Brian Low Financial Group LLC Purchases New Shares in JPMorgan Chase & Co. $JPM

Brian Low Financial Group LLC purchased a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,235 shares of the financial services provider’s stock, valued at approximately $2,677,000. JPMorgan Chase & Co. comprises about 2.5% of Brian Low Financial Group LLC’s investment portfolio, making the stock its 7th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of JPM. Brighton Jones LLC raised its position in JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after purchasing an additional 4,841 shares during the last quarter. Acorns Advisers LLC increased its stake in JPMorgan Chase & Co. by 6.9% in the 1st quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock valued at $379,000 after buying an additional 100 shares during the period. Summit Trail Advisors LLC increased its stake in JPMorgan Chase & Co. by 10.5% in the 1st quarter. Summit Trail Advisors LLC now owns 99,119 shares of the financial services provider’s stock valued at $24,314,000 after buying an additional 9,397 shares during the period. Rossby Financial LCC increased its stake in JPMorgan Chase & Co. by 41.4% in the 1st quarter. Rossby Financial LCC now owns 4,143 shares of the financial services provider’s stock valued at $1,009,000 after buying an additional 1,212 shares during the period. Finally, Yukon Wealth Management Inc. acquired a new position in JPMorgan Chase & Co. in the 1st quarter valued at $2,191,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on JPM. Morgan Stanley boosted their price objective on shares of JPMorgan Chase & Co. from $336.00 to $338.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 15th. Hsbc Global Res cut shares of JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. KGI Securities boosted their price objective on shares of JPMorgan Chase & Co. from $300.00 to $315.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Dbs Bank raised shares of JPMorgan Chase & Co. to a “hold” rating in a research note on Tuesday, October 21st. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $366.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 14th. Two research 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $326.38.

Insider Buying and Selling

In related news, Director Linda Bammann sold 9,500 shares of the 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 directly owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $309.36 on Wednesday. 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. has a fifty-two week low of $202.16 and a fifty-two week high of $318.01. The stock has a market cap of $850.66 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 1.84 and a beta of 1.13. The firm’s fifty day simple moving average is $305.42 and its 200-day simple moving average is $285.96.

JPMorgan Chase & Co. (NYSE:JPM) last posted 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 net margin of 20.90% and a return on equity of 17.18%. The business had revenue of $46.43 billion for the quarter, compared to analysts’ expectations of $44.42 billion. During the same period in the prior year, the company posted $4.37 EPS. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. Analysts expect 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 declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 6th were paid a dividend of $1.50 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Monday, October 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio is currently 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.