JPMorgan Chase & Co. Increases Stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

JPMorgan Chase & Co. boosted its position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 66.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 18,731 shares of the asset manager’s stock after acquiring an additional 7,469 shares during the period. JPMorgan Chase & Co. owned 0.69% of Diamond Hill Investment Group worth $2,905,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Diamond Hill Investment Group by 279.9% in the third quarter. Barclays PLC now owns 4,654 shares of the asset manager’s stock valued at $753,000 after purchasing an additional 3,429 shares in the last quarter. Geode Capital Management LLC boosted its stake in Diamond Hill Investment Group by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 72,980 shares of the asset manager’s stock worth $11,797,000 after purchasing an additional 1,215 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Diamond Hill Investment Group during the 4th quarter valued at about $527,000. Proficio Capital Partners LLC bought a new stake in shares of Diamond Hill Investment Group during the fourth quarter valued at about $3,729,000. Finally, Jane Street Group LLC lifted its holdings in shares of Diamond Hill Investment Group by 34.7% in the third quarter. Jane Street Group LLC now owns 2,863 shares of the asset manager’s stock worth $463,000 after buying an additional 738 shares in the last quarter. 65.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Richard Scott Cooley purchased 500 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $146.00 per share, with a total value of $73,000.00. Following the purchase, the director now directly owns 10,159 shares in the company, valued at approximately $1,483,214. This represents a 5.18 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have purchased 1,422 shares of company stock worth $205,593. Insiders own 4.60% of the company’s stock.

Diamond Hill Investment Group Price Performance

DHIL opened at $128.32 on Wednesday. The firm has a market capitalization of $357.63 million, a P/E ratio of 7.27 and a beta of 0.83. Diamond Hill Investment Group, Inc. has a one year low of $124.00 and a one year high of $173.25. The company has a fifty day moving average price of $141.54 and a 200-day moving average price of $151.36.

Diamond Hill Investment Group (NASDAQ:DHIL) last posted its quarterly earnings data on Wednesday, February 26th. The asset manager reported $3.66 earnings per share (EPS) for the quarter. The company had revenue of $39.12 million during the quarter. Diamond Hill Investment Group had a return on equity of 20.00% and a net margin of 33.88%.

Diamond Hill Investment Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend was Monday, March 10th. Diamond Hill Investment Group’s payout ratio is 38.39%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Diamond Hill Investment Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th.

Diamond Hill Investment Group Profile

Diamond Hill Investment Group, Inc, through its subsidiary, Diamond Hill Capital Management, Inc, provides investment advisory and fund administration services in the United States. It offers investment advisory and related services to clients through pooled vehicles, such as private fund; separately managed accounts; collective investment trusts; and other pooled vehicles, including sub-advised funds and model delivery programs.