Brokers Issue Forecasts for Morgan Stanley FY2024 Earnings

Morgan Stanley (NYSE:MS) – Equities researchers at Zacks Research raised their FY2024 earnings estimates for shares of Morgan Stanley in a research report issued on Wednesday, January 8th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $7.23 for the year, up from their previous estimate of $7.19. The consensus estimate for Morgan Stanley’s current full-year earnings is $7.33 per share. Zacks Research also issued estimates for Morgan Stanley’s Q4 2024 earnings at $1.51 EPS, Q1 2025 earnings at $2.04 EPS, Q2 2025 earnings at $1.97 EPS, Q3 2025 earnings at $1.94 EPS, FY2025 earnings at $7.87 EPS, Q1 2026 earnings at $2.22 EPS, Q2 2026 earnings at $2.05 EPS, Q3 2026 earnings at $1.95 EPS, Q4 2026 earnings at $1.95 EPS and FY2026 earnings at $8.17 EPS.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.57 by $0.31. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. The business had revenue of $15.38 billion during the quarter, compared to analyst estimates of $14.27 billion.

Several other equities analysts have also recently issued reports on MS. HSBC cut Morgan Stanley from a “buy” rating to a “hold” rating and upped their price objective for the company from $128.00 to $131.00 in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods increased their price objective on Morgan Stanley from $121.00 to $138.00 and gave the company a “market perform” rating in a research report on Tuesday, December 3rd. Barclays boosted their target price on Morgan Stanley from $135.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday. Citigroup raised their price target on shares of Morgan Stanley from $105.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, November 25th. Finally, Hsbc Global Res lowered shares of Morgan Stanley from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $125.80.

Morgan Stanley Trading Up 0.7 %

Shares of NYSE MS opened at $127.83 on Friday. The company has a market cap of $205.94 billion, a PE ratio of 19.46, a P/E/G ratio of 1.18 and a beta of 1.36. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.80 and a current ratio of 0.80. The firm’s 50 day moving average price is $128.32 and its 200-day moving average price is $112.24. Morgan Stanley has a 52-week low of $83.09 and a 52-week high of $136.24.

Morgan Stanley Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a $0.925 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $3.70 annualized dividend and a dividend yield of 2.89%. Morgan Stanley’s payout ratio is 56.32%.

Insider Buying and Selling at Morgan Stanley

In other news, Director Stephen J. Luczo sold 60,000 shares of Morgan Stanley stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $119.17, for a total value of $7,150,200.00. Following the completion of the transaction, the director now owns 138,363 shares in the company, valued at approximately $16,488,718.71. The trade was a 30.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Morgan Stanley

A number of large investors have recently made changes to their positions in the company. Peoples Bank KS bought a new stake in Morgan Stanley during the 4th quarter valued at about $25,000. Northwest Investment Counselors LLC bought a new position in Morgan Stanley in the third quarter worth approximately $26,000. Rakuten Securities Inc. grew its stake in Morgan Stanley by 138.1% in the third quarter. Rakuten Securities Inc. now owns 300 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 174 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Morgan Stanley in the 3rd quarter worth approximately $36,000. Finally, Planning Capital Management Corp grew its holdings in Morgan Stanley by 115.1% in the third quarter. Planning Capital Management Corp now owns 357 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 191 shares during the last quarter. 84.19% of the stock is owned by hedge funds and other institutional investors.

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.