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- 1 MS Stock rallied 3.41% in a week and 14.06% in a year.
- 2 Morgan Stanley announced raising dividends and buyback options.
The financial holding company Morgan Stanley announced raising quarterly dividends from $0.775 to $0.85 per share. MS stock has risen by 1.18%. The rise is expected to be declared after the Board of Directors meeting scheduled in Q3 2023. The board also authorized a multi-year common equity share repurchase program for around $20 billion in Q3 2023. However, an expiry date of this program was not revealed.
Morgan Stanley (MS Stock) – Financial Analysis
Many institutional investors and hedge funds altered their stakes in Morgan Stanley. Jackson Square Capital LLC reduced its position by 37.7% in Q1 2023. They sold 2,019 shares, with their current holdings worth $293k. Geode Capital Management LLC raised stakes by 0.4% in Q4 2022, with the current value of their holdings coming up to $1.97 billion. Norges Bank also bought a new position worth $956 million.
Seth Carpenter, an analyst at Morgan Stanley, stated on July 3, 2023, that the United States would be able to steer away from the upcoming recession. Furhtermore, the central banks could bring inflation to 2% without many job cuts. The Federal Reserve’s annual stress test also gave positive scores to banks. Goldman Sachs Group Inc. (NYSE: GS) received fair points and is trading at $326.61 with a gain of 1.26%.
At press time, MS Stock is trading at $86.41% with a gain of 1.18%. Its previous close and open were at $85.40 and $86.34, respectively. The 52-week range for the share price is between $72.05 and $100.99. This indicates that the current price is closer to the upper spectrum.
With an average volume of 6.89 million shares, the market cap comes to $144.314 billion. The trailing twelve-month (ttm) price-to-earnings (P/E) ratio comes at 14.82, indicating that the stock is undervalued. At the same time, the (ttm) earnings per share (EPS) is said to be $5.83. Analysts placed the price target at $95.67 with an upside of 10.7%.
The last earnings were reported on April 19, 2023, where the reported revenue of $14.517 billion surpassed the estimated value of $13.966 billion by 3.93%. The revenue (ttm) is $52.39 billion, while the revenue per share (ttm) is $37.71. The quarterly revenue growth year over year (YoY) fell by 3.10%.
The subsequent earnings are scheduled to be reported on July 18, 2023, with an estimated revenue of $13.486 billion. The profit margin gained 19.54%, and the operating margin jumped by 32.02%. Total cash in hand at the end of the most recent quarter (mrq) was $573.24 billion, and total debt comes at $363.96 billion. The gross profit (ttm) is $46.44 billion.
Morgan Stanley (MS Stock) – Candle Exploration
Since March 2023, MS’s share price has consolidated in a range, with two failed breakout attempts. Although the price broke the trendline, it could not stabilize there for long. It is brushing the nearly flat EMA, but the RSI value of 54.64 indicates strength, and is possibly foreshadowing a rally.
To create a new 52-week high, the price action must first break out of the immediate resistance, go through R2 and then stabilize. This could happen if the earnings report turns out to be positive. However, if the reports were subpar, the price could drop below immediate support and even below S1.
Disclaimer:
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets & stocks comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
