Morgan Stanley (NYSE:MS) – Investment analysts at DA Davidson increased their Q2 2020 earnings per share (EPS) estimates for shares of Morgan Stanley in a report issued on Thursday, June 25th. DA Davidson analyst D. Konrad now expects that the financial services provider will post earnings per share of $1.20 for the quarter, up from their previous forecast of $0.70. DA Davidson has a “Buy” rating and a $58.00 price objective on the stock. DA Davidson also issued estimates for Morgan Stanley’s FY2020 earnings at $4.00 EPS.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.07 by ($0.06). The firm had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.82 billion. Morgan Stanley had a return on equity of 10.62% and a net margin of 16.01%. The firm’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.33 EPS.

MS has been the subject of a number of other research reports. Credit Suisse Group reiterated a “buy” rating and issued a $46.00 target price on shares of Morgan Stanley in a report on Monday, June 8th. Piper Sandler dropped their target price on shares of Morgan Stanley from $59.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, April 3rd. Wells Fargo & Co reiterated a “hold” rating on shares of Morgan Stanley in a report on Sunday, June 7th. Argus dropped their target price on shares of Morgan Stanley from $64.00 to $48.00 and set a “buy” rating for the company in a report on Friday, April 17th. Finally, Barclays reiterated a “hold” rating and issued a $55.00 target price on shares of Morgan Stanley in a report on Thursday, April 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $49.39.

Shares of NYSE MS opened at $48.30 on Monday. The company has a 50 day simple moving average of $44.64 and a 200-day simple moving average of $45.38. The company has a market capitalization of $74.43 billion, a P/E ratio of 10.04, a P/E/G ratio of 1.24 and a beta of 1.49. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.80 and a quick ratio of 0.80. Morgan Stanley has a 1 year low of $27.20 and a 1 year high of $57.57.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Level Four Advisory Services LLC lifted its position in Morgan Stanley by 19.7% in the fourth quarter. Level Four Advisory Services LLC now owns 46,497 shares of the financial services provider’s stock valued at $12,994,000 after acquiring an additional 7,654 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its stake in Morgan Stanley by 7.2% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 78,439 shares of the financial services provider’s stock valued at $4,010,000 after purchasing an additional 5,267 shares during the period. CSat Investment Advisory L.P. increased its stake in Morgan Stanley by 19.3% in the fourth quarter. CSat Investment Advisory L.P. now owns 12,968 shares of the financial services provider’s stock valued at $663,000 after purchasing an additional 2,095 shares during the period. Cubist Systematic Strategies LLC increased its stake in Morgan Stanley by 22.5% in the fourth quarter. Cubist Systematic Strategies LLC now owns 126,180 shares of the financial services provider’s stock valued at $6,450,000 after purchasing an additional 23,148 shares during the period. Finally, Macquarie Group Ltd. increased its stake in Morgan Stanley by 144.7% in the fourth quarter. Macquarie Group Ltd. now owns 114,021 shares of the financial services provider’s stock valued at $5,828,000 after purchasing an additional 67,419 shares during the period. 87.00% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Jeffrey S. Brodsky sold 18,174 shares of Morgan Stanley stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $40.57, for a total transaction of $737,319.18. Following the completion of the sale, the insider now directly owns 141,863 shares of the company’s stock, valued at approximately $5,755,381.91. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephen J. Luczo purchased 19,000 shares of Morgan Stanley stock in a transaction that occurred on Friday, April 17th. The stock was bought at an average cost of $38.68 per share, with a total value of $734,920.00. Following the completion of the transaction, the director now owns 193,121 shares of the company’s stock, valued at $7,469,920.28. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by insiders.

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. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.

See Also: Return on Equity (ROE)

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

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