Morgan Stanley (NYSE:MS) – Equities researchers at Oppenheimer issued their Q1 2018 earnings per share estimates for shares of Morgan Stanley in a research report issued to clients and investors on Tuesday. Oppenheimer analyst C. Kotowski anticipates that the financial services provider will post earnings per share of $1.24 for the quarter. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Morgan Stanley’s Q2 2018 earnings at $1.08 EPS, Q3 2018 earnings at $1.06 EPS, Q4 2018 earnings at $0.92 EPS, FY2018 earnings at $4.31 EPS and FY2019 earnings at $4.67 EPS.
MS has been the topic of several other research reports. Zacks Investment Research upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Monday, December 11th. Barclays upped their target price on Morgan Stanley from $52.00 to $62.00 and gave the stock an “equal weight” rating in a report on Tuesday. Buckingham Research upped their target price on Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Keefe, Bruyette & Woods upgraded Morgan Stanley from a “market perform” rating to an “outperform” rating and set a $59.00 target price on the stock in a report on Tuesday, December 12th. Finally, Credit Suisse Group upgraded Morgan Stanley to a “buy” rating and set a $58.00 target price on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $52.34.
Morgan Stanley (NYSE:MS) last released its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.12. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.05 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. Morgan Stanley’s revenue was up 3.2% on a year-over-year basis.
Several institutional investors have recently bought and sold shares of MS. BlackRock Inc. grew its position in Morgan Stanley by 1.0% during the second quarter. BlackRock Inc. now owns 102,137,658 shares of the financial services provider’s stock worth $4,551,254,000 after buying an additional 969,461 shares in the last quarter. Vanguard Group Inc. grew its position in Morgan Stanley by 1.4% during the second quarter. Vanguard Group Inc. now owns 93,483,287 shares of the financial services provider’s stock worth $4,165,615,000 after buying an additional 1,256,318 shares in the last quarter. Ameriprise Financial Inc. grew its position in Morgan Stanley by 3.2% during the second quarter. Ameriprise Financial Inc. now owns 20,973,434 shares of the financial services provider’s stock worth $934,569,000 after buying an additional 654,034 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Morgan Stanley by 24.5% during the second quarter. The Manufacturers Life Insurance Company now owns 12,326,657 shares of the financial services provider’s stock worth $549,275,000 after buying an additional 2,427,130 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Morgan Stanley by 18.3% during the third quarter. Dimensional Fund Advisors LP now owns 11,816,768 shares of the financial services provider’s stock worth $569,213,000 after buying an additional 1,828,697 shares in the last quarter. 85.49% of the stock is currently owned by institutional investors.
In other news, insider Jeffrey S. Brodsky sold 16,397 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $50.07, for a total value of $820,997.79. Following the transaction, the insider now owns 111,776 shares of the company’s stock, valued at $5,596,624.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas Colm Kelleher sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $50.59, for a total value of $2,023,600.00. Following the completion of the transaction, the president now directly owns 692,037 shares in the company, valued at approximately $35,010,151.83. The disclosure for this sale can be found here. Insiders sold 85,247 shares of company stock worth $4,284,364 in the last 90 days. Corporate insiders own 0.35% of the company’s stock.
Morgan Stanley Company Profile
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
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