Oppenheimer Analysts Cut Earnings Estimates for Morgan Stanley (MS)

Morgan Stanley (NYSE:MS) – Equities researchers at Oppenheimer reduced their FY2017 earnings per share (EPS) estimates for shares of Morgan Stanley in a note issued to investors on Tuesday. Oppenheimer analyst C. Kotowski now expects that the financial services provider will earn $3.60 per share for the year, down from their prior estimate of $3.65. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Morgan Stanley’s Q4 2017 earnings at $0.79 EPS.

MS has been the subject of several other reports. Credit Suisse Group upgraded Morgan Stanley from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $49.00 to $54.00 in a report on Monday, October 9th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $63.00 target price on shares of Morgan Stanley in a report on Friday, December 22nd. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Friday, October 20th. Wells Fargo & Co set a $55.00 target price on shares of Morgan Stanley and gave the stock a “hold” rating in a report on Wednesday, December 20th. Finally, Barclays boosted their target price on shares of Morgan Stanley from $48.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $52.16.

Shares of Morgan Stanley (NYSE MS) opened at $53.13 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $94,607.36, a PE ratio of 14.72, a P/E/G ratio of 1.06 and a beta of 1.65. Morgan Stanley has a fifty-two week low of $40.06 and a fifty-two week high of $54.25.

Morgan Stanley (NYSE:MS) last issued its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.12. The firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.05 billion. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 earnings per share.

In other Morgan Stanley 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 sale, the insider now owns 111,776 shares in the company, valued at approximately $5,596,624.32. The transaction was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $50.59, for a total value of $2,023,600.00. Following the completion of the sale, the president now owns 692,037 shares in the company, valued at approximately $35,010,151.83. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,247 shares of company stock worth $4,284,364. 0.35% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Omnia Family Wealth LLC lifted its position in shares of Morgan Stanley by 5.8% during the 2nd quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock valued at $108,000 after buying an additional 134 shares in the last quarter. Invictus RG lifted its position in shares of Morgan Stanley by 307.5% during the 3rd quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock valued at $112,000 after buying an additional 1,762 shares in the last quarter. Rational Advisors LLC purchased a new position in shares of Morgan Stanley during the 3rd quarter valued at approximately $116,000. Zions Bancorporation raised its stake in Morgan Stanley by 176.1% in the 3rd quarter. Zions Bancorporation now owns 2,463 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 1,571 shares during the last quarter. Finally, WFG Advisors LP raised its stake in Morgan Stanley by 45.4% in the 2nd quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 840 shares during the last quarter. Institutional investors and hedge funds own 85.49% of the company’s stock.

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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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