Wall Street's Most Accurate Analysts Say Buy These 3 Financial Stocks With Over 4% Dividend Yields
Portfolio Pulse from Lisa Levin
Wall Street's most accurate analysts recommend buying three financial stocks with over 4% dividend yields: Morgan Stanley, The Carlyle Group Inc., and Ally Financial Inc. These stocks are favored during market uncertainty due to their high free cash flows and substantial dividend payouts. Recent analyst ratings and price target adjustments for these companies have been provided, along with notable corporate news such as leadership changes and acquisition deals.
November 24, 2023 | 2:16 pm
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POSITIVE IMPACT
Ally Financial Inc. has a dividend yield of 4.43%. Citigroup and BMO Capital analysts have given Buy and Outperform ratings with price targets of $35 and $40, respectively. Ally Financial reported upbeat earnings for the third quarter.
Strong third-quarter earnings and high dividend yield are likely to attract investors, and the positive analyst ratings provide additional support for a potential increase in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
The Carlyle Group Inc. has a dividend yield of 4.32%. Barclays and Oppenheimer analysts have maintained positive ratings with price targets of $39 and $53, respectively. Carlyle Group sold its stake in a strategic partnership with McDonald's in China, Hong Kong, and Macau.
The sale of Carlyle Group's stake in the McDonald's partnership could be viewed positively, as it may free up capital and resources. Combined with strong analyst ratings, this could lead to a short-term positive impact on the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Morgan Stanley has a dividend yield of 4.33%. Analysts from Oppenheimer and BMO Capital have given Outperform ratings with price targets of $103 and $101, respectively. The company has also announced a new CEO, Edward Pick, effective Jan. 1, 2024.
Positive analyst ratings and a stable dividend yield, coupled with the appointment of a new CEO, could instill investor confidence and drive short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90