Morgan Stanley Announces Quarterly Dividend of $0.70 (NYSE:MS)


Morgan Stanley (NYSE:MS – Get Rating) announced a quarterly dividend on Thursday, April 14, reports RTT News. Shareholders of record on Friday, April 29 will receive a dividend of 0.70 per share from the financial services provider on Friday, May 13. This represents a dividend of $2.80 on an annualized basis and a dividend yield of 3.30%.

Morgan Stanley has a dividend payout ratio of 32.9%, which means its dividend is sufficiently covered by earnings. Analysts expect Morgan Stanley to earn $7.94 per share next year, meaning the company should continue to be able to cover its $2.80 annual dividend with a future payout ratio. forecast of 35.3%.

MS shares opened at $84.76 on Friday. The company has a debt ratio of 2.36, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a 50-day simple moving average of $91.70 and a 200-day simple moving average of $97.14. Morgan Stanley has a 52-week low of $76.25 and a 52-week high of $109.73. The company has a market capitalization of $148.85 billion, a PE ratio of 10.56, a P/E/G ratio of 1.97 and a beta of 1.46.

Morgan Stanley (NYSE:MS – Get Rating) last released quarterly earnings data on Thursday, April 14. The financial services provider reported earnings per share (EPS) of $2.02 for the quarter, beating Thomson Reuters consensus estimate of $1.95 by $0.07. Morgan Stanley had a return on equity of 15.46% and a net margin of 24.60%. The company posted revenue of $14.80 billion in the quarter, versus analyst estimates of $14.16 billion. During the same period of the previous year, the company achieved EPS of $2.22. Morgan Stanley’s quarterly revenue fell 5.8% from the same quarter last year. Equity research analysts expect Morgan Stanley to post EPS of 7.13 for the current fiscal year.

Several stock analysts have recently released reports on the company. UBS Group raised its price target on Morgan Stanley from $119.00 to $125.00 and gave the company a “buy” rating in a Tuesday, January 4 research report. Wells Fargo & Company cut its price target on Morgan Stanley from $104.00 to $94.00 and set an “equal weight” rating for the company in a Monday, April 4 research report. Goldman Sachs Group set a price target of $105.00 on Morgan Stanley in a research report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on Morgan Stanley shares in a Friday, Dec. 17 research report. Finally, Odeon Capital Group downgraded Morgan Stanley from a “buy” rating to a “hold” rating in a Friday, Jan. 28 research report. Twelve investment analysts gave the stock a hold rating and ten gave the company a buy rating. According to data from MarketBeat.com, Morgan Stanley currently has an average rating of “Hold” and an average target price of $106.47.

In other Morgan Stanley news, insider Andrew M. Saperstein sold 17,162 shares in a trade on Tuesday, February 8. The stock was sold at an average price of $105.70, for a total transaction of $1,814,023.40. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. Additionally, COO Jonathan Pruzan sold 18,414 shares in a trade on Wednesday, January 26. The stock was sold at an average price of $101.05, for a total value of $1,860,734.70. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 69,461 shares of the company worth $7,060,891. 0.23% of the shares are held by insiders of the company.

Several hedge funds and other institutional investors have recently changed their stock holdings. Monolith Advisors acquired a new position in Morgan Stanley during the fourth quarter worth approximately $51,000. Wealthsource Partners LLC increased its holdings of Morgan Stanley shares by 15.6% in the fourth quarter. Wealthsource Partners LLC now owns 2,862 shares of the financial services provider valued at $281,000 after buying 386 additional shares last quarter. Covington Capital Management increased its stake in Morgan Stanley shares by 13.1% in the fourth quarter. Covington Capital Management now owns 3,055 shares of the financial services provider valued at $300,000 after buying 354 additional shares in the last quarter. NEXT Financial Group Inc increased its stake in Morgan Stanley shares by 32.9% during the 4th quarter. NEXT Financial Group Inc now owns 3,080 shares of the financial services provider worth $303,000 after buying an additional 762 shares last quarter. Finally, EverSource Wealth Advisors LLC purchased a new equity stake in Morgan Stanley during the 4th quarter at a value of $363,000. Institutional investors hold 83.79% of the company’s shares.

About Morgan Stanley (Get a rating)

Morgan Stanley, a financial holding company, provides various financial products and services to businesses, 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.

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Morgan Stanley (NYSE:MS) Dividend History



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