Public Employees Retirement Association of Colorado reduced its stake in shares of Morgan Stanley (NYSE:MS) by 77.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 538,297 shares of the financial services provider’s stock after selling 1,877,394 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Morgan Stanley were worth $13,985,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Handelsbanken Fonder AB purchased a new stake in shares of Morgan Stanley during the second quarter valued at about $205,000. Davis R M Inc. purchased a new stake in shares of Morgan Stanley during the second quarter valued at about $215,000. E&G Advisors LP purchased a new stake in shares of Morgan Stanley during the second quarter valued at about $234,000. Pitcairn Co. increased its stake in shares of Morgan Stanley by 7.0% in the second quarter. Pitcairn Co. now owns 9,067 shares of the financial services provider’s stock valued at $235,000 after buying an additional 592 shares during the period. Finally, BlueMountain Capital Management LLC increased its stake in shares of Morgan Stanley by 248.8% in the first quarter. BlueMountain Capital Management LLC now owns 9,591 shares of the financial services provider’s stock valued at $240,000 after buying an additional 6,841 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

Shares of Morgan Stanley (NYSE:MS) traded down 0.56% during midday trading on Thursday, hitting $31.73. 8,884,734 shares of the company were exchanged. 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 $31.80 and its 200 day moving average price is $28.14. The firm has a market cap of $60.66 billion, a P/E ratio of 14.68 and a beta of 2.09.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.16. The business had revenue of $8.91 billion for the quarter, compared to analysts’ expectations of $8.30 billion. Morgan Stanley had a return on equity of 6.41% and a net margin of 13.27%. Morgan Stanley’s quarterly revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.79 earnings per share. Equities analysts expect that Morgan Stanley will post $2.50 EPS for the current year.

Several brokerages have issued reports on MS. Barclays PLC reaffirmed a “hold” rating on shares of Morgan Stanley in a research report on Saturday, July 9th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Morgan Stanley in a research report on Sunday, June 26th. Vetr raised shares of Morgan Stanley from a “sell” rating to a “hold” rating and set a $26.38 price objective for the company in a research report on Wednesday, July 13th. RBC Capital Markets set a $32.00 price objective on shares of Morgan Stanley and gave the company a “buy” rating in a research report on Thursday, July 21st. Finally, Berenberg Bank began coverage on shares of Morgan Stanley in a research report on Wednesday, July 13th. They issued a “hold” rating and a $29.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $32.42.

In other news, insider Keishi Hotsuki sold 246,452 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $30.27, for a total transaction of $7,460,102.04. Following the sale, the insider now directly owns 455,191 shares in the company, valued at $13,778,631.57. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Stanley Morgan sold 357 shares of the business’s stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $23,750.00, for a total value of $8,478,750.00. The disclosure for this sale can be found here. 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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