JPMorgan Chase & Co. $JPM is Financial Partners Group LLC’s 3rd Largest Position

Financial Partners Group LLC reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,413 shares of the financial services provider’s stock after selling 512 shares during the period. JPMorgan Chase & Co. makes up 4.9% of Financial Partners Group LLC’s portfolio, making the stock its 3rd largest holding. Financial Partners Group LLC’s holdings in JPMorgan Chase & Co. were worth $13,456,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after purchasing an additional 4,841 shares during the period. Clare Market Investments LLC boosted its stake in shares of JPMorgan Chase & Co. by 55.2% during the 1st quarter. Clare Market Investments LLC now owns 11,193 shares of the financial services provider’s stock worth $2,746,000 after purchasing an additional 3,980 shares during the period. Warren Street Wealth Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 2.2% during the 1st quarter. Warren Street Wealth Advisors LLC now owns 3,941 shares of the financial services provider’s stock worth $967,000 after purchasing an additional 84 shares during the period. McGrath & Associates Inc. boosted its stake in shares of JPMorgan Chase & Co. by 8.9% during the 1st quarter. McGrath & Associates Inc. now owns 996 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 81 shares during the period. Finally, Channel Wealth LLC boosted its stake in shares of JPMorgan Chase & Co. by 4.8% during the 1st quarter. Channel Wealth LLC now owns 11,094 shares of the financial services provider’s stock worth $2,721,000 after purchasing an additional 507 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Down 1.0%

NYSE:JPM opened at $307.65 on Friday. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $318.01. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $845.96 billion, a P/E ratio of 15.79, a P/E/G ratio of 2.05 and a beta of 1.13. The firm has a 50-day simple moving average of $300.44 and a 200-day simple moving average of $273.96.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same quarter in the previous year, the business posted $6.12 EPS. The company’s quarterly revenue was down 10.5% compared to the same quarter last year. Equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be issued a $1.50 dividend. The ex-dividend date is Monday, October 6th. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 28.73%.

Insider Activity at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the sale, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on JPM shares. Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Piper Sandler reaffirmed an “overweight” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Phillip Securities cut shares of JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 16th. Cowen reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a “hold” rating in a report on Tuesday. Thirteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $303.45.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.