5 Best Dividend Stocks According to Edgar Wachenheim’s Greenhaven Associates

3. Morgan Stanley (NYSE:MS)

Number of Hegde Fund Holders: 61
Dividend Yield as of May 24: 3.40%
Greenhaven Associates’ Stake Value: $874,000

Morgan Stanley (NYSE:MS) reported solid Q1 2022 results. The company posted $5.12 billion in asset management, up 16% from the prior-year quarter. Moreover, the company’s revenue for the quarter was recorded at roughly $15 billion, which beat market consensus by $640 million.

On account of the strong Q1 results by Morgan Stanley (NYSE:MS), in April, BMO Capital raised its price target on the stock to $113, with an Outperform rating on the shares.

Artisan Partners mentioned Morgan Stanley (NYSE:MS) in its Q3 2021 investor letter. Here is what the firm has to say:

“Morgan Stanley, a leading global financial services company, came into the portfolio in late 2020 as a result of its purchase of E*TRADE. The acquisition is a great fit for Morgan Stanley’s wealth management platform and provides a considerable amount of non-interest-bearing deposit funding. James Gorman, chairman and CEO, has steadily derisked the business by adding less volatile fee streams to complement its leading positions in cyclical businesses such as advisory, equities and FICC (fixed income, currencies and commodities). We believe the company will prove its resiliency and value over the long term.”