Court Place Advisors LLC Has $3.66 Million Holdings in JPMorgan Chase & Co. $JPM

Court Place Advisors LLC decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 12,614 shares of the financial services provider’s stock after selling 213 shares during the period. JPMorgan Chase & Co. accounts for about 1.2% of Court Place Advisors LLC’s holdings, making the stock its 22nd largest position. Court Place Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $3,657,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Blair William & Co. IL lifted its holdings in JPMorgan Chase & Co. by 0.5% in the 2nd quarter. Blair William & Co. IL now owns 2,329,745 shares of the financial services provider’s stock worth $675,416,000 after purchasing an additional 10,609 shares during the last quarter. Rice Partnership LLC raised its position in shares of JPMorgan Chase & Co. by 11.0% in the second quarter. Rice Partnership LLC now owns 107,930 shares of the financial services provider’s stock valued at $31,290,000 after purchasing an additional 10,676 shares during the period. Mainstay Capital Management LLC ADV raised its position in shares of JPMorgan Chase & Co. by 100.2% in the second quarter. Mainstay Capital Management LLC ADV now owns 22,918 shares of the financial services provider’s stock valued at $6,644,000 after purchasing an additional 11,470 shares during the period. Boomfish Wealth Group LLC lifted its stake in shares of JPMorgan Chase & Co. by 62.2% in the second quarter. Boomfish Wealth Group LLC now owns 1,401 shares of the financial services provider’s stock worth $406,000 after buying an additional 537 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.5% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 10,539 shares of the financial services provider’s stock worth $3,055,000 after buying an additional 49 shares during the period. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Down 0.2%

NYSE JPM opened at $297.81 on Friday. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $318.01. The stock has a market cap of $818.91 billion, a PE ratio of 14.75, a PEG ratio of 1.80 and a beta of 1.13. The firm has a 50-day simple moving average of $302.82 and a 200 day simple moving average of $278.77. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.86.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.83 by $0.24. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The firm had revenue of $46.43 billion during the quarter, compared to analysts’ expectations of $44.42 billion. During the same quarter in the prior year, the firm posted $4.37 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.0%. This is an increase 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 dividend payout ratio (DPR) is 29.72%.

Insider Buying and Selling

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 sale, the director owned 82,207 shares in the company, valued at $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on JPM shares. DZ Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Wednesday. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Truist Financial raised their price target on JPMorgan Chase & Co. from $290.00 to $319.00 and gave the company a “hold” rating in a research report on Tuesday, September 23rd. Keefe, Bruyette & Woods boosted their price objective on JPMorgan Chase & Co. from $330.00 to $354.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Finally, Hsbc Global Res downgraded JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Fifteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $319.40.

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.