Schubert & Co Raises Stake in JPMorgan Chase & Co. $JPM

Schubert & Co increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 26.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,527 shares of the financial services provider’s stock after purchasing an additional 315 shares during the quarter. Schubert & Co’s holdings in JPMorgan Chase & Co. were worth $443,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in JPMorgan Chase & Co. during the second quarter worth approximately $164,042,000. Signature Estate & Investment Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 8.9% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 23,416 shares of the financial services provider’s stock valued at $6,789,000 after acquiring an additional 1,909 shares during the period. Woodard & Co. Asset Management Group Inc. ADV lifted its holdings in shares of JPMorgan Chase & Co. by 4.4% during the 2nd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 8,132 shares of the financial services provider’s stock valued at $2,358,000 after acquiring an additional 346 shares in the last quarter. Monument Group Wealth Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 9.6% during the 2nd quarter. Monument Group Wealth Advisors LLC now owns 1,644 shares of the financial services provider’s stock valued at $477,000 after acquiring an additional 144 shares in the last quarter. Finally, United Bank boosted its position in JPMorgan Chase & Co. by 5.2% during the 2nd quarter. United Bank now owns 28,014 shares of the financial services provider’s stock worth $8,122,000 after purchasing an additional 1,392 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on JPM shares. Keefe, Bruyette & Woods raised their price objective on JPMorgan Chase & Co. from $330.00 to $354.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft increased their target price on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a “hold” rating in a research note on Tuesday, September 30th. Weiss Ratings upgraded JPMorgan Chase & Co. from a “buy (b+)” rating to a “buy (a-)” rating in a report on Saturday. Loop Capital set a $310.00 price target on JPMorgan Chase & Co. in a research report on Thursday, October 23rd. Finally, Wolfe Research increased their price objective on shares of JPMorgan Chase & Co. from $342.00 to $346.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Two equities 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 assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $322.27.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the sale, the director 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 SEC, which can be accessed through this hyperlink. Insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $305.29 on Wednesday. The stock’s 50 day moving average is $303.98 and its two-hundred day moving average is $282.92. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $318.01. The company has a market capitalization of $839.48 billion, a PE ratio of 15.12, a P/E/G 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.

JPMorgan Chase & Co. (NYSE:JPM) last released 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. 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 net margin of 20.90% and a return on equity of 17.18%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $4.37 earnings per share. Analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

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.