Kampmann Melissa S. Raises Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Kampmann Melissa S. increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 22,051 shares of the financial services provider’s stock after purchasing an additional 304 shares during the period. JPMorgan Chase & Co. accounts for about 3.3% of Kampmann Melissa S.’s holdings, making the stock its 11th biggest holding. Kampmann Melissa S.’s holdings in JPMorgan Chase & Co. were worth $4,460,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in JPM. Gilbert & Cook Inc. increased its holdings in shares of JPMorgan Chase & Co. by 1.5% in the 4th quarter. Gilbert & Cook Inc. now owns 11,360 shares of the financial services provider’s stock valued at $1,932,000 after acquiring an additional 164 shares during the period. Aveo Capital Partners LLC grew its position in JPMorgan Chase & Co. by 13.0% during the 4th quarter. Aveo Capital Partners LLC now owns 5,151 shares of the financial services provider’s stock worth $876,000 after purchasing an additional 591 shares during the last quarter. Prudent Man Advisors LLC increased its stake in JPMorgan Chase & Co. by 3.4% in the fourth quarter. Prudent Man Advisors LLC now owns 20,752 shares of the financial services provider’s stock valued at $3,530,000 after purchasing an additional 677 shares during the period. Poehling Capital Management INC. increased its stake in JPMorgan Chase & Co. by 1.4% in the fourth quarter. Poehling Capital Management INC. now owns 20,991 shares of the financial services provider’s stock valued at $3,571,000 after purchasing an additional 295 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in shares of JPMorgan Chase & Co. by 4.0% during the fourth quarter. Jones Financial Companies Lllp now owns 134,463 shares of the financial services provider’s stock worth $22,872,000 after buying an additional 5,182 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on JPM shares. Barclays boosted their price target on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Jefferies Financial Group upped their price target on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Wolfe Research lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. BMO Capital Markets upped their price objective on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Finally, Piper Sandler lifted their target price on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $211.06.

JPMorgan Chase & Co. Trading Up 0.3 %

Shares of JPM opened at $210.50 on Monday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $225.48. The stock has a market cap of $604.49 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 2.39 and a beta of 1.12. The firm has a 50 day simple moving average of $211.47 and a 200-day simple moving average of $202.57.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. The company had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period in the previous year, the firm posted $4.37 earnings per share. Equities analysts forecast that JPMorgan Chase & Co. will post 16.72 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders 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 yield of 2.38%. 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 is 27.89%.

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.