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After the financial crisis, many investors avoided financial stocks like the plague. Sure, they lost a lot of money, but the economy is on the rebound and so are financial stocks. We recently took a look at some of the financial stocks on the market and found seven that deserve some extra attention. They have market caps over $2 billion, and like many financial stocks, they tend to have a higher dividend yield than their larger counterparts – like Bank of America (NYSE:BAC) which pays a dividend yield of just 0.7% or Citigroup (NYSE:C) which pays an even lower dividend yield of 0.1%. The stocks on our list also have P/E ratios under 15, payout ratios under 55%, and P/B ratios under 1.30.

BlackRock, Inc. (NYSE:BLK) is an asset management company with a $32.08 billion market cap. It is currently priced at 14.14 times its earnings and has a P/B ratio of 1.30. BLK pays a 3.07% dividend yield, with a payout ratio of 28.64%. It has a beta of 1.50, meaning it is about 50% more volatile than the market. BLK recently traded at $179.43 a share. Bill Miller’s Legg Mason Capital Management had $160.25 million in BLK at the end of September after increasing its holding by +5% during the third quarter. John Paulson’s Paulson & Co is also a fan. The fund held $146.37 million in BLK at the end of the third quarter.

Brookfield Properties Corporation (NYSE:BPO) is a property management company with a $7.93 billion market cap. It is currently priced at 3.85 times its earnings and has a P/B ratio of 0.81. BPO pays a 3.56% dividend yield, with a payout ratio of 12.90%. It has a beta of 1.87, meaning it is 87% more volatile than the market. BPO recently traded at $15.74 a share. Ken Griffin’s Citadel Investment Group had $21.74 million in BPO. D.E. Shaw was also bullish on BPO. It opened a new $7.76 million position in the company during the third quarter.

M&T Bank Corp. (NYSE:MTB) is a regional banking company serving the Northeast. It has a $9.95 billion market cap. The company is currently priced at 11.47 times its earnings and has a P/B ratio of 1.06. MTB pays a 3.53% dividend yield, with a payout ratio of 41.09%. It has a beta of 0.82, meaning it is around 20% less volatile than the market. MTB recently traded at $78.96 a share. Warren Buffett’s Berkshire Hathaway had more than $376.20 million invested in MTB at the end of the third quarter. Jim Simons’ Renaissance Technologies is also a fan. The fund increased its position in MTB by +370% during the third quarter, to $9.01 million at the end of September.

NYSE Euronext, Inc. (NYSE:NYX) is a diversified investments company with a $7.11 billion market cap. It is currently priced at 11.07 times its earnings and has a P/B ratio of 1.03. NYX pays a 4.42% dividend yield, with a payout ratio of 48.77%. It has a beta of 1.63, meaning it is roughly 60% more volatile than the market. NYX recently traded at $26.64 a share. Jean-Marie Eveillard’s First Eagle Investment Management initiated a new position in NYX worth $54.11 million during the third quarter. Jeffrey Tannenbaum’s Fir Tree was equally bullish on NYX. It also opened a new position in the company, of $51.31 million.

Waddell & Reed Financial, Inc. (NYSE:WDR) is an asset management company with a $2.21 billion market cap. It is currently priced at 12.21 times its earnings and has a P/B ratio of 4.25. WDR pays a 3.86% dividend yield, with a payout ratio of 37.87%. It has a beta of 1.71, meaning it is around 70% more volatile than the market. WDR recently traded at $25.94 a share. Chuck Royce’s Royce & Associates had $58.52 million in WDR after increasing its position in the company by +5% during the third quarter. Ken Fisher’s Fisher Asset Management was also a fan, increasing its stake in WDR by +18% to $51.39 million.



Disclosure: I am long C.

Source: 5 Dividend-Yielding Financial Stocks With Low P/E Ratios