Burleson & Company LLC Buys 2,961 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Burleson & Company LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 7.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,553 shares of the financial services provider’s stock after acquiring an additional 2,961 shares during the quarter. Burleson & Company LLC’s holdings in JPMorgan Chase & Co. were worth $4,567,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at $4,092,843,000. Vanguard Group Inc. lifted its position in JPMorgan Chase & Co. by 2.6% during the first quarter. Vanguard Group Inc. now owns 266,854,574 shares of the financial services provider’s stock valued at $36,377,615,000 after purchasing an additional 6,792,220 shares during the last quarter. GQG Partners LLC lifted its position in JPMorgan Chase & Co. by 403.3% during the fourth quarter. GQG Partners LLC now owns 5,095,612 shares of the financial services provider’s stock valued at $806,728,000 after purchasing an additional 4,083,231 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in JPMorgan Chase & Co. by 7,427.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock valued at $363,169,000 after purchasing an additional 2,628,701 shares during the last quarter. Finally, State Street Corp lifted its position in JPMorgan Chase & Co. by 1.6% during the fourth quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock valued at $22,441,376,000 after purchasing an additional 2,277,065 shares during the last quarter. Institutional investors own 68.57% of the company’s stock.

JPMorgan Chase & Co. Trading Down 1.1 %

JPM stock opened at $111.21 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $326.13 billion, a PE ratio of 8.93, a P/E/G ratio of 2.04 and a beta of 1.10. The firm’s 50-day moving average is $116.09 and its 200 day moving average is $122.16. JPMorgan Chase & Co. has a 12 month low of $106.06 and a 12 month high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its earnings results on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.09). The business had revenue of $30.72 billion for the quarter, compared to analysts’ expectations of $31.82 billion. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the business posted $3.78 EPS. On average, research analysts anticipate that JPMorgan Chase & Co. will post 11.33 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Thursday, October 6th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Wednesday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 32.10%.

Analysts Set New Price Targets

Several equities analysts have commented on JPM shares. Oppenheimer lowered their price objective on shares of JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating for the company in a research report on Friday, July 15th. Jefferies Financial Group set a $117.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, September 12th. Morgan Stanley reduced their target price on shares of JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 12th. Piper Sandler reduced their target price on shares of JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday, July 1st. Finally, Evercore ISI reduced their target price on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a research note on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $145.95.

JPMorgan Chase & Co. Profile

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JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

Further Reading

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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