During the recent session, Morgan Stanley (NYSE:MS)’s traded shares were 1.79 million, with the beta value of the company hitting 1.35. At the last check today, the stock’s price was $110.49, reflecting an intraday gain of 2.23% or $2.41. The 52-week high for the MS share is $109.36, that puts it up 1.02 from that peak though still a striking 37.17% gain since the share price plummeted to a 52-week low of $69.42. The company’s market capitalization is $178.76B, and the average intraday trading volume over the past 10 days was 4.2 million shares, and the average trade volume was 6.07 million shares over the past three months.
Morgan Stanley (MS) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.57. MS has a Sell rating from 0 analyst(s) out of 19 analysts who have looked at this stock. 10 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 9 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.58.
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Morgan Stanley (NYSE:MS) trade information
Morgan Stanley (MS) registered a 2.23% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.23% in intraday trading to $110.49, hitting a weekly high. The stock’s 5-day price performance is 2.42%, and it has moved by 14.33% in 30 days. Based on these gigs, the overall price performance for the year is 40.04%. The short interest in Morgan Stanley (NYSE:MS) is 16.37 million shares and it means that shorts have 2.82 day(s) to cover.
The consensus price target of analysts on Wall Street is $105, which implies a decrease of -5.23% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $45 and $125 respectively. As a result, MS is trading at a discount of -13.13% off the target high and 59.27% off the low.
Morgan Stanley (MS) estimates and forecasts
Statistics show that Morgan Stanley has outperformed its competitors in share price, compared to the industry in which it operates. Morgan Stanley (MS) shares have gone up 28.19% during the last six months, with a year-to-date growth rate more than the industry average at 27.11% against 25.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 14.50% this quarter and then jump 78.80% in the quarter after that. In the rating firms’ projections, revenue will increase 8.60% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 14.41B as predicted by 13 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to 14.43B by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 1.84%. While earnings are projected to return 33.96% in 2024, the next five years will return 16.90% per annum.
MS Dividends
Morgan Stanley is due to release its next quarterly earnings on 2024-Oct-16. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Morgan Stanley is 3.48, with the dividend yield indicating at 3.15 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.0%.
Morgan Stanley (NYSE:MS)’s Major holders
Morgan Stanley insiders own 23.57% of total outstanding shares while institutional holders control 61.62%, with the float percentage being 80.62%. MITSUBISHI UFJ FINANCIAL GROUP INC is the largest shareholder of the company, while 2376.0 institutions own stock in it. As of 2024-06-30, the company held over 377.09 million shares (or 23.5531% of all shares), a total value of $36.65 billion in shares.
The next largest institutional holding, with 110.27 million shares, is of STATE STREET CORP’s that is approximately 6.8875% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $10.72 billion.
