5 Finance Stocks that Pay Dividends

2. Morgan Stanley (NYSE: MS)

Number of Hedge Fund Holders: 79
Dividend Yield: 3%

Morgan Stanley (NYSE: MS) is an investment banking company that operates across the globe and ranks 2nd on our list of finance stocks that pay dividends. The company is headquartered in New York and was founded in 1931.

Citi analyst Keith Horowitz just this July raised the price target on shares of Morgan Stanley (NYSE: MS) to $97. This is compared to the previous price target of $88. The analyst also holds a Neutral rating on Morgan Stanley (NYSE: MS) shares.

In the second quarter of 2021, Morgan Stanley (NYSE: MS) had an EPS of $1.89, beating estimates by $0.23. The company’s revenue was $14.76 billion, up 10.03% year over year and also beating estimates by $763.58 million. Morgan Stanley (NYSE: MS) has also gained 31.79% in the past 6 months and 43.17% year to date.

By the end of the first quarter of 2021, 79 hedge funds out of the 866 tracked by Insider Monkey held stakes in Morgan Stanley (NYSE: MS) worth roughly $5.29 billion. This is compared to 66 billion hedge funds in the previous quarter with a total stake value of approximately $5.67 billion.