First Hawaiian Bank Has $5.57 Million Stock Position in Morgan Stanley (NYSE:MS)

First Hawaiian Bank grew its holdings in shares of Morgan Stanley (NYSE:MS) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,261 shares of the financial services provider’s stock after buying an additional 965 shares during the quarter. First Hawaiian Bank’s holdings in Morgan Stanley were worth $5,565,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Morgan Stanley during the fourth quarter valued at about $958,105,000. Wellington Management Group LLP lifted its position in shares of Morgan Stanley by 17.2% during the fourth quarter. Wellington Management Group LLP now owns 38,451,051 shares of the financial services provider’s stock valued at $3,585,561,000 after purchasing an additional 5,631,435 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of Morgan Stanley during the fourth quarter valued at about $512,867,000. Capital International Investors lifted its position in shares of Morgan Stanley by 16.3% during the first quarter. Capital International Investors now owns 28,481,070 shares of the financial services provider’s stock valued at $2,681,778,000 after purchasing an additional 3,981,528 shares in the last quarter. Finally, Focused Investors Fund L P bought a new position in shares of Morgan Stanley during the first quarter valued at about $159,714,000. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Morgan Stanley news, insider Mandell Crawley sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $105.25, for a total value of $368,375.00. Following the completion of the transaction, the insider now owns 43,224 shares of the company’s stock, valued at approximately $4,549,326. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Mandell Crawley sold 3,500 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $105.25, for a total value of $368,375.00. Following the completion of the sale, the insider now owns 43,224 shares of the company’s stock, valued at approximately $4,549,326. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert H. Herz sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $106.62, for a total transaction of $106,620.00. Following the completion of the sale, the director now directly owns 95,908 shares of the company’s stock, valued at approximately $10,225,710.96. The disclosure for this sale can be found here. Insiders sold a total of 258,954 shares of company stock valued at $27,239,058 in the last quarter. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

MS has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of Morgan Stanley from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, July 9th. Wells Fargo & Company lowered shares of Morgan Stanley from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $99.00 to $95.00 in a research report on Friday. Evercore ISI lifted their price objective on shares of Morgan Stanley from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Royal Bank of Canada lifted their price objective on shares of Morgan Stanley from $91.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 17th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Morgan Stanley in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Morgan Stanley has an average rating of “Hold” and a consensus target price of $101.45.

Morgan Stanley Price Performance

NYSE:MS traded down $5.91 during mid-day trading on Friday, hitting $95.85. 11,120,672 shares of the stock traded hands, compared to its average volume of 7,699,997. The business’s 50-day moving average price is $99.71 and its 200 day moving average price is $93.73. The company has a market cap of $155.77 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 1.05 and a beta of 1.38. Morgan Stanley has a 12-month low of $69.42 and a 12-month high of $109.11. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.97.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.65 by $0.17. The company had revenue of $15.02 billion during the quarter, compared to analysts’ expectations of $14.32 billion. Morgan Stanley had a net margin of 10.17% and a return on equity of 11.90%. Morgan Stanley’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.24 earnings per share. On average, analysts expect that Morgan Stanley will post 7 EPS for the current fiscal year.

Morgan Stanley Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a $0.925 dividend. This represents a $3.70 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Wednesday, July 31st. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.85. Morgan Stanley’s payout ratio is currently 67.40%.

Morgan Stanley 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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.