Stock Update (NYSE:MS): Financial Decision-making a Positive for Ultra-Wealthy Families

[Business Wire] – Morgan Stanley Private Wealth Management and Campden Wealth Research today released the results of a new survey showing that financial decision-making within ultra-high net worth families in North America tends to have a marginally positive impact on relationships within families. Read more on this. Morgan Stanley (MS) , currently valued at $46.92B, started trading this morning at $24.23. Shares have traded today between $24.09 and $24.30 per share with a trailing 52-week range being $21.16 to $41.04. MS shares are currently priced at 10.26x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 11.06x forward p/e ratio. And for dividend hunters, the company pays shareholders $0.60 per share annually in dividends, yielding 2.40%. According to a consensus of 25 analysts, the earnings estimate of $0.51 per share would be $0.34 worse than the year-ago quarter and a $0.39 sequential decrease. The full-year EPS estimate is $2.38 which would be a $0.32 worse than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $8.10 Billion. If realized, that would be a 17.18% 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. The average price target for MS shares by the analysts covering the stock is $32.39, which is 33.68% above where the stock opened this morning. See more in (NYSE:MS) Similar Articles: Stock Update (NYSE:STT): AXA Investment Managers Leverages State Street PriceStats Inflation Series and MKT MediaStats’ Big Data Analytics to Sharpen and Accelerate Investment Decision-Making Process Market Update (NYSE:MS): Morgan Stanley Wealth Management Launches Enhanced UMA Trading Capability for Financial Advisors Stock Update: Morgan Stanley (NYSE:MS) – Morgan Stanley Wealth Management Adds CreditSights to Research and Strategy Content for Financial Advisors