FY2023 Earnings Forecast for Morgan Stanley Issued By Oppenheimer (NYSE:MS)

Morgan Stanley (NYSE:MSGet Rating) – Research analysts at Oppenheimer boosted their FY2023 earnings per share (EPS) estimates for Morgan Stanley in a research report issued to clients and investors on Thursday, November 17th. Oppenheimer analyst C. Kotowski now anticipates that the financial services provider will earn $7.91 per share for the year, up from their prior forecast of $7.84. Oppenheimer currently has a “Outperform” rating and a $88.00 price objective on the stock. The consensus estimate for Morgan Stanley’s current full-year earnings is $6.45 per share.

Morgan Stanley (NYSE:MSGet Rating) last released its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.04). The business had revenue of $12.99 billion for the quarter, compared to analysts’ expectations of $13.31 billion. Morgan Stanley had a return on equity of 13.43% and a net margin of 20.43%. The business’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.04 earnings per share.

A number of other research firms have also recently commented on MS. Credit Suisse Group upped their price target on Morgan Stanley from $95.00 to $97.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 21st. Barclays decreased their target price on Morgan Stanley from $108.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, October 17th. StockNews.com started coverage on Morgan Stanley in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. BMO Capital Markets decreased their target price on Morgan Stanley from $97.00 to $95.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 18th. Finally, Atlantic Securities lowered Morgan Stanley from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $95.00 to $85.00 in a research note on Wednesday, October 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $93.31.

Morgan Stanley Price Performance

Morgan Stanley stock opened at $89.20 on Monday. The company’s 50 day simple moving average is $83.14 and its 200-day simple moving average is $82.62. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.79 and a current ratio of 0.79. Morgan Stanley has a 1 year low of $72.05 and a 1 year high of $109.73. The company has a market capitalization of $150.76 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 2.31 and a beta of 1.32.

Morgan Stanley Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were issued a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Friday, October 28th. Morgan Stanley’s payout ratio is currently 44.99%.

Institutional Trading of Morgan Stanley

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC grew its holdings in shares of Morgan Stanley by 103.2% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 315 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 160 shares during the last quarter. SJS Investment Consulting Inc. bought a new position in shares of Morgan Stanley during the third quarter valued at approximately $27,000. Sound Income Strategies LLC grew its holdings in shares of Morgan Stanley by 78.6% during the second quarter. Sound Income Strategies LLC now owns 343 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 151 shares during the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Morgan Stanley during the first quarter valued at approximately $32,000. Finally, Advanced Research Investment Solutions LLC bought a new position in shares of Morgan Stanley during the first quarter valued at approximately $33,000. 83.36% of the stock is owned by institutional investors.

About Morgan Stanley

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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.

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Earnings History and Estimates for Morgan Stanley (NYSE:MS)

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