JPMorgan Chase & Co. $JPM Shares Purchased by Stratos Investment Management LLC

Stratos Investment Management LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,513 shares of the financial services provider’s stock after acquiring an additional 641 shares during the quarter. Stratos Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $15,514,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. SilverOak Wealth Management LLC raised its stake in shares of JPMorgan Chase & Co. by 19.1% in the 2nd quarter. SilverOak Wealth Management LLC now owns 3,576 shares of the financial services provider’s stock worth $1,037,000 after buying an additional 574 shares in the last quarter. Mattson Financial Services LLC raised its stake in shares of JPMorgan Chase & Co. by 1.5% in the 2nd quarter. Mattson Financial Services LLC now owns 17,442 shares of the financial services provider’s stock worth $5,057,000 after buying an additional 252 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services raised its stake in shares of JPMorgan Chase & Co. by 1.2% in the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 44,285 shares of the financial services provider’s stock worth $12,839,000 after buying an additional 513 shares in the last quarter. Empirical Asset Management LLC raised its stake in shares of JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Empirical Asset Management LLC now owns 14,018 shares of the financial services provider’s stock worth $4,064,000 after buying an additional 52 shares in the last quarter. Finally, Consilio Wealth Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 5.4% in the 2nd quarter. Consilio Wealth Advisors LLC now owns 3,941 shares of the financial services provider’s stock worth $1,131,000 after buying an additional 203 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of the transaction, the director owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

JPM has been the subject of several research reports. Hsbc Global Res lowered JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Truist Financial raised their price objective on JPMorgan Chase & Co. from $290.00 to $319.00 and gave the stock a “hold” rating in a research note on Tuesday, September 23rd. Piper Sandler reissued an “overweight” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $336.00 to $338.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 15th. Finally, Phillip Securities lowered JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $322.27.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $300.27 on Monday. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $318.01. The business has a 50-day moving average of $303.43 and a two-hundred day moving average of $281.89. The stock has a market capitalization of $825.66 billion, a P/E ratio of 14.87, a P/E/G ratio of 1.81 and a beta of 1.13. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $46.43 billion during the quarter, compared to analysts’ expectations of $44.42 billion. During the same quarter in the previous year, the firm earned $4.37 earnings per share. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, equities research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, October 6th. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s payout ratio is presently 29.72%.

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.