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Wall Street's Most Accurate Analysts Say Hold These 3 Financial Stocks With Over 6% Dividend Yields

Benzinga ·  May 9 08:49

During times of turbulence and uncertainty in the markets, 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.

Columbia Banking System, Inc. (NASDAQ:COLB)

  • Dividend Yield: 7.12%
  • Wedbush analyst David Chiaverini reiterated a Neutral rating with a price target of $20 on April 26. This analyst has an accuracy rate of 66%.
  • RBC Capital analyst Jon Arfstrom maintained a Sector Perform rating and cut the price target from $25 to $21 on April 9. This analyst has an accuracy rate of 75%.
  • Recent News: On April 25, Columbia Banking System reported better-than-expected first-quarter earnings.

OneMain Holdings, Inc. (NYSE:OMF)

  • Dividend Yield: 8.05%
  • BMO Capital analyst JamesFotheringhammaintained a Market Perform rating and raised the price target from $48 to $50 on May 2. This analyst has an accuracy rate of 73%.
  • Piper Sandler analyst Kevin Barker downgraded the stock from Overweight to Neutral with a price target of $49 on Feb. 8. This analyst has an accuracy rate of 74%.
  • Recent News: On April 30, OneMain Holdings posted better-than-expected quarterly earnings.

Lincoln National Corporation (NYSE:LNC)

  • Dividend Yield: 6.15%
  • Piper Sandler analyst JohnBarnidgemaintained a Neutral rating and cut the price target from $32 to $30 on May 6. This analyst has an accuracy rate of 76%.
  • Wells Fargo analyst Elyse Greenspan maintained an Equal-Weight rating and raised the price target from $26 to $28 on April 11. This analyst has an accuracy rate of 77%.
  • Recent News: Lincoln Financial said Lincoln National Corporation will hold its 2024 Annual Meeting of Shareholders on Thursday, May 23.

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Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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