American Century Companies Inc. Raises Holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

American Century Companies Inc. lifted its stake in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 28.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,527 shares of the asset manager's stock after acquiring an additional 9,258 shares during the period. American Century Companies Inc. owned 1.53% of Diamond Hill Investment Group worth $6,441,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC raised its position in shares of Diamond Hill Investment Group by 279.9% during the third quarter. Barclays PLC now owns 4,654 shares of the asset manager's stock worth $753,000 after purchasing an additional 3,429 shares during the period. Geode Capital Management LLC raised its holdings in shares of 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 acquiring an additional 1,215 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Diamond Hill Investment Group in the 4th quarter valued at about $527,000. JPMorgan Chase & Co. boosted its stake in Diamond Hill Investment Group by 66.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,262 shares of the asset manager's stock valued at $1,820,000 after purchasing an additional 4,493 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Diamond Hill Investment Group during the 4th quarter worth approximately $3,729,000. 65.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Diamond Hill Investment Group from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th.

Diamond Hill Investment Group Trading Up 4.9 %

Shares of DHIL traded up $6.34 on Wednesday, reaching $135.51. 22,789 shares of the company's stock traded hands, compared to its average volume of 17,198. The stock's 50 day simple moving average is $144.68 and its two-hundred day simple moving average is $153.16. Diamond Hill Investment Group, Inc. has a 52-week low of $128.79 and a 52-week high of $173.25. The stock has a market cap of $377.67 million, a PE ratio of 7.67 and a beta of 0.83.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The asset manager reported $3.66 earnings per share (EPS) for the quarter. The business had revenue of $39.12 million for 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 business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date was Monday, March 10th. Diamond Hill Investment Group's payout ratio is currently 38.39%.

Insider Activity

In other news, Director Richard Scott Cooley purchased 272 shares of Diamond Hill Investment Group stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of $144.00 per share, for a total transaction of $39,168.00. Following the transaction, the director now directly owns 9,659 shares of the company's stock, valued at approximately $1,390,896. This trade represents a 2.90 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders purchased 1,422 shares of company stock worth $205,593. 4.60% of the stock is owned by corporate 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.