IFP Advisors Inc Increases Stock Position in JPMorgan Chase & Co. $JPM

IFP Advisors Inc boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,303 shares of the financial services provider’s stock after buying an additional 583 shares during the quarter. IFP Advisors Inc’s holdings in JPMorgan Chase & Co. were worth $13,423,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Baldwin Wealth Partners LLC MA lifted its holdings in JPMorgan Chase & Co. by 0.3% during the second quarter. Baldwin Wealth Partners LLC MA now owns 94,334 shares of the financial services provider’s stock worth $27,348,000 after buying an additional 288 shares during the period. Financial Security Advisor Inc. increased its holdings in shares of JPMorgan Chase & Co. by 7.2% in the 2nd quarter. Financial Security Advisor Inc. now owns 2,673 shares of the financial services provider’s stock valued at $775,000 after acquiring an additional 180 shares during the period. Callan Family Office LLC raised its position in shares of JPMorgan Chase & Co. by 131.3% in the 2nd quarter. Callan Family Office LLC now owns 77,673 shares of the financial services provider’s stock worth $22,518,000 after acquiring an additional 44,097 shares in the last quarter. Blair William & Co. IL lifted its stake in shares of JPMorgan Chase & Co. by 0.5% during 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. Finally, Rice Partnership LLC lifted its stake in shares of JPMorgan Chase & Co. by 11.0% during the 2nd quarter. Rice Partnership LLC now owns 107,930 shares of the financial services provider’s stock worth $31,290,000 after purchasing an additional 10,676 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPM opened at $297.81 on Friday. The company has a market cap of $818.91 billion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 1.80 and a beta of 1.13. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. The firm’s 50-day moving average price is $302.82 and its 200-day moving average price is $278.77. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. The company had revenue of $46.43 billion during the quarter, compared to analysts’ expectations of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. JPMorgan Chase & Co.’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the business earned $4.37 EPS. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders 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 dividend 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 dividend payout ratio is presently 29.72%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Truist Financial lifted their target price on JPMorgan Chase & Co. from $290.00 to $319.00 and gave the company a “hold” rating in a research note on Tuesday, September 23rd. Robert W. Baird cut shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 price target on the stock. in a report on Friday, June 27th. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Friday, June 27th. Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Finally, DZ Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday. Fifteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Hold” and an average price target of $319.40.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $24,492,753.58. This represents a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is owned by company insiders.

JPMorgan Chase & Co. Company 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.