morgan Stanley has a 52 week low of $69.42 and a 52 week high of $95.57. The company’s 50 day moving average is $88.82 and its two-hundred day moving average is $84.85. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.89. The company has a market cap of $146.77 billion, a PE ratio of 16.44, a P/E/G ratio of 1.77 and a beta of 1.43.

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

Morgan Stanley Announces Dividend

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

Insider Buying and Selling

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 transaction of $8,730,000.00. Following the transaction, the chairman now directly owns 350,000 shares of the company’s stock, valued at $30,555,000. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Chairman James P. Gorman sold 100,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $87.30, for a total transaction of $8,730,000.00. Following the transaction, the chairman now directly owns 350,000 shares of the company’s stock, valued at $30,555,000. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Andrew M. Saperstein sold 10,000 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $87.92, for a total transaction of $879,200.00. Following the transaction, the insider now directly owns 313,490 shares in the company, valued at $27,562,040.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 191,155 shares of company stock valued at $16,723,094. Insiders own 0.24% of the company’s stock.

Institutional Trading of Morgan Stanley

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CGC Financial Services LLC increased its stake in Morgan Stanley by 5,200.0% during the fourth quarter. CGC Financial Services LLC now owns 265 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 260 shares during the last quarter. University of Texas Texas AM Investment Managment Co. bought a new position in shares of Morgan Stanley during the fourth quarter worth about $25,000. Main Street Group LTD bought a new position in shares of Morgan Stanley during the fourth quarter worth about $28,000. Glass Jacobson Investment Advisors llc grew its position in shares of Morgan Stanley by 77.3% during the third quarter. Glass Jacobson Investment Advisors llc now owns 328 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 143 shares during the last quarter. Finally, RVW Wealth LLC bought a new position in shares of Morgan Stanley during the third quarter worth about $27,000. 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.