5 Best Dividend Stocks to Buy According to Sculptor Capital

In this article, we will discuss the 5 best dividend stocks to buy according to Sculptor Capital. If you want to read our detailed analysis of the hedge fund and its developments, go directly to read 10 Best Dividend Stocks to Buy According to Sculptor Capital.

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

Number of Hedge Fund Holders: 101
Dividend Yield as of February 4: 2.69%
Sculptor Capital’s Stake Value: $209,320,000

JPMorgan Chase & Co. (NYSE:JPM) is an American multinational investment bank and financial services company. This January, UBS appreciated the bank’s Q4 earnings beat and set a $197 price target on the stock, with a Buy rating on the shares.

JPMorgan Chase & Co. (NYSE:JPM) holds an 11-year track record of consistent dividend growth. In 2021, the company increased its dividend by 11.1% at $1.00 per share, with a dividend yield of 2.69%. In Q3 2021, Sculptor Capital held roughly 1.3 million shares in JPMorgan Chase & Co. (NYSE:JPM), worth over $209.3 million. The hedge fund increased its position in the company by 34% during the quarter.

In Q3 2021, 101 hedge funds in Insider Monkey’s database held stakes in JPMorgan Chase & Co. (NYSE:JPM), down from 108 in the previous quarter. The total value of these stakes is over $5.63 billion. Ken Fisher’s Fisher Asset Management was the company’s largest shareholder in Q3, owning a stake worth over $1.16 billion.

Giverny Capital mentioned JPMorgan Chase & Co. (NYSE:JPM) in its Q4 2021 investor letter. Here is what the firm has to say:

“I sold some of our JP Morgan Chase in the fourth quarter, redeploying the proceeds and a bit of available cash into M&T Bank. JP Morgan is the nation’s best giant bank and I am optimistic about its
future. GCAM still owns some. But M&T has a multi-decade record of excellent results, a strong balance sheet and conservative loan loss reserves. Importantly, it is extremely sensitive to rising interest rates.

JP Morgan generates income from traditional bank lending, but also from trading, investment banking and wealth management. It is the nation’s largest credit card issuer and also does business with about 80% of the Fortune 500. M&T is more oriented to commercial real estate lending and could be a major beneficiary of higher interest rates, as it has a lot of excess cash on its balance sheet and a stable core deposit base. As rates rise, it will have plenty of ability to make loans. Alternatively, M&T could buy back a lot of stock with that surplus cash.”