Deutsche Bank AG Buys 463 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Deutsche Bank AG lifted its stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 49.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,391 shares of the asset manager’s stock after acquiring an additional 463 shares during the period. Deutsche Bank AG owned 0.05% of Diamond Hill Investment Group worth $216,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Dean Capital Management raised its position in shares of Diamond Hill Investment Group by 6.4% in the 4th quarter. Dean Capital Management now owns 16,605 shares of the asset manager’s stock worth $2,575,000 after acquiring an additional 992 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Diamond Hill Investment Group in the 4th quarter worth $109,000. Citadel Advisors LLC raised its position in shares of Diamond Hill Investment Group by 765.3% in the 4th quarter. Citadel Advisors LLC now owns 11,881 shares of the asset manager’s stock worth $1,843,000 after acquiring an additional 10,508 shares in the last quarter. Bank of America Corp DE raised its position in shares of Diamond Hill Investment Group by 13.7% in the 4th quarter. Bank of America Corp DE now owns 6,393 shares of the asset manager’s stock worth $992,000 after acquiring an additional 772 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Diamond Hill Investment Group by 32.3% in the 4th quarter. Ameriprise Financial Inc. now owns 6,529 shares of the asset manager’s stock worth $1,013,000 after acquiring an additional 1,594 shares in the last quarter. 65.50% of the stock is owned by institutional investors.

Diamond Hill Investment Group Price Performance

Shares of DHIL stock opened at $138.69 on Tuesday. Diamond Hill Investment Group, Inc. has a 1-year low of $122.32 and a 1-year high of $173.25. The stock’s fifty day moving average price is $136.18 and its 200 day moving average price is $146.90. The company has a market cap of $378.35 million, a price-to-earnings ratio of 7.85 and a beta of 0.76.

Diamond Hill Investment Group (NASDAQ:DHIL) last announced its earnings results on Tuesday, April 29th. The asset manager reported $3.23 earnings per share for the quarter. Diamond Hill Investment Group had a return on equity of 20.00% and a net margin of 33.88%. The firm had revenue of $37.12 million for the quarter.

Diamond Hill Investment Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $6.00 annualized dividend and a yield of 4.33%. Diamond Hill Investment Group’s dividend payout ratio (DPR) is 40.60%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Diamond Hill Investment Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th.

Insider Buying and Selling

In other news, Director Richard Scott Cooley purchased 1,000 shares of the company’s stock in a transaction on Wednesday, April 30th. The shares were acquired at an average price of $124.50 per share, for a total transaction of $124,500.00. Following the purchase, the director now owns 12,735 shares in the company, valued at $1,585,507.50. This trade represents a 8.52% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired a total of 2,552 shares of company stock worth $344,201 in the last ninety days. 4.60% of the stock is owned by insiders.

Diamond Hill Investment Group Company 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.