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Seaport Res Ptn Reduces Morgan Stanley’s FY2022 EPS Estimates (NYSE:MS)

Seaport Res Ptn Reduces Morgan Stanley’s FY2022 EPS Estimates (NYSE:MS)

Morgan Stanley (NYSE: M.S.) is a financial services firm that offers its clients a wide range of financial services. Seaport Research Partners analysts updated their projections for Morgan Stanley’s earnings for the fiscal year 2022 in a research report that was made public on January 5, 2019. J. Mitchell, an analyst working for Seaport Research Partners, has revised his earlier projection for the earnings of the financial services company, bringing it down from $6.60 per share to $6.42 per share for the current year. This brings the total earnings forecast for the company to $6.42 per share. According to the current average of analyst projections for the company’s financial performance, Morgan Stanley’s profits for the full year are anticipated to come in at $6.32 per share. In addition, Seaport Research Partners forecasts that Morgan Stanley will earn $1.38 per share during the fourth quarter of 2022; $2.01 per share during the first quarter of 2023; $1.88 per share during the fourth quarter of 2023; $7.70 per share during the fiscal year 2023; and $8.35 per share during the fiscal year 2024.
The results report for Morgan Stanley (NYSE: M.S.) was released on October 14, the Friday before. The financial services company reported earnings per share (EPS) for the quarter that came in at $1.53, which was $0.02 higher than the estimated floating around the industry, which was $1.51. The revenue for the quarter was $12.99 billion, which is lower than the consensus estimate of $13.31 billion in sales for the period among analysts, who had predicted that the period would see sales of $13.31 billion. Nevertheless, Morgan Stanley achieved a profitable performance, evidenced by its return on equity of 13.43% and its net margin of 20.43%. The revenue generated by Morgan Stanley during the third quarter decreased by 12.0% compared to the same period in the previous fiscal year. Earnings per share for the company were $2.04 during the same period the year before this one.
Trading of Microsoft Corporation shares began on Friday with an opening price of $85.92. A debt-to-equity ratio comes in at 2.36; a quick ratio comes in at 0.79; a current ratio comes in at 0.79; and a quick ratio comes in at 0.79. The price of a share of Morgan Stanley’s stock reached a low of $72.05, and it reached a high of $109.73 over the past 52 weeks. The moving average for the stock over the past 50 days is $87.66, and the moving average for the past 200 days is $84.23, respectively. Given the company’s current market value of $145.21 billion, its P/E ratio of 12.47, its PEG ratio of 1.48, and its beta value of 1.34, the company has adequate financial resources.
Research on multiple sclerosis has been published in a variety of journals under a variety of different headings. In a research note distributed by Atlantic Securities on October 5, the company lowered its target price for Morgan Stanley from $95.00 to $85.00. The previous target price was $95.00. In addition, the firm’s rating for the company went from “overweight” to “neutral” after the recent change in the company’s financial performance. StockNews.com debuted its coverage of Morgan Stanley shares with the publication of a research note on October 12. This publication marked the start of StockNews.com’s company stock coverage. They advised their clients to “hold” the stock moving forward. Credit Suisse Group upgraded the stock to an “outperform” rating and increased their price target for Morgan Stanley shares from $95.00 to $97.00 in a research note published on September 21. Both of these actions were taken with the price target in mind. The “buy” rating that Citigroup has given to Morgan Stanley has been raised to $100.00, and their price objective for the stock has risen from $90.00 to $100.00. In a research note that was distributed on December 20, it was stated that both of these alterations had been made. Wolfe Research downgraded Morgan Stanley from “outperform” to “underperform” in a research note published on Wednesday. The firm also established a price objective of $92.00 for the company’s stock. Two research analysts have suggested that investors consider selling the stock; seven research analysts have suggested that investors consider keeping the stock; and seven research analysts have suggested that investors consider purchasing the stock. The current rating for Morgan Stanley is “Hold,” as indicated by data from Bloomberg.com, and the website’s statistics indicate that the consensus price objective is $94.21 per share.
Various institutional investors, including hedge funds and other investment companies, have been active participants in recent transactions involving the purchase and sale of Microsoft shares. In the last three months of 2018, West Oak Capital LLC made a 3.3% increase in the proportion of Morgan Stanley stock it owned. West Oak Capital LLC now holds 7,614 shares, with a market cap of $647,000, following the acquisition of an additional 245 shares during the most recent quarter. The final three months of 2018 saw Fulton Bank and the National Association increase the percentage of Morgan Stanley shares they owned by 3.7%. Following the purchase of an additional 459 shares of the financial services provider during the most recent reporting period, Fulton Bank N.A. now owns 13,021 shares of the company, which have a combined market value of $1,107,000. A 0.9% increase in the proportion of Morgan Stanley stock that Abner Herrman & Brock LLC owns was made during the company’s most recent fiscal quarter. Abner Herrman & Brock LLC has a total of 213,768 shares of the financial services provider’s stock following the purchase of an additional 1,983 shares during the most recent quarter. The stock has a value of $18,175,000, and Abner Herrman & Brock LLC’s holdings are currently valued at that amount. The Somerset Trust Company increased the proportion of its holdings allocated to Morgan Stanley by 1.3% over the final three months of 2018. After making an additional purchase of 195 shares during the most recent fiscal quarter, Somerset Trust Co. now has 15,377 shares in its possession. These shares have a combined market value of $1,307,000. And finally, during the third quarter, Bernzott Capital Advisors completed a 121.5% increase in the proportion of Morgan Stanley stock held by the investment firm’s portfolio. After making an additional purchase of 39,599 shares during the most recent quarter, Bernzott Capital Advisors now owns a total of 72,194 shares of the company, which gives the portfolio a value of $5,704,000 according to the current market. The majority of the company’s stock is owned by large financial institutions, which account for 83.48 percent of the total.
In addition, the business just recently announced and paid a quarterly dividend, which was paid out on November 15 after the dividend was declared and paid out. On Monday, October 31, $0.775 dividend payments per share were sent out to stockholders who already had their information on file. This translates to a yield of 3.61 percent and an annual dividend payment of 3.10 dollars. The day that the dividend was payable to shareholders was last Friday, October 28. At this time, the dividend payout ratio for Morgan Stanley is 44.99%.

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