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. The Institutional Securities segment offers capital raising and financial advisory services, including services related to the underwriting of debt, equity, and other securities, as well as advice on mergers and acquisitions, restructurings, real estate, and project finance. This segment also provides sales and trading services, such as sales, financing, prime brokerage, and market-making services in equity and fixed income products consisting of foreign exchange and commodities; corporate and commercial real estate loans, which provides secured lending facilities and financing for sales and trading customers, and asset-backed and mortgage lending; and wealth management services, investment, and research services. The Wealth Management segment offers financial advisor-led brokerage and investment advisory services; self-directed brokerage services; financial and wealth planning services; workplace services, including stock plan administration; annuity and insurance products; securities-based lending, residential real estate loans, and other lending products; banking; and retirement plan services to individual investors and small to medium-sized businesses and institutions. The Investment Management segment provides equity, fixed income, liquidity, and alternative/other products to benefit/defined contribution plans, foundations, endowments, government entities, sovereign wealth funds, insurance companies, and third-party fund sponsors and corporations through institutional and intermediary channels. Morgan Stanley was founded in 1924 and is headquartered in New York, New York.
Morgan Stanley Stock Performance
Shares of MS Stock traded up $1.46 on Friday, hitting $91.66. 6,258,966 shares of the stock traded hands, compared to its average volume of 7,556,490. The company's fifty day moving average is $79.90 and its 200 day moving average is $86.16. 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 $157.36 billion, a PE ratio of 12.39, a PEG ratio of 1.69 and a beta of 1.41. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.80 and a quick ratio of 0.79.
Morgan Stanley (NYSE:MS - Get Rating) last issued its earnings results on Thursday, July 14th. The financial services provider reported $1.39 earnings per share for the quarter, missing analysts' consensus estimates of $1.71 by ($0.32). Morgan Stanley had a return on equity of 14.33% and a net margin of 22.76%. The business had revenue of $13.13 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same period last year, the company posted $1.89 earnings per share. The firm's revenue for the quarter was down 11.0% on a year-over-year basis. On average, equities research analysts predict that Morgan Stanley will post 6.69 earnings per share for the current fiscal year.
Morgan Stanley Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 29th will be issued a dividend of $0.775 per share. The ex-dividend date of this dividend is Thursday, July 28th. This is a positive change from Morgan Stanley's previous quarterly dividend of $0.70. This represents a $3.10 annualized dividend and a dividend yield of 3.38%. Morgan Stanley's dividend payout ratio is 41.89%.
Analyst Ratings Changes
MS has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price objective on Morgan Stanley from $91.00 to $83.00 and set an "equal weight" rating on the stock in a research note on Friday, July 1st. Piper Sandler lowered their price objective on shares of Morgan Stanley from $100.00 to $90.00 and set a "neutral" rating for the company in a research report on Friday, July 1st. The Goldman Sachs Group set a $105.00 target price on shares of Morgan Stanley in a research report on Wednesday, April 20th. Oppenheimer lowered their price target on shares of Morgan Stanley from $97.00 to $93.00 and set an "outperform" rating for the company in a report on Friday, July 15th. Finally, Credit Suisse Group decreased their price objective on shares of Morgan Stanley from $100.00 to $95.00 and set an "outperform" rating for the company in a research report on Monday, July 4th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $100.75.
