5 Dividend Stocks in Crispin Odey’s Hedge Fund Portfolio

In this article, we will discuss 5 dividend stocks in Crispin Odey’s hedge fund portfolio. If you want to see our detailed analysis of these stocks and Odey Asset Management’s history and past performance you can go to 10 Dividend Stocks in Crispin Odey’s Hedge Fund Portfolio.

5. Morgan Stanley (NYSE:MS)

Stake Value of Odey Asset Management Group: $4,807,000

Percentage of Odey Asset Management Group’s 13F Portfolio: 1.28%

Number of Hedge Fund Holders: 65

Dividend Yield as of January 5: 2.69%

Morgan Stanley (NYSE:MS) operates as an American multinational investment bank and financial services company. On January 3 Barclays analyst Jason Goldberg raised his price target on Morgan Stanley (NYSE:MS) to $123 from $110 and kept an Overweight rating on the shares.

By the end of the third quarter of 2021, 65 hedge funds held stakes in Morgan Stanley (NYSE:MS) worth $4.99 billion. Odey Asset Management Group’s stake in the financial services company was valued at roughly $4.80 million, which accounted for 1.28% of the fund’s 13F portfolio.

Here is what Artisan Partners had to say about Morgan Stanley (NYSE:MS) in their third-quarter 2021 investor letter:

“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.”