Wulff Hansen & CO. Buys 2,787,510 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Wulff Hansen & CO. raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 19,920.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,801,503 shares of the financial services provider’s stock after purchasing an additional 2,787,510 shares during the period. JPMorgan Chase & Co. accounts for 3.0% of Wulff Hansen & CO.’s portfolio, making the stock its 9th largest position. Wulff Hansen & CO. owned about 0.10% of JPMorgan Chase & Co. worth $566,632,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Gilbert & Cook Inc. increased its position in shares of JPMorgan Chase & Co. by 1.5% in the fourth quarter. Gilbert & Cook Inc. now owns 11,360 shares of the financial services provider’s stock worth $1,932,000 after acquiring an additional 164 shares in the last quarter. Aveo Capital Partners LLC increased its holdings in JPMorgan Chase & Co. by 13.0% in the 4th quarter. Aveo Capital Partners LLC now owns 5,151 shares of the financial services provider’s stock valued at $876,000 after purchasing an additional 591 shares in the last quarter. Gryphon Financial Partners LLC raised its position in JPMorgan Chase & Co. by 66.9% in the fourth quarter. Gryphon Financial Partners LLC now owns 25,004 shares of the financial services provider’s stock valued at $4,238,000 after purchasing an additional 10,025 shares during the period. TrinityPoint Wealth LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.6% during the fourth quarter. TrinityPoint Wealth LLC now owns 26,088 shares of the financial services provider’s stock worth $4,438,000 after purchasing an additional 160 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its position in shares of JPMorgan Chase & Co. by 2.7% in the fourth quarter. GW&K Investment Management LLC now owns 2,653 shares of the financial services provider’s stock worth $451,000 after buying an additional 71 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.2 %

NYSE JPM opened at $210.98 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $225.48. The company has a 50-day simple moving average of $211.61 and a 200-day simple moving average of $201.64. The firm has a market capitalization of $605.86 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 2.33 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The company had revenue of $50.80 billion during the quarter, compared to the consensus estimate 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. On average, equities analysts forecast that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.37%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.66%.

Wall Street Analysts Forecast Growth

JPM has been the topic of several recent research reports. Piper Sandler boosted their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Morgan Stanley reduced their target price on shares of JPMorgan Chase & Co. from $226.00 to $220.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. Evercore ISI raised their price target on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a report on Monday, July 15th. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Finally, Jefferies Financial Group raised their target price on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $211.06.

About JPMorgan Chase & Co.

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.