Market Update (NYSE:MS): Morgan Stanley Wealth Management Launches Enhanced UMA Trading Capability for Financial Advisors

[Business Wire] – Morgan Stanley Wealth Management has launched an innovative portfolio management and trading application called UMAX, which enables financial advisors to manage client accounts across models within the Select Unified Managed Account program. Read more on this. Morgan Stanley (MS) , valued at $50.19B, opened this morning at $26.10. Today’s price range has been between $25.81 and $26.19 per share with a trailing 52-week range being $21.16 to $41.04. Priced at 9.36x this year’s forecasted earnings, MS shares are relatively inexpensive compared to the industry’s 9.86x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $0.60 per share annually in dividends, yielding 2.38%. Consensus earnings for the current quarter by the 23 sell-side analysts covering the stock is an estimate of $0.79 per share, which would be $0.06 worse than the year-ago quarter and a $0.13 sequential decrease. The full-year EPS estimate is $2.79, which would be a $0.09 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.00 Billion. If reported, that would be a 7.98% decrease over the year-ago quarter. More recently, Portales Partners upgraded MS from Underperform to Sector Perform (Feb 16, 2016). Previously, JP Morgan upgraded MS from Neutral to Overweight. When considering if the stock is under or overvalued, the average price target is $33.39, which is 27.93% above where the stock opened this morning. See more in (NYSE:MS) Similar Articles: Company Update (NYSE:MS): Morgan Stanley Wealth Management Launches New Manager Analysis / Scoring Process for Fixed Income Stock Update: Morgan Stanley (NYSE:MS) – Morgan Stanley Wealth Management Adds CreditSights to Research and Strategy Content for Financial Advisors Stock Update: Morgan Stanley (NYSE:MS) – Morgan Stanley Private Wealth Management Launches New Coffee Table Book: If…Stories of Philanthropy