Fairvoy Private Wealth LLC Boosts Stock Holdings in JPMorgan Chase & Co. $JPM

Fairvoy Private Wealth LLC raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 14.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,389 shares of the financial services provider’s stock after acquiring an additional 676 shares during the period. Fairvoy Private Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $1,562,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its holdings 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 valued at $11,682,000 after buying an additional 4,841 shares during the period. GAMMA Investing LLC grew its position in JPMorgan Chase & Co. by 5.8% in the first quarter. GAMMA Investing LLC now owns 96,029 shares of the financial services provider’s stock valued at $23,556,000 after acquiring an additional 5,296 shares in the last quarter. Foresight Capital Management Advisors Inc. acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at approximately $435,000. Donaldson Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.8% in the first quarter. Donaldson Capital Management LLC now owns 344,604 shares of the financial services provider’s stock valued at $84,531,000 after purchasing an additional 2,580 shares during the period. Finally, Focus Financial Network Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.7% in the first quarter. Focus Financial Network Inc. now owns 34,971 shares of the financial services provider’s stock valued at $8,578,000 after purchasing an additional 234 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. 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 completion of the sale, the director owned 82,207 shares of the company’s stock, valued at $24,492,753.58. This trade represents a 10.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $301.12 on Friday. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $318.01. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The business’s 50-day moving average price is $301.61 and its 200 day moving average price is $276.60. The firm has a market cap of $828.00 billion, a P/E ratio of 15.45, a PEG ratio of 1.97 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last issued its 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 return on equity of 16.93% and a net margin of 20.52%.The business had revenue of $44.91 billion for the quarter, compared to analysts’ expectations of $43.76 billion. During the same period in the previous year, the firm posted $6.12 EPS. The company’s quarterly revenue was down 10.5% on a year-over-year basis. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.0%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s dividend payout ratio is currently 30.79%.

Wall Street Analyst Weigh In

JPM has been the subject of a number of recent analyst reports. Piper Sandler restated an “overweight” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Phillip Securities cut JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 16th. Zacks Research cut JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Evercore ISI upped their price target on shares of JPMorgan Chase & Co. from $309.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Finally, The Goldman Sachs Group boosted their target price on shares of JPMorgan Chase & Co. from $336.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Fourteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $313.89.

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.