In this article, we will take a look at the 5 dividend stocks to buy according to Greg Eisner’s Engineers Gate Manager. If you are interested in reading our comprehensive analysis of the history, investment philosophy, and hedge fund preference of Greg Eisner’s Engineers Gate Manager, head over to 10 Dividend Stocks to Buy According to Greg Eisner’s Engineers Gate Manager.
5. Archer Daniels Midland Company (NYSE:ADM)
Engineers Gate Manager’s Stake Value: $6.312 million
Percentage of Engineers Gate Manager’s 13F Portfolio: 0.4%
Number of Hedge Fund Holders as of Q2 2021: 41
Dividend Yield: 2.25%
Headquartered in Chicago, Illinois, and founded in 1902, Archer-Daniels-Midland Company (NYSE: ADM) deals in processed food products and trades in commodities. Engineers Gate Manager increased its stakes in Archer-Daniels-Midland Company (NYSE: ADM) by 165% during the second quarter of 2021, which indicates a positive hedge fund sentiment.
On October 26, Archer-Daniels-Midland Company (NYSE: ADM) reported its Q3 2021 revenue to be $20.34 billion, which surpassed estimates by $2.18 billion. As a result of the company’s strong earnings, on October 27, Chris Shaw, an analyst at Monness Crespi, raised the firm’s price target on Archer-Daniels-Midland Company (NYSE: ADM) from $70 to $74 and maintained a “Buy” rating on its shares.
4. State Street Corporation (NYSE:STT)
Engineers Gate Manager’s Stake Value: $6.729 million
Percentage of Engineers Gate Manager’s 13F Portfolio: 0.43%
Number of Hedge Fund Holders as of Q2 2021: 37
Dividend Yield: 2.37%
A financial services and bank holding company, State Street Corporation (NYSE: STT) offers investment servicing and investment management services to its clients.
On October 18, the company announced its Q3 2021 revenue of $2.99 billion, which beat the consensus by $30 million. Resultantly, on October 19, Jeffery Harte, an analyst at Piper Sandler increased the firm’s price target on State Street Corporation (NYSE: STT) from $96 to $102 but maintained the “neutral” rating on the company’s shares.
3. American International Group Inc (NYSE:AIG)
Engineers Gate Manager’s Stake Value: $7.803 million
Percentage of Engineers Gate Manager’s 13F Portfolio: 0.5%
Number of Hedge Fund Holders as of Q2 2021: 39
Dividend Yield: 2.25%
American International Group Inc (NYSE: AIG) is a global finance and investments company. Founded in 1919, the company currently offers its services in more than 80 countries around the world. American International Group Inc (NYSE: AIG) is a new addition to Engineers Gate Manager’s 13F portfolio as its shares were acquired during the second quarter of 2021.
On November 4, the company revealed its Q3 2021 EPS to be $1.92 which beat estimates by $1.06.
2. Metlife Inc (NYSE:MET)
Engineers Gate Manager’s Stake Value: $7.816 million
Percentage of Engineers Gate Manager’s 13F Portfolio: 0.5%
Number of Hedge Fund Holders as of Q2 2021: 41
Dividend Yield: 3.04%
Metlife Inc (NYSE: MET) is the holding company for the Metropolitan Life Insurance Company. Founded in 1868 and based in New York City, New York, the company presently offers its insurance services in more than 60 countries.
On November 3, Metlife Inc (NYSE: MET) announced its Q3 2021 revenue of $16.9 billion, beating the consensus of $16.28 billion by $620 million. The stock has a sizable dividend yield of 3.04% as of November 17.
1. Truist Financial Corporation (NYSE:TFC)
Engineers Gate Manager’s Stake Value: $8.118 million
Percentage of Engineers Gate Manager’s 13F Portfolio: 0.52%
Number of Hedge Fund Holders as of Q2 2021: 39
Dividend Yield: 3.08%
Truist Financial Corporation (NYSE: TFC) is an American bank holding company. It emerged in 2019 due to the merger of BB&T and SunTrust Banks. The company offers banking services, loans, and opportunities for investment to its clientele.
On October 15, Truist Financial Corporation (NYSE: TFC) announced its earnings for the third quarter of 2021. The revenue was reported as $5.6 billion, surpassing the estimates of $5.53 billion by $70 million. Moreover, the EPS for Q3 2021 was $1.42, beating the consensus of $1.21 by $0.21.
You can also take a peek at the 15 Dividend Stocks People Buy for Early Retirement and 10 Best Tech ETFs to Buy According to Reddit.
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