Morgan Stanley (MS) to Issue Quarterly Dividend of $1.15 on November 13th

Morgan Stanley (NYSE:MS) declared a quarterly dividend on Wednesday, October 14th. Stockholders of record on Friday, October 30th will be paid a dividend of $1.15 per share by the financial services provider on Friday, November 13th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, October 30th.

Morgan Stanley has raised its dividend payment by an average of 0.2% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Morgan Stanley has a payout ratio of 49.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Morgan Stanley to earn $13.08 per share next year, which means the company should continue to be able to cover its $4.60 annual dividend with an expected future payout ratio of 35.2%.

Morgan Stanley Stock Performance

Shares of MS stock opened at $182.25 on Friday. The company’s fifty day simple moving average is $205.11 and its 200-day simple moving average is $203.64. Morgan Stanley has a 52 week low of $152.80 and a 52 week high of $232.25. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65. The company has a market cap of $287.45 billion, a PE ratio of 14.46, a P/E/G ratio of 1.21 and a beta of 1.22.

Morgan Stanley (NYSE:MS) last posted its earnings results on Wednesday, October 14th. The financial services provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.10. Morgan Stanley had a net margin of 15.63% and a return on equity of 19.40%. The business had revenue of $20.34 billion for the quarter, compared to analyst estimates of $19.93 billion. During the same quarter in the previous year, the business posted $2.80 EPS. The business’s quarterly revenue was up 11.6% on a year-over-year basis. As a group, equities research analysts anticipate that Morgan Stanley will post 12.66 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Marquette Asset Management LLC increased its stake in Morgan Stanley by 143.4% during the 2nd quarter. Marquette Asset Management LLC now owns 129 shares of the financial services provider’s stock worth $27,000 after buying an additional 76 shares during the period. Atlatl Advisers LLC acquired a new position in Morgan Stanley in the 2nd quarter worth $28,000. Hughes Financial Services LLC boosted its position in Morgan Stanley by 55.7% in the 2nd quarter. Hughes Financial Services LLC now owns 137 shares of the financial services provider’s stock valued at $29,000 after buying an additional 49 shares during the last quarter. Purpose Unlimited Inc. purchased a new position in Morgan Stanley in the 4th quarter valued at about $25,000. Finally, Security National Bank of SO Dak purchased a new position in Morgan Stanley in the 2nd quarter valued at about $31,000. 84.19% of the stock is owned by institutional investors and hedge funds.

Morgan Stanley Company Profile

Morgan Stanley is a global financial services firm serving corporations, governments, financial institutions, individuals and other investors. The company provides investment banking and advisory services, including mergers and acquisitions advice, equity and debt underwriting, securities sales and trading, and corporate lending.

Through its Wealth Management business, Morgan Stanley offers financial planning, brokerage, investment advisory and banking services to individual investors, businesses and institutions.