Lyell Wealth Management LP Grows Stock Position in JPMorgan Chase & Co. $JPM

Lyell Wealth Management LP increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,270 shares of the financial services provider’s stock after purchasing an additional 4,490 shares during the period. JPMorgan Chase & Co. makes up 2.3% of Lyell Wealth Management LP’s portfolio, making the stock its 7th biggest position. Lyell Wealth Management LP’s holdings in JPMorgan Chase & Co. were worth $29,069,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Accretive Wealth Partners LLC acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at approximately $207,000. Stephens Inc. AR raised its position in JPMorgan Chase & Co. by 2.2% in the 2nd quarter. Stephens Inc. AR now owns 383,778 shares of the financial services provider’s stock valued at $111,261,000 after buying an additional 8,353 shares during the last quarter. Alaska Wealth Advisors acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at approximately $337,000. Altus Wealth Group LLC raised its position in JPMorgan Chase & Co. by 4.8% in the 2nd quarter. Altus Wealth Group LLC now owns 7,109 shares of the financial services provider’s stock valued at $2,061,000 after buying an additional 327 shares during the last quarter. Finally, LMG Wealth Partners LLC raised its position in JPMorgan Chase & Co. by 1.7% in the 2nd quarter. LMG Wealth Partners LLC now owns 13,265 shares of the financial services provider’s stock valued at $3,846,000 after buying an additional 219 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of recent research reports. Royal Bank Of Canada reissued a “buy” rating and issued a $343.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 14th. Evercore ISI lifted their target price on JPMorgan Chase & Co. from $309.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. DZ Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 15th. Dbs Bank raised JPMorgan Chase & Co. to a “hold” rating in a research report on Tuesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a “hold” rating in a research report on Tuesday, September 30th. Two 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, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average price target of $322.27.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $305.30 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88. The stock’s fifty day moving average price is $304.24 and its two-hundred day moving average price is $283.41. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $318.01. The firm has a market cap of $839.49 billion, a price-to-earnings ratio of 15.12, a P/E/G ratio of 1.84 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, beating 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 firm had revenue of $46.43 billion for the quarter, compared to analyst estimates of $44.42 billion. During the same period 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, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current 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 dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.72%.

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 on 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.47% of the company’s stock.

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.