In this article, we will be taking a look at 5 financial services dividend stocks with over 4% yield. To read our detailed analysis of the financial services sector, you can go directly to see the 10 Financial Services Dividend Stocks with Over 4% Yield.
5. Northwest Bancshares, Inc. (NASDAQ: NWBI)
Number of Hedge Fund Holders: 14
Dividend Yield: 5.8%
Northwest Bancshares, Inc. (NASDAQ: NWBI) is the holding company for Northwest Bank. The bank offers a range of personal and business banking solutions, while its holding company ranks 5th on our list of financial services dividend stocks with over 4% yield.
As of this July, B. Riley Securities holds a Neutral rating on shares of Northwest Bancshares, Inc. (NASDAQ: NWBI). The firm’s analyst Steve Moss also has a $14 price target on the company’s shares.
In the second quarter of 2021, Northwest Bancshares, Inc. (NASDAQ: NWBI) had an EPS of $0.24, missing estimates by $0.03. The company’s revenue of $150.44 million was up 12.62% year over year and beat estimates by $19.37 million. Northwest Bancshares, Inc. (NASDAQ: NWBI) has gained 5.21% year to date and 28.82% in the past year.
By the end of the first quarter of 2021, 14 hedge funds out of the 866 tracked by Insider Monkey held stakes in Northwest Bancshares, Inc. (NASDAQ: NWBI) worth roughly $32.7 million. This is compared to 9 hedge funds in the previous quarter with a total stake value of approximately $21.2 million.
4. Artisan Partners Asset Management Inc. (NYSE: APAM)
Number of Hedge Fund Holders: 21
Dividend Yield: 5.9%
Artisan Partners Asset Management Inc. (NYSE: APAM), a publicly-owned investment management company, ranks 4th on our list of financial services dividend stocks with over 4% yield. The company offers financial services to pension and profit-sharing plans, trusts, endowments, foundations, charitable organizations, government bodies, private funds, and non-US funds, among others.
Keefe Bruyette analyst Robert Lee as of this July holds a Market Perform rating on shares of Artisan Partners Asset Management Inc. (NYSE: APAM). The analyst also holds a $55 price target on the stock.
In the second quarter of 2021, Artisan Partners Asset Management Inc. (NYSE: APAM) had an EPS of $1.28, beating estimates by $0.03. The company’s revenue of $304.90 million was up 50.20% year over year and beat estimates by $2.25 million. Artisan Partners Asset Management Inc. (NYSE: APAM) has gained 1.22% in the past 6 months and 6.36% year to date.
By the end of the first quarter of 2021, 21 hedge funds out of the 866 tracked by Insider Monkey held stakes in Artisan Partners Asset Management Inc. (NYSE: APAM) worth roughly $279 million. This is compared to 21 hedge funds in the previous quarter with a total stake value of approximately $317 million.
3. United Insurance Holdings Corp. (NASDAQ: UIHC)
Number of Hedge Fund Holders: 7
Dividend Yield: 5.9%
United Insurance Holdings Corp. (NASDAQ: UIHC) is a property and casualty insurance holding company working to source, write, and service residential personal and commercial property and casualty insurance policies in the US. The company ranks 3rd on our list of financial services dividend stocks with over 4% yield.
As of this August, Raymond James analyst Gregory Peters holds a Market Perform rating on shares of United Insurance Holdings Corp. (NASDAQ: UIHC).
In the second quarter of 2021, United Insurance Holdings Corp. (NASDAQ: UIHC) had an EPS of -$0.57, missing estimates by $0.44. The company’s revenue of $155.45 million also missed estimates by $8.59 million.
By the end of the first quarter of 2021, 7 hedge funds out of the 866 tracked by Insider Monkey held stakes in United Insurance Holdings Corp. (NASDAQ: UIHC) worth roughly $9.7 million. This is compared to 9 hedge funds in the previous quarter with a total stake value of approximately $7.4 million.
2. Ellington Financial Inc. (NYSE: EFC)
Number of Hedge Fund Holders: 6
Dividend Yield: 9%
Ellington Financial Inc. (NYSE: EFC) and its subsidiary company Ellington Financial Operating Partnership LLC, acquire and manage mortgage, consumer, corporate, and other financial assets. The company operates mainly in the US and ranks 2nd on our list of financial services dividend stocks with over 4% yield.
As of this May, BTIG has a raised price target on shares of Ellington Financial Inc. (NYSE: EFC) of $19. Analyst Eric Hagen is behind the increase in price target, and also reiterated his Buy rating on the shares in the same month.
In the second quarter of 2021, Ellington Financial Inc. (NYSE: EFC) had an FFO of $0.51, beating estimates by $0.05. The company’s revenue of $45.89 million was up 16.82% year over year and beating the previous quarter’s $40.08 million revenue as well. Ellington Financial Inc. (NYSE: EFC) has gained 14.13% in the past 6 months and 26.71% year to date.
By the end of the first quarter of 2021, 6 hedge funds out of the 866 tracked by Insider Monkey held stakes in Ellington Financial Inc. (NYSE: EFC) worth roughly $38.7 million. This is compared to 9 hedge funds in the previous quarter with a total stake value of approximately $40.5 million.
1. Sculptor Capital Management, Inc. (NYSE: SCU)
Number of Hedge Fund Holders: 17
Dividend Yield: 10.4%
Sculptor Capital Management, Inc. (NYSE: SCU), a publicly-owned hedge fund sponsor, offers investment and advisory services to its clients. The company works with institutional investments including pension funds, fund-of-funds, foundations, endowments, corporations, and others. It ranks 1st on our list of financial services dividend stocks with over 4% yield.
This August, an analyst at Citigroup, William Katz, raised his price target on shares of Sculptor Capital Management, Inc. (NYSE: SCU) from $48.50 to $52. The analyst also reiterated a Buy rating on the stock.
In the second quarter of 2021, Sculptor Capital Management, Inc. (NYSE: SCU) had an EPS of $1.12, beating estimates by $0.67. The company’s revenue of $132.23 million was up 36.17% year over year and beat estimates by $42.79 million. Sculptor Capital Management, Inc. (NYSE: SCU) has gained 35.55% in the past 6 months and 84.18% year to date.
By the end of the first quarter of 2021, 17 hedge funds out of the 866 tracked by Insider Monkey held stakes in Sculptor Capital Management, Inc. (NYSE: SCU) worth roughly $90.5 million. This is compared to 17 hedge funds in the previous quarter with a total stake value of approximately $73.3 million.
You can also take a look at Top 15 Financial Centers/Cities of The World and 10 Best Stocks to Buy for Financial Independence.
