JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by GM Advisory Group LLC

GM Advisory Group LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,129 shares of the financial services provider’s stock after acquiring an additional 114 shares during the quarter. GM Advisory Group LLC’s holdings in JPMorgan Chase & Co. were worth $5,487,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of JPM. Ieq Capital LLC grew its holdings in shares of JPMorgan Chase & Co. by 6.6% in the second quarter. Ieq Capital LLC now owns 270,246 shares of the financial services provider’s stock valued at $54,660,000 after purchasing an additional 16,765 shares during the period. Brighton Jones LLC boosted its holdings in JPMorgan Chase & Co. by 11.7% in the 2nd quarter. Brighton Jones LLC now owns 46,668 shares of the financial services provider’s stock valued at $9,439,000 after purchasing an additional 4,897 shares during the last quarter. Leuthold Group LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $6,100,000. UP Strategic Wealth Investment Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 5.2% during the 2nd quarter. UP Strategic Wealth Investment Advisors LLC now owns 3,545 shares of the financial services provider’s stock worth $717,000 after buying an additional 175 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at approximately $981,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $211.44 on Tuesday. The business’s 50-day moving average is $211.64 and its two-hundred day moving average is $201.98. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $607.19 billion, a P/E ratio of 11.79, a P/E/G ratio of 2.33 and a beta of 1.12. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The firm had revenue of $50.80 billion for the quarter, compared to analysts’ expectations of $42.23 billion. During the same quarter last year, the company earned $4.37 earnings per share. Analysts anticipate that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.36%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.66%.

Analyst Ratings Changes

JPM has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Citigroup raised their price objective on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Barclays increased their target price on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Finally, Keefe, Bruyette & Woods increased 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 research report on Tuesday, July 9th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $211.06.

JPMorgan Chase & Co. Company 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.