Thompson Siegel & Walmsley LLC Grows Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Thompson Siegel & Walmsley LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,439 shares of the financial services provider’s stock after acquiring an additional 9,996 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in JPMorgan Chase & Co. were worth $19,506,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Pinion Investment Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 0.8% during the second quarter. Pinion Investment Advisors LLC now owns 9,490 shares of the financial services provider’s stock valued at $1,920,000 after purchasing an additional 75 shares in the last quarter. Hanson & Doremus Investment Management grew its stake in shares of JPMorgan Chase & Co. by 0.5% in the 2nd quarter. Hanson & Doremus Investment Management now owns 17,912 shares of the financial services provider’s stock worth $3,623,000 after buying an additional 85 shares during the last quarter. Breakwater Investment Management increased its position in JPMorgan Chase & Co. by 66.9% during the 2nd quarter. Breakwater Investment Management now owns 212 shares of the financial services provider’s stock valued at $43,000 after buying an additional 85 shares in the last quarter. Element Capital Management LLC purchased a new position in JPMorgan Chase & Co. during the second quarter valued at $10,945,000. Finally, Diversify Wealth Management LLC bought a new stake in JPMorgan Chase & Co. in the second quarter worth $3,338,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPM opened at $210.48 on Friday. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $225.48. The company has a market cap of $604.43 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 2.33 and a beta of 1.12. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The company’s 50 day moving average is $211.49 and its 200 day moving average is $201.47.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The firm had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same quarter in the previous year, the firm posted $4.37 EPS. On average, equities research analysts predict that JPMorgan Chase & Co. will post 16.78 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be given a $1.25 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.38%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.66%.

Analyst Ratings Changes

JPM has been the subject of several analyst reports. Jefferies Financial Group raised their price target on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Piper Sandler lifted their target price on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Morgan Stanley cut their price target on shares of JPMorgan Chase & Co. from $226.00 to $220.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. Keefe, Bruyette & Woods boosted their price objective on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Tuesday, July 9th. Finally, Evercore ISI upped their price objective on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $211.06.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.