Diamond Hill Loves Financial Stocks, Especially These Five Companies

Diamond Hill reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 42,263 shares in the second quarter, and reported ownership of 5.03 million shares valued at $312.4 million as of the end of June. A total of 99 funds from our database amassed $7.23 billion worth of JPMorgan Chase’s shares at the end of the second quarter, compared to 97 funds holding $6.93 billion worth of stock a quarter earlier. JPMorgan Chase is scheduled to release its third-quarter results on October 14 and the consensus among analysts stands for earnings of $1.38 per share on revenue of $23.87 billion.

In Metflife Inc (NYSE:MET), Diamond Hill reported a $293.02 million position that contained 7.35 million shares. The fund was among 45 investor tracked by us that held $1.40 billion worth of MetLife’s stock, equal to 3.20%  of the float, at the end of June. Last month, MetLife Inc (NYSE:MET) reported earnings of $0.83 per share for its second quarter, missing the expectations of $1.35 per share, while the company’s revenue of $16.96 billion, was $300 million lower than anticipated.

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