Morgan Stanley (NYSE:MS) has a beta value of 1.40 and has seen 4.94 million shares traded in the last trading session. The company, currently valued at $153.85B, closed the last trade at $94.08 per share which meant it gained $0.87 on the day or 0.93% during that session. The MS stock price is -1.58% off its 52-week high price of $95.57 and 26.21% above the 52-week low of $69.42. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.92 million shares traded. The 3-month trading volume is 8.73 million shares.
Morgan Stanley (NYSE:MS) trade information
Sporting 0.93% in the green in last session, the stock has traded in the green over the last five days, when the MS stock price touched $94.08 or saw a rise of 0.7%. Year-to-date, Morgan Stanley shares have moved 0.89%, while the 5-day performance has seen it change 1.48%. Over the past 30 days, the shares of Morgan Stanley (NYSE:MS) have changed 8.09%. Short interest in the company has seen 16.39 million shares shorted with days to cover at 1.69.
Morgan Stanley (MS) estimates and forecasts
Figures show that Morgan Stanley shares have outperformed across the wider relevant industry. The company’s shares have gained 17.12% over the past 6 months, with this year growth rate of 16.30%, compared to 14.30% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 7.10% and 28.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be 4.70%.
15 analysts offering their estimates for the company have set an average revenue estimate of $14.39 billion for the current quarter. 15 have an estimated revenue figure of $14.11 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $13.92 billion and $13.08 billion respectively for this quarter and the next, and analysts expect sales will grow by 3.40% for the current quarter and 7.90% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 1.84% over the past 5 years. Earnings growth for 2024 is a modest 23.26% while over the next 5 years, the company’s earnings are expected to increase by 8.00%.
MS Dividends
Morgan Stanley is expected to release its next earnings report on April 16 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 3.33 at a share yield of 3.53%. The company’s dividend yield has gone up over the past 12 months.
Morgan Stanley (NYSE:MS)’s Major holders
Insiders own 23.32% of the company shares, while shares held by institutions stand at 62.37% with a share float percentage of 81.33%. Investors are also buoyed by the number of investors in a company, with Morgan Stanley having a total of 2,285 institutions that hold shares in the company. The top two institutional holders are Mitsubishi UFJ Financial Group Inc with over 377.09 million shares worth more than $32.2 billion. As of Jun 29, 2023, Mitsubishi UFJ Financial Group Inc held 22.76% of shares outstanding.
The other major institutional holder is State Street Corporation, with the holding of over 114.52 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $9.78 billion and represent 6.91% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Jun 29, 2023, the former fund manager holds about 2.36% shares in the company for having 39.04 million shares of worth $3.33 billion while later fund manager owns 31.02 million shares of worth $2.65 billion as of Jun 29, 2023, which makes it owner of about 1.87% of company’s outstanding stock.
