In this article, we discuss the 5 financial services stocks to buy according to Nathan Przybylo’s L2 Asset Management. If you want to skip our detailed analysis of these stocks, go directly to 10 Financial Services Stocks to Buy According to Nathan Przybylo’s L2 Asset Management.
5. Morgan Stanley (NYSE:MS)
L2 Asset Management Stake Value: $1.4 million
Percentage of L2 Asset Management’s 13F Portfolio: 1.33%
No. of Hedge Fund Holders: 69
Morgan Stanley (NYSE:MS) is an investment bank and financial services corporation located in Midtown Manhattan, New York City. It ranks fifth on the list of 10 financial services stocks to buy according to Nathan Przybyla’s L2 Asset Management.
Based on latest security filings, L2 Asset Management holds 15,723 shares worth $1.4 million in Morgan Stanley (NYSE:MS). This represents 1.33% of the hedge fund’s 13F portfolio. At the end of the second quarter of 2021, 69 hedge funds in the database of Insider Monkey held stakes worth $5.3 billion in Morgan Stanley (NYSE:MS), down from 79 the preceding quarter worth $5 billion. With 15.5 million shares worth $1.4 billion, Eagle Capital Management is the firm’s leading shareholder.
In its Q2 2021 investor letter, ClearBridge Investments mentioned that Morgan Stanley (NYSE:MS) has been a leader in helping direct capital to address global sustainability challenges. Here is what ClearBridge Investments has to say about the company:
“The Strategy also benefited from strong showings from financials holdings such as recent addition Morgan Stanley, a leading bank holding company offering a variety of financial services worldwide, and one of the largest broker-dealers, investment banks and wealth managers in the U.S. Morgan Stanley has been a leader in helping direct capital to address global sustainability challenges. Its sustainability efforts include capital markets actions such as issuing green bonds and it was early in its support for sustainability in investing and its concern for the environment. Morgan Stanley reported a great quarter with record revenues and strength across the businesses as it works to integrate and find synergies with recent acquisition E*TRADE. Following stress tests for banks, Morgan Stanley increased its dividend and share repurchase plan more than expected.”