Madison Wealth Partners Inc Has $1.58 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Madison Wealth Partners Inc boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,804 shares of the financial services provider’s stock after buying an additional 149 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.5% of Madison Wealth Partners Inc’s portfolio, making the stock its 27th biggest position. Madison Wealth Partners Inc’s holdings in JPMorgan Chase & Co. were worth $1,579,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. DHK Financial Advisors Inc. acquired a new position in JPMorgan Chase & Co. during the 2nd quarter worth about $585,000. Alpha Financial Partners LLC lifted its stake in shares of JPMorgan Chase & Co. by 9.4% in the 2nd quarter. Alpha Financial Partners LLC now owns 2,986 shares of the financial services provider’s stock valued at $604,000 after purchasing an additional 257 shares during the period. Primecap Management Co. CA lifted its stake in shares of JPMorgan Chase & Co. by 8.4% in the 2nd quarter. Primecap Management Co. CA now owns 5,582,865 shares of the financial services provider’s stock valued at $1,129,190,000 after purchasing an additional 432,619 shares during the period. GDS Wealth Management lifted its stake in shares of JPMorgan Chase & Co. by 9.1% in the 2nd quarter. GDS Wealth Management now owns 72,716 shares of the financial services provider’s stock valued at $14,708,000 after purchasing an additional 6,062 shares during the period. Finally, Pekin Hardy Strauss Inc. lifted its stake in shares of JPMorgan Chase & Co. by 6.5% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 14,771 shares of the financial services provider’s stock valued at $2,988,000 after purchasing an additional 900 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of recent analyst reports. Piper Sandler boosted their price objective on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Keefe, Bruyette & Woods boosted their price objective on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Tuesday, July 9th. Evercore ISI boosted their target price 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. Finally, Citigroup boosted their target price on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $211.06.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $211.09 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. The stock has a 50 day moving average price of $211.61 and a two-hundred day moving average price of $201.73. The firm has a market capitalization of $606.18 billion, a P/E ratio of 11.77, a P/E/G ratio of 2.33 and a beta of 1.12. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last announced its 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. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The firm had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. During the same quarter in the previous year, the business earned $4.37 EPS. Equities analysts forecast that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders 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 dividend yield of 2.37%. The ex-dividend date is Friday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is presently 25.66%.

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.