Bensler LLC Buys 748 Shares of JPMorgan Chase & Co. $JPM

Bensler LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 37.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,752 shares of the financial services provider’s stock after purchasing an additional 748 shares during the period. Bensler LLC’s holdings in JPMorgan Chase & Co. were worth $798,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of JPM. Brighton Jones LLC lifted 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 acquiring an additional 4,841 shares in the last quarter. Acorns Advisers LLC lifted its holdings in shares of JPMorgan Chase & Co. by 6.9% during the first quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 100 shares in the last quarter. Bleakley Financial Group LLC boosted its position in shares of JPMorgan Chase & Co. by 2.7% during the first quarter. Bleakley Financial Group LLC now owns 90,126 shares of the financial services provider’s stock valued at $22,108,000 after buying an additional 2,399 shares during the last quarter. Gould Asset Management LLC CA increased its holdings in JPMorgan Chase & Co. by 0.7% in the 1st quarter. Gould Asset Management LLC CA now owns 6,005 shares of the financial services provider’s stock worth $1,473,000 after buying an additional 44 shares in the last quarter. Finally, Rice Hall James & Associates LLC raised its position in JPMorgan Chase & Co. by 2.3% in the 1st quarter. Rice Hall James & Associates LLC now owns 1,926 shares of the financial services provider’s stock worth $472,000 after buying an additional 44 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 966 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $311.92, for a total transaction of $301,314.72. Following the transaction, the insider owned 58,479 shares of the company’s stock, valued at $18,240,769.68. The trade was a 1.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linda Bammann sold 9,500 shares of the company’s stock in a transaction that occurred 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 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 ownership of the stock. The SEC filing for this sale provides additional information. 0.47% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $300.30 on Tuesday. The stock has a market cap of $817.48 billion, a P/E ratio of 14.87, a P/E/G ratio of 1.84 and a beta of 1.14. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.86. The stock’s fifty day moving average is $307.66 and its 200 day moving average is $290.41. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $322.25.

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 (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $47.12 billion during the quarter, compared to analyst estimates of $44.42 billion. During the same quarter in the previous year, the company posted $4.37 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 8.8% on a year-over-year basis. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, October 6th were issued a $1.50 dividend. The ex-dividend date of this dividend was Monday, October 6th. This represents a $6.00 annualized dividend and a yield of 2.0%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s payout ratio is currently 29.72%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JPM. Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $309.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Dbs Bank upgraded shares of JPMorgan Chase & Co. to a “hold” rating in a report on Tuesday, October 21st. Weiss Ratings reiterated a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a research note on Thursday. Zacks Research raised JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $366.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $326.38.

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.