JPMorgan Chase & Co. $JPM Stock Position Lifted by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,128 shares of the financial services provider’s stock after purchasing an additional 287 shares during the period. JPMorgan Chase & Co. makes up about 2.0% of Uncommon Cents Investing LLC’s portfolio, making the stock its 6th biggest position. Uncommon Cents Investing LLC’s holdings in JPMorgan Chase & Co. were worth $7,575,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. BayBridge Capital Group LLC grew its position in JPMorgan Chase & Co. by 1.9% during the 2nd quarter. BayBridge Capital Group LLC now owns 6,332 shares of the financial services provider’s stock worth $1,836,000 after purchasing an additional 121 shares during the last quarter. Virginia Wealth Management Group Inc. grew its position in JPMorgan Chase & Co. by 1.1% during the 2nd quarter. Virginia Wealth Management Group Inc. now owns 24,023 shares of the financial services provider’s stock worth $6,964,000 after purchasing an additional 270 shares during the last quarter. Charles Schwab Trust Co grew its position in JPMorgan Chase & Co. by 2.0% during the 2nd quarter. Charles Schwab Trust Co now owns 27,191 shares of the financial services provider’s stock worth $7,883,000 after purchasing an additional 524 shares during the last quarter. Luminvest Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter worth approximately $211,000. Finally, Consolidated Capital Management LLC grew its position in JPMorgan Chase & Co. by 2.9% during the 2nd quarter. Consolidated Capital Management LLC now owns 21,695 shares of the financial services provider’s stock worth $6,290,000 after purchasing an additional 612 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $307.65 on Friday. The company’s fifty day moving average price is $300.44 and its 200 day moving average price is $273.96. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $318.01. The company has a market capitalization of $845.96 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 2.05 and a beta of 1.13. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. During the same period in the prior year, the firm posted $6.12 earnings per share. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. On average, research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Monday, October 6th. JPMorgan Chase & Co.’s payout ratio is currently 28.73%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on JPM shares. Piper Sandler reissued an “overweight” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Zacks Research downgraded shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Friday, June 27th. Finally, HSBC restated a “reduce” rating and set a $259.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Thirteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus target price of $303.45.

Insider Transactions at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the sale, the director directly owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Profile

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.