Morgan Stanley (NYSE:MS) announced a quarterly dividend on Thursday, April 19th, Wall Street Journal reports. Stockholders of record on Monday, April 30th will be given a dividend of 0.25 per share by the financial services provider on Tuesday, May 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, April 27th.
Morgan Stanley has raised its dividend payment by an average of 37.0% per year over the last three years and has increased its dividend every year for the last 4 years. Morgan Stanley has a payout ratio of 27.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Morgan Stanley to earn $4.96 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 20.2%.
MS stock opened at $54.70 on Friday. Morgan Stanley has a 52-week low of $40.43 and a 52-week high of $59.38. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.75. The company has a market cap of $95,433.72, a PE ratio of 15.19, a PEG ratio of 0.91 and a beta of 1.54.
In other Morgan Stanley news, insider Daniel A. Simkowitz sold 87,050 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $53.55, for a total value of $4,661,527.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman James P. Gorman sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $55.34, for a total transaction of $5,534,000.00. The disclosure for this sale can be found here. Insiders sold 239,254 shares of company stock valued at $13,085,019 over the last three months. Insiders own 0.19% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Morgan Stanley from $62.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday. Atlantic Securities upgraded shares of Morgan Stanley from a “neutral” rating to an “overweight” rating and set a $61.00 price target on the stock in a report on Wednesday, January 10th. Keefe, Bruyette & Woods restated a “buy” rating and set a $62.00 price target on shares of Morgan Stanley in a report on Thursday, April 5th. Credit Suisse Group upped their price objective on shares of Morgan Stanley from $61.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Vining Sparks reiterated a “buy” rating and issued a $67.00 price objective on shares of Morgan Stanley in a research note on Wednesday. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $55.07.
Morgan Stanley Company Profile
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates through three segments: Institutional Securities, Wealth Management, and Investment Management.
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