Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 66.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,262 shares of the asset manager's stock after buying an additional 4,493 shares during the period. JPMorgan Chase & Co. owned approximately 0.41% of Diamond Hill Investment Group worth $1,820,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Barclays PLC boosted 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 valued at $753,000 after buying an additional 3,429 shares during the period. Geode Capital Management LLC grew its position 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 valued at $11,797,000 after acquiring an additional 1,215 shares during the last quarter. Y Intercept Hong Kong Ltd increased its stake in Diamond Hill Investment Group by 5.2% in the third quarter. Y Intercept Hong Kong Ltd now owns 1,926 shares of the asset manager's stock worth $311,000 after purchasing an additional 96 shares during the period. Dean Investment Associates LLC lifted its position in shares of Diamond Hill Investment Group by 3.5% during the third quarter. Dean Investment Associates LLC now owns 25,188 shares of the asset manager's stock worth $4,071,000 after purchasing an additional 847 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in Diamond Hill Investment Group by 34.7% in the 3rd 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 during the period. Hedge funds and other institutional investors own 65.50% of the company's stock.

Insider Buying and Selling at Diamond Hill Investment Group

In related news, Director James F. Laird, Jr. sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $168.53, for a total transaction of $842,650.00. Following the completion of the sale, the director now owns 20,000 shares of the company's stock, valued at $3,370,600. This represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Pierre Nicole Renee St. sold 300 shares of Diamond Hill Investment Group stock in a transaction on Friday, November 8th. The stock was sold at an average price of $167.00, for a total transaction of $50,100.00. Following the completion of the transaction, the director now directly owns 4,187 shares in the company, valued at $699,229. This represents a 6.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,600 shares of company stock valued at $2,136,080. 3.50% of the stock is currently owned by corporate insiders.

Diamond Hill Investment Group Trading Up 0.6 %

Shares of DHIL traded up $0.93 during midday trading on Thursday, reaching $150.22. 15,905 shares of the stock were exchanged, compared to its average volume of 14,425. The company's 50 day moving average is $158.24 and its two-hundred day moving average is $156.67. The company has a market capitalization of $408.60 million, a P/E ratio of 8.51 and a beta of 1.02. Diamond Hill Investment Group, Inc. has a 52 week low of $135.44 and a 52 week high of $173.25.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last posted its earnings results on Monday, November 4th. The asset manager reported $3.35 EPS for the quarter. Diamond Hill Investment Group had a net margin of 33.88% and a return on equity of 20.00%. The business had revenue of $39.02 million for the quarter.

Diamond Hill Investment Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were issued a dividend of $1.50 per share. The ex-dividend date was Friday, November 22nd. This represents a $6.00 dividend on an annualized basis and a yield of 3.99%. Diamond Hill Investment Group's dividend payout ratio is currently 33.98%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Diamond Hill Investment Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, November 6th.

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.