5 Best Large Cap Dividend Stocks to Buy According to Hedge Funds

In this article, we will be looking at the 5 best large cap dividend stocks to buy according to hedge funds. If you want to see our detailed analysis of large-cap stocks, and dividend investing, go directly to the 10 Best Large Cap Dividend Stocks to Buy According to Hedge Funds.

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

Number of Hedge Fund Holders: 111
Dividend Yield: 2.6%

JPMorgan Chase & Co. (NYSE: JPM) is a global financial services company. It provides consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management services. The company ranks 5th on our list of the best large cap dividend stocks to buy according to hedge funds.

This July, Credit Suisse analyst Susan Roth Katzke and BMO Capital analyst James Fotheringham both raised price targets on JPMorgan Chase & Co. (NYSE: JPM) shares from $170 to $177 and $136 to $141 respectively. Credit Suisse kept its Outperform rating on JPMorgan Chase & Co. (NYSE: JPM) shares while BMO Capital retained its Market Perform rating.

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, also beating estimates by $762.45 million. JPMorgan Chase & Co. (NYSE: JPM) has gained 11.04% in the past 6 months and 18.94% 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 stakes worth approximately $6.96 billion.