When markets waver and investor confidence quivers, high-yield stocks become the financial lifeboats. These buoyant stocks, with their substantial dividend payouts, often stem from companies with robust free cash flows, offering shareholders a tantalizing reward.
To get an accurate read on the latest sentiment from the most reliable Wall Street analysts, financial enthusiasts can peruse Benzinga’s trove of analyst ratings–sorted by analyst accuracy–for the insider scoop on their favorite stocks. Here’s a glimpse at the recent high-yield dividend stock ratings courtesy of Wall Street’s most precise analytic minds.
Here’s a breakdown of what Wall Street’s sharpest analysts are saying about three high-yielding financial stocks.
Truist Financial Corporation TFC
- Dividend Yield: 5.78%
- RBC Capital analyst Gerard Cassidy, renowned for his 64% accuracy, maintained an optimistic Outperform rating and raised the price target from $40 to $42 on Jan. 19, 2024. Fellow sharpshooter, Keefe, Bruyette & Woods analyst David Konrad, with an enviable 74% accuracy, echoed the sentiment by keeping an Outperform rating and upping the price target from $42 to $44 on the same day.
- Recent News: In recent developments, Truist Financial agreed to divest Sterling Capital Management to Guardian Capital Group’s subsidiary.
Virtu Financial, Inc. VIRT
- Dividend Yield: 5.76%
- UBS analyst Alex Kramm, maintaining a Neutral rating with a lowered price target from $20 to $18 on Jan. 26, 2024, flaunts a formidable 74% accuracy rate. Meanwhile, Citigroup analyst Christopher Allen, devilishly accurate at 69%, upheld a Buy rating and trimmed the price target from $22 to $21 on the same date.
- Recent News: Virtu stumbled with worse-than-anticipated fourth-quarter financial results.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. HASI
- Dividend Yield: 6.27%
- Morgan Stanley analyst Robert Kad, with an impressive 75% accuracy, upgraded the stock from Equal-Weight to Overweight, setting a price target of $23 on Oct. 17, 2023. On the other hand, B of A Securities analyst Julien Dumoulin-Smith, with a strong accuracy rate of 67%, raised the stock from Neutral to Buy with a $27 price target on Aug. 15, 2023.
- Recent News: Hannon Armstrong Sustainable Infrastructure Capital sealed an upsized add-on private offering of $200 million in 8.00% green senior unsecured notes maturing in 2027.
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