Stock Traders Purchase High Volume of Call Options on Morgan Stanley (MS)
Morgan Stanley (NYSE:MS) saw unusually large options trading on Wednesday. Stock traders acquired 6,765 call options on the company. This is an increase of approximately 381% compared to the average daily volume of 1,407 call options.
Shares of Morgan Stanley (NYSE:MS) opened at $50.02 on Friday. The company has a market cap of $92.60 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 1.16 and a beta of 1.66. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.58.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.12. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.05 billion. Morgan Stanley had a return on equity of 10.11% and a net margin of 16.76%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.80 earnings per share. research analysts forecast that Morgan Stanley will post 3.57 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Monday, October 30th. Morgan Stanley’s payout ratio is 27.70%.
MS has been the subject of several research reports. ValuEngine lowered Morgan Stanley from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. BMO Capital Markets boosted their price objective on Morgan Stanley from $58.00 to $61.00 and gave the stock an “outperform” rating in a research note on Thursday, July 20th. HSBC Holdings plc upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Friday, September 15th. Buckingham Research reiterated a “buy” rating and set a $54.00 price objective (up from $51.00) on shares of Morgan Stanley in a research note on Monday, July 10th. Finally, Zacks Investment Research lowered Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. Morgan Stanley has a consensus rating of “Buy” and a consensus price target of $50.39.
In related news, President Thomas Colm Kelleher sold 40,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $50.59, for a total value of $2,023,600.00. Following the completion of the transaction, the president now owns 692,037 shares of the company’s stock, valued at approximately $35,010,151.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey S. Brodsky sold 16,397 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $50.07, for a total value of $820,997.79. Following the sale, the insider now owns 111,776 shares of the company’s stock, valued at $5,596,624.32. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.
Several hedge funds have recently modified their holdings of MS. Parkside Financial Bank & Trust grew its holdings in shares of Morgan Stanley by 9.1% during the second quarter. Parkside Financial Bank & Trust now owns 2,275 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 190 shares during the last quarter. Invictus RG purchased a new position in shares of Morgan Stanley during the first quarter worth about $106,000. V Wealth Management LLC purchased a new position in shares of Morgan Stanley during the second quarter worth about $106,000. Omnia Family Wealth LLC grew its holdings in shares of Morgan Stanley by 5.8% during the second quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock worth $108,000 after buying an additional 134 shares during the last quarter. Finally, WFG Advisors LP grew its holdings in shares of Morgan Stanley by 45.4% during the second quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock worth $120,000 after buying an additional 840 shares during the last quarter. 85.09% of the stock is currently owned by institutional investors.
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Morgan Stanley Company Profile
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
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