Quarterly Dividend of $0.05 Declared by Morgan Stanley (MS)
Morgan Stanley (NYSE:MS) announced a quarterly dividend on Tuesday, January 22nd. Stockholders of record on Tuesday, February 5th will be paid a dividend of $0.05 per share on Friday, February 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Friday, February 1st.
MS has been the subject of a number of recent research reports. Analysts at Susquehanna downgraded shares of Morgan Stanley from a “positive” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $24.00 price target on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Morgan Stanley in a research note to investors on Monday. They now have a $24.00 price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Morgan Stanley in a research note to investors on Thursday, January 10th. They now have a $24.00 price target on the stock.
Twelve equities research analysts have rated the stock with a buy rating, three have given an overweight rating, thirteen have issued a hold rating, one has assigned an underweight rating, and one has issued a sell rating to the stock. The stock has an average rating of “overweight” and an average target price of $22.36.
Morgan Stanley (MS) traded up 2.68% on Tuesday, hitting $22.98. Morgan Stanley (MS) has a 1-year low of $12.26 and a 1-year high of $22.46. The stock’s 50-day moving average is currently $18.92.
Morgan Stanley last released its earnings data on Friday, January 18th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.18. The company had revenue of $7.00 billion for the quarter, compared to the consensus estimate of $7.02 billion. During the same quarter in 2012, the company posted ($0.14) earnings per share. Morgan Stanley’s revenue was up 22.7% compared to the same quarter last year. Analysts expect that Morgan Stanley (MS) will post $2.01 EPS for the current fiscal year.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals.
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