5 Best Dividend Achievers to Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 111
Dividend Yield: 2.38%
Number of Years of Consistent Dividend Growth: 10

JPMorgan Chase & Co. (NYSE: JPM), a US-based multinational investment banking corporation, ranks 1st on our list of the best dividend achievers to buy according to hedge funds. The company is based in New York and offers a range of financial services to its customers.

BMO Capital has a Market Perform rating on JPMorgan Chase & Co. (NYSE: JPM) alongside a raised price target of $141 versus the previous $136 price target as of this July.

In the second quarter of 2021, JPMorgan Chase & Co. (NYSE: JPM) had an EPS of $3.78, beating estimates by $0.62. The company’s revenue was $30.48 billion and beating estimates by $762.45 million. JPMorgan Chase & Co. (NYSE: JPM) has also gained 16.4% in the past 6 months and 20.32% 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 $6.96 billion.

You can also take a look at 10 Best Dividend Champions to Buy Now and 10 Best Dividend Aristocrats to Buy According to Hedge Funds.

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