Morgan Stanley Target of Unusually High Options Trading (MS)

Morgan Stanley (NYSE:MS) saw some unusual options trading activity on Wednesday. Stock traders acquired 6,765 call options on the company. This is an increase of approximately 381% compared to the typical volume of 1,407 call options.

A number of brokerages have commented on MS. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Friday, October 20th. set a $54.00 price target on shares of Morgan Stanley and gave the company a “hold” rating in a research note on Friday, August 11th. Credit Suisse Group reissued a “neutral” rating and issued a $49.00 price target (up from $47.00) on shares of Morgan Stanley in a research note on Saturday, July 22nd. Buckingham Research upped their target price on shares of Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Morgan Stanley in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $50.39.

In related news, insider Jeffrey S. Brodsky sold 16,397 shares of the business’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $50.07, for a total transaction of $820,997.79. Following the transaction, the insider now directly owns 111,776 shares in the company, valued at $5,596,624.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas Colm Kelleher sold 40,000 shares of the business’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $50.59, for a total transaction of $2,023,600.00. Following the transaction, the president now owns 692,037 shares in the company, valued at $35,010,151.83. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in MS. Parkside Financial Bank & Trust raised its position 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 period. V Wealth Management LLC acquired a new stake in shares of Morgan Stanley during the second quarter worth about $106,000. Omnia Family Wealth LLC raised its position 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 purchasing an additional 134 shares during the period. Invictus RG raised its position in shares of Morgan Stanley by 307.5% during the third quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 1,762 shares during the period. Finally, Rational Advisors LLC acquired a new stake in shares of Morgan Stanley during the third quarter worth about $116,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Morgan Stanley (NYSE:MS) opened at $48.70 on Friday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $87,860.00, a price-to-earnings ratio of 13.40, a PEG ratio of 1.11 and a beta of 1.66. Morgan Stanley has a 1-year low of $39.89 and a 1-year high of $51.52.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.12. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.05 billion. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 earnings per share. research analysts expect that Morgan Stanley will post 3.57 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Monday, October 30th. Morgan Stanley’s payout ratio is 27.62%.

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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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