American Century Companies Inc. Acquires 1,754 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

American Century Companies Inc. grew its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 6.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,345 shares of the asset manager’s stock after purchasing an additional 1,754 shares during the quarter. American Century Companies Inc. owned about 0.98% of Diamond Hill Investment Group worth $4,778,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of DHIL. Tower Research Capital LLC TRC raised its holdings in Diamond Hill Investment Group by 308.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 184 shares of the asset manager’s stock worth $30,000 after acquiring an additional 139 shares during the period. Tyler Stone Wealth Management bought a new position in Diamond Hill Investment Group in the 2nd quarter worth $34,000. US Bancorp DE raised its holdings in Diamond Hill Investment Group by 179.5% in the 2nd quarter. US Bancorp DE now owns 246 shares of the asset manager’s stock worth $42,000 after acquiring an additional 158 shares during the period. New York State Teachers Retirement System bought a new position in Diamond Hill Investment Group in the 3rd quarter worth $44,000. Finally, UBS Group AG raised its holdings in Diamond Hill Investment Group by 25.4% in the 3rd quarter. UBS Group AG now owns 301 shares of the asset manager’s stock worth $50,000 after acquiring an additional 61 shares during the period. Institutional investors own 65.50% of the company’s stock.

Diamond Hill Investment Group Stock Performance

NASDAQ:DHIL opened at $153.02 on Thursday. The firm’s 50-day moving average is $154.64 and its 200-day moving average is $159.56. Diamond Hill Investment Group, Inc. has a 52-week low of $144.35 and a 52-week high of $188.28. The company has a market cap of $434.58 million, a price-to-earnings ratio of 10.67 and a beta of 0.96.

Diamond Hill Investment Group (NASDAQ:DHIL) last posted its quarterly earnings data on Thursday, February 29th. The asset manager reported $2.27 earnings per share (EPS) for the quarter. Diamond Hill Investment Group had a net margin of 30.89% and a return on equity of 18.46%. The company had revenue of $33.82 million for the quarter.

Diamond Hill Investment Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $6.00 annualized dividend and a dividend yield of 3.92%. Diamond Hill Investment Group’s payout ratio is 41.84%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Diamond Hill Investment Group from a “hold” rating to a “buy” rating in a report on Thursday, January 25th.

About Diamond Hill Investment Group

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.