Morgan Stanley (MS) Forecasted to Post Q3 2016 Earnings of $0.67 Per Share
Morgan Stanley (NYSE:MS) – Stock analysts at Oppenheimer Holdings decreased their Q3 2016 earnings estimates for shares of Morgan Stanley in a research report issued to clients and investors on Monday. Oppenheimer Holdings analyst C. Kotowski now anticipates that the firm will earn $0.67 per share for the quarter, down from their previous estimate of $0.70. Oppenheimer Holdings also issued estimates for Morgan Stanley’s Q4 2016 earnings at $0.59 EPS, FY2016 earnings at $2.56 EPS and FY2017 earnings at $2.97 EPS.
Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.16. Morgan Stanley had a return on equity of 6.41% and a net margin of 13.27%. The firm had revenue of $8.91 billion for the quarter, compared to analysts’ expectations of $8.30 billion. During the same period in the prior year, the firm posted $0.79 earnings per share. The firm’s quarterly revenue was down 8.6% on a year-over-year basis.
A number of other brokerages also recently commented on MS. Royal Bank Of Canada raised their price objective on shares of Morgan Stanley from $27.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, July 21st. Buckingham Research restated a “buy” rating on shares of Morgan Stanley in a research report on Tuesday, June 21st. Deutsche Bank AG restated a “hold” rating on shares of Morgan Stanley in a research report on Sunday, June 26th. Vetr downgraded shares of Morgan Stanley from a “strong-buy” rating to a “hold” rating and set a $25.26 price objective for the company. in a research report on Monday, July 4th. Finally, Nomura restated a “buy” rating and issued a $34.00 price objective on shares of Morgan Stanley in a research report on Friday, July 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Morgan Stanley presently has an average rating of “Hold” and a consensus target price of $32.43.
Morgan Stanley (NYSE:MS) opened at 32.31 on Thursday. Morgan Stanley has a 12-month low of $21.16 and a 12-month high of $35.74. The company has a 50-day moving average price of $31.66 and a 200-day moving average price of $28.00. The firm has a market capitalization of $61.77 billion, a PE ratio of 14.94 and a beta of 2.09.
A number of large investors have recently added to or reduced their stakes in MS. State Street Corp increased its stake in Morgan Stanley by 15.3% in the first quarter. State Street Corp now owns 158,338,614 shares of the financial services provider’s stock valued at $3,960,055,000 after buying an additional 20,974,063 shares during the period. Vanguard Group Inc. increased its stake in Morgan Stanley by 1.5% in the second quarter. Vanguard Group Inc. now owns 86,662,981 shares of the financial services provider’s stock valued at $2,251,503,000 after buying an additional 1,303,627 shares during the period. ValueAct Holdings L.P. purchased a new stake in Morgan Stanley during the second quarter valued at about $987,240,000. FMR LLC increased its stake in Morgan Stanley by 9.5% in the second quarter. FMR LLC now owns 25,261,255 shares of the financial services provider’s stock valued at $656,286,000 after buying an additional 2,191,933 shares during the period. Finally, Geode Capital Management LLC increased its stake in Morgan Stanley by 3.9% in the first quarter. Geode Capital Management LLC now owns 13,162,956 shares of the financial services provider’s stock valued at $328,582,000 after buying an additional 489,414 shares during the period. 83.64% of the stock is currently owned by hedge funds and other institutional investors.
In related news, major shareholder Stanley Morgan sold 357 shares of Morgan Stanley stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of $23,750.00, for a total transaction of $8,478,750.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Donald T. Nicolaisen sold 3,302 shares of Morgan Stanley stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $27.88, for a total transaction of $92,059.76. Following the sale, the director now directly owns 91,704 shares in the company, valued at approximately $2,556,707.52. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.
About Morgan Stanley
Morgan Stanley is a financial holding company. The Company is a global financial services firm that, through its subsidiaries and affiliates, advises, and originates, trades, manages and distributes capital for, governments, institutions and individuals. Its segments include Institutional Securities, Wealth Management and Investment Management.
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