CapWealth Advisors LLC Boosts Stake in JPMorgan Chase & Co. $JPM

CapWealth Advisors LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,937 shares of the financial services provider’s stock after buying an additional 38 shares during the quarter. CapWealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $851,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quotient Wealth Partners LLC lifted its stake in JPMorgan Chase & Co. by 13.7% in the 2nd quarter. Quotient Wealth Partners LLC now owns 14,216 shares of the financial services provider’s stock valued at $4,121,000 after buying an additional 1,711 shares in the last quarter. Cottonwood Capital Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.9% during the 2nd quarter. Cottonwood Capital Advisors LLC now owns 3,837 shares of the financial services provider’s stock worth $1,112,000 after purchasing an additional 35 shares during the period. Manchester Financial Inc. lifted its stake in shares of JPMorgan Chase & Co. by 54.6% during the 2nd quarter. Manchester Financial Inc. now owns 4,702 shares of the financial services provider’s stock worth $1,363,000 after purchasing an additional 1,661 shares during the period. Koshinski Asset Management Inc. lifted its stake in shares of JPMorgan Chase & Co. by 5.0% during the 2nd quarter. Koshinski Asset Management Inc. now owns 33,651 shares of the financial services provider’s stock worth $9,756,000 after purchasing an additional 1,596 shares during the period. Finally, Citizens Business Bank lifted its stake in shares of JPMorgan Chase & Co. by 3.0% during the 2nd quarter. Citizens Business Bank now owns 30,994 shares of the financial services provider’s stock worth $8,985,000 after purchasing an additional 902 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the 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 completion of the sale, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on JPM shares. The Goldman Sachs Group reissued a “buy” rating and set a $366.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 14th. Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. Weiss Ratings raised JPMorgan Chase & Co. from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Saturday. Phillip Securities lowered JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 16th. Finally, Wolfe Research increased their price target on JPMorgan Chase & Co. from $342.00 to $346.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $322.27.

JPMorgan Chase & Co. Trading Up 0.4%

JPM stock opened at $305.29 on Wednesday. The company has a market cap of $839.48 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.83 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 business has a fifty day simple moving average of $303.98 and a 200-day simple moving average of $282.92. 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 quarterly earnings data 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 business had revenue of $46.43 billion during the quarter, compared to the consensus estimate of $44.42 billion. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $4.37 EPS. On average, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors 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 annualized dividend 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 payout ratio is currently 29.72%.

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.