5 Financial Services Dividend Stocks with Over 4% Yield

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.