SteelPeak Wealth LLC cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,660 shares of the financial services provider’s stock after selling 1,968 shares during the quarter. SteelPeak Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $19,036,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of JPM. LCM Capital Management Inc boosted its stake in shares of JPMorgan Chase & Co. by 0.9% during the second quarter. LCM Capital Management Inc now owns 3,847 shares of the financial services provider’s stock valued at $1,115,000 after purchasing an additional 36 shares in the last quarter. jvl associates llc boosted its stake in shares of JPMorgan Chase & Co. by 1.7% during the second quarter. jvl associates llc now owns 2,094 shares of the financial services provider’s stock valued at $607,000 after purchasing an additional 36 shares in the last quarter. Lakeshore Financial Planning Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.4% during the second quarter. Lakeshore Financial Planning Inc. now owns 8,417 shares of the financial services provider’s stock valued at $2,441,000 after purchasing an additional 37 shares in the last quarter. Western Financial Corp CA boosted its stake in shares of JPMorgan Chase & Co. by 1.5% during the second quarter. Western Financial Corp CA now owns 2,642 shares of the financial services provider’s stock valued at $766,000 after purchasing an additional 38 shares in the last quarter. Finally, First Command Advisory Services Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.4% during the first quarter. First Command Advisory Services Inc. now owns 9,306 shares of the financial services provider’s stock valued at $2,283,000 after purchasing an additional 40 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.
JPMorgan Chase & Co. Price Performance
Shares of NYSE JPM opened at $302.11 on Wednesday. The firm has a market capitalization of $830.72 billion, a P/E ratio of 15.50, a P/E/G ratio of 1.99 and a beta of 1.13. 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 stock’s 50-day simple moving average is $302.11 and its two-hundred day simple moving average is $277.61. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $318.01.
JPMorgan Chase & Co. Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be paid a $1.50 dividend. The ex-dividend date is Monday, October 6th. This represents a $6.00 dividend on an annualized basis and a 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 is currently 30.79%.
Analyst Ratings Changes
JPM has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $330.00 to $354.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Citigroup lifted their price target on JPMorgan Chase & Co. from $275.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, September 24th. TD Cowen lifted their price objective on JPMorgan Chase & Co. from $350.00 to $370.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Cowen reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. Finally, Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $325.00 to $345.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Fifteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $318.70.
Check Out Our Latest Stock Report on JPMorgan Chase & Co.
Insiders Place Their Bets
In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the transaction, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. This represents a 10.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is owned by corporate insiders.
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.
Recommended Stories
- Five stocks we like better than JPMorgan Chase & Co.
- Earnings Per Share Calculator: How to Calculate EPS
- After Gold Blast Soars Past $4,000, BofA Eyes $5,000 in 2026
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Buyback Boom: 3 Companies Betting Big on Themselves
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Analysts Flock to Upgrade DELL After Big AI-Server Guidance Boost
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.