5 Best Vanguard Dividend Stocks with High Yields

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

Number of Hedge Fund Holders: 107

Dividend Yield (as of May 17): 3.28%

JPMorgan Chase & Co. (NYSE:JPM) is the largest bank in the United States with a market capitalization of $358.85 billion. The New York-based firm offers a range of financial and asset management services. It posts a solid dividend yield of 3.28% as of May 17.

On May 3, Oppenheimer analyst Chris Kotowski upgraded JPMorgan Chase & Co. (NYSE:JPM) to ‘Outperform’ from ‘Perform’ with a $167 price target. He sees more than 30% upside for the stock in the 12-18 months ahead, and believes investors should take advantage of the recent weakness in share price.

107 hedge funds were long JPMorgan Chase & Co. (NYSE:JPM) at the end of Q4 2021, with a collective price tag of $6.58 billion. This shows a positive trend from a quarter ago where 101 hedge funds held stakes in the firm. According to its portfolio for Q1 2022, Fisher Asset Management was the largest shareholder of JPMorgan Chase & Co. (NYSE:JPM) with a stake consisting of 7.76 million shares valued at $1.05 billion.

For Q1 2022, JPMorgan Chase & Co. (NYSE:JPM) posted earnings per share of $2.63, missing estimates by $0.08. Quarterly revenue stood at $30.72 billion, above estimates by $318.5 million.

Investment firm ClearBridge Investments talked about JPMorgan Chase & Co. (NYSE:JPM) in its Q4 2021 investor letter. Here’s what the fund had to say:

“Our energy and financials holdings kept pace in the 2021 rally.  In financials, JPMorgan benefited from strong economic growth, a rise in Treasury yields, and a benign credit environment.”