Wall Street's Most Accurate Analysts Give Their Take On 3 Financial Stocks With Over 7% Dividend Yields
Author: Avi Kapoor | June 11, 2024 07:38am
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the financial sector.
Piper Sandler analyst Matthew Clark reiterated an Overweight rating with a price target of $27 on June 5. This analyst has an accuracy rate of 66%.
Barclays analyst Jared Shaw maintained an Equal-Weight rating and raised the price target from $20 to $21 on April 26. This analyst has an accuracy rate of 61%.
Recent News: On May 13, Columbia Banking System announced a 36 cents per common share dividend.
BMO Capital analyst James Fotheringham maintained a Market Perform rating and increased the price target from $48 to $50 on May 2. This analyst has an accuracy rate of 73%.
JP Morgan analyst Richard Shane maintained an Overweight rating and raised the price target from $51 to $52 on May 1. This analyst has an accuracy rate of 67%.
Recent News: On April 30, OneMain Holdings posted better-than-expected quarterly earnings.
JMP Securities analyst Devin Ryandowngraded the stock from Market Outperform to Market Perform on May 15. This analyst has an accuracy rate of 80%.
Raymond James analyst Robert Doddmaintained an Outperform rating and raised the price target from $24 to $26.5 on Jan. 31. This analyst has an accuracy rate of 67%.
Recent News: On May 14, Capital Southwest posted better-than-expected fourth-quarter results.
