Jefferies Financial Group Research Analysts Decrease Earnings Estimates for Morgan Stanley (NYSE:MS)

Morgan Stanley (NYSE:MSGet Rating) – Investment analysts at Jefferies Financial Group dropped their Q1 2023 earnings per share estimates for shares of Morgan Stanley in a report issued on Tuesday, January 17th. Jefferies Financial Group analyst D. Fannon now forecasts that the financial services provider will post earnings per share of $1.69 for the quarter, down from their previous estimate of $1.70. The consensus estimate for Morgan Stanley’s current full-year earnings is $6.30 per share. Jefferies Financial Group also issued estimates for Morgan Stanley’s Q3 2023 earnings at $1.89 EPS, Q4 2023 earnings at $1.97 EPS, FY2023 earnings at $7.45 EPS and Q1 2024 earnings at $1.95 EPS.

A number of other equities analysts also recently issued reports on MS. BMO Capital Markets upped their price target on Morgan Stanley from $98.00 to $109.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays increased their price target on Morgan Stanley from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. Wells Fargo & Company boosted their price target on Morgan Stanley from $83.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Morgan Stanley from $92.00 to $84.00 in a research note on Friday, January 6th. Finally, Evercore ISI upped their price target on shares of Morgan Stanley from $90.00 to $106.00 and gave the company an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Morgan Stanley currently has a consensus rating of “Hold” and an average price target of $96.99.

Morgan Stanley Stock Up 2.2 %

Shares of Morgan Stanley stock opened at $96.24 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.36. The company has a market cap of $162.66 billion, a P/E ratio of 13.97, a PEG ratio of 1.59 and a beta of 1.34. The firm’s 50 day moving average price is $89.19 and its 200-day moving average price is $85.45. Morgan Stanley has a 52-week low of $72.05 and a 52-week high of $109.73.

Morgan Stanley Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Tuesday, January 31st will be paid a $0.775 dividend. This represents a $3.10 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Monday, January 30th. Morgan Stanley’s dividend payout ratio is currently 44.99%.

Insider Buying and Selling at Morgan Stanley

In other Morgan Stanley news, insider Daniel A. Simkowitz sold 44,910 shares of the stock in a transaction that occurred on Wednesday, January 18th. The stock was sold at an average price of $97.05, for a total transaction of $4,358,515.50. Following the transaction, the insider now owns 348,531 shares in the company, valued at $33,824,933.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Morgan Stanley news, CFO Raja Akram sold 5,100 shares of the stock in a transaction that occurred on Wednesday, January 18th. The stock was sold at an average price of $97.00, for a total transaction of $494,700.00. Following the completion of the transaction, the chief financial officer now owns 118,558 shares of the company’s stock, valued at $11,500,126. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel A. Simkowitz sold 44,910 shares of Morgan Stanley stock in a transaction that occurred on Wednesday, January 18th. The stock was sold at an average price of $97.05, for a total value of $4,358,515.50. Following the completion of the sale, the insider now directly owns 348,531 shares in the company, valued at $33,824,933.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 300,010 shares of company stock valued at $29,085,716. Corporate insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC lifted its stake in shares of Morgan Stanley by 103.2% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 315 shares of the financial services provider’s stock worth $25,000 after buying an additional 160 shares in the last quarter. McElhenny Sheffield Capital Management LLC purchased a new position in Morgan Stanley in the 4th quarter worth approximately $26,000. SJS Investment Consulting Inc. acquired a new position in shares of Morgan Stanley during the 3rd quarter worth approximately $27,000. Accurate Wealth Management LLC purchased a new stake in shares of Morgan Stanley in the fourth quarter valued at approximately $28,000. Finally, My Personal CFO LLC acquired a new stake in shares of Morgan Stanley in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 83.48% of the company’s stock.

About Morgan Stanley

(Get Rating)

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.

See Also

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

Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.