Louisiana State Employees Retirement System lowered its position in shares of Morgan Stanley (NYSE:MS) by 3.0% during the second quarter, Holdings Channel reports. The fund owned 99,100 shares of the financial services provider’s stock after selling 3,100 shares during the period. Louisiana State Employees Retirement System’s holdings in Morgan Stanley were worth $2,575,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp increased its position in Morgan Stanley by 15.3% in the first quarter. State Street Corp now owns 158,338,614 shares of the financial services provider’s stock worth $3,960,055,000 after buying an additional 20,974,063 shares during the period. Franklin Resources Inc. increased its position in Morgan Stanley by 37.0% in the first quarter. Franklin Resources Inc. now owns 27,280,507 shares of the financial services provider’s stock worth $682,293,000 after buying an additional 7,374,633 shares during the period. Kiltearn Partners LLP increased its position in Morgan Stanley by 87.3% in the first quarter. Kiltearn Partners LLP now owns 4,917,061 shares of the financial services provider’s stock worth $122,976,000 after buying an additional 2,291,800 shares during the period. Prudential Financial Inc. increased its position in Morgan Stanley by 48.0% in the first quarter. Prudential Financial Inc. now owns 4,371,896 shares of the financial services provider’s stock worth $109,341,000 after buying an additional 1,418,410 shares during the period. Finally, Hexavest Inc. bought a new position in Morgan Stanley during the second quarter worth approximately $27,902,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Morgan Stanley (NYSE:MS) traded up 0.03% during mid-day trading on Monday, hitting $31.60. 7,806,455 shares of the company traded hands. Morgan Stanley has a one year low of $21.16 and a one year high of $35.74. The company’s 50-day moving average price is $30.60 and its 200 day moving average price is $27.39. The company has a market capitalization of $60.41 billion, a price-to-earnings ratio of 14.62 and a beta of 2.18.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.16. The business had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.30 billion. Morgan Stanley had a net margin of 13.27% and a return on equity of 6.41%. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 EPS. On average, analysts anticipate that Morgan Stanley will post $2.50 earnings per share for the current fiscal year.

MS has been the topic of a number of research analyst reports. Royal Bank Of Canada increased their price objective on shares of Morgan Stanley from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, July 21st. Buckingham Research restated a “buy” rating on shares of Morgan Stanley in a research report on Tuesday, June 21st. Vetr upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $27.68 price target on the stock in a research report on Monday, June 6th. Deutsche Bank AG restated a “hold” rating on shares of Morgan Stanley in a research report on Sunday, June 26th. Finally, Nomura restated a “buy” rating and issued a $34.00 price target on shares of Morgan Stanley in a research report on Friday, July 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $31.97.

In related news, insider Jeffrey S. Brodsky sold 19,955 shares of the company’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $28.79, for a total transaction of $574,504.45. Following the transaction, the insider now owns 123,710 shares in the company, valued at approximately $3,561,610.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO James A. Rosenthal sold 91,426 shares of the company’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $29.06, for a total transaction of $2,656,839.56. Following the transaction, the chief operating officer now owns 270,880 shares in the company, valued at approximately $7,871,772.80. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

About Morgan Stanley

Morgan Stanley is a financial holding company. The Company is a global financial services firm that, through its subsidiaries and affiliates, advises, and originates, trades, manages and distributes capital for, governments, institutions and individuals. Its segments include Institutional Securities, Wealth Management and Investment Management.

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