5 Best Blue Chip Dividend Stocks Hedge Funds are Buying

1. JPMorgan Chase & Co. (NYSE: JPM)

Number of Hedge Fund Holders: 111
Dividend Yield: 2.3%

JPMorgan Chase & Co. (NYSE: JPM) is next and last on our list of the best blue chip dividend stocks hedge funds are buying and ranks 1st. The company is among the most renowned financial services corporations operating across the globe in the diversified banks industry, and has headquarters in New York.

This July, Credit Suisse raised its price target on shares of JPMorgan Chase & Co. (NYSE: JPM). The new target is up $7 from the previous $170, standing at $177. The firm also holds an Outperform rating on JPMorgan Chase & Co. (NYSE: JPM).

In the second quarter of 2021, JPMorgan Chase & Co. (NYSE: JPM) had an EPS of $3.78, beating estimates by $0.61. The company’s revenue was $30.48 billion, also beating estimates by $762.45 million. JPMorgan Chase & Co. (NYSE: JPM) has also gained 12.65% in the past 6 months and 24.99% year to date.

By the end of the first quarter of 2021, 111 hedge funds out of the 866 tracked by Insider Monkey held stakes in JPMorgan Chase & Co. (NYSE: JPM) worth roughly $5.25 billion. This is compared to 112 hedge funds in the previous quarter with a total stake value of approximately $6.97 billion.

You can also take a look at 10 Best Dividend Paying Stocks to Buy Under $50 and 10 Best Dividend Stocks Under $20.

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