2,021 Shares in JPMorgan Chase & Co. $JPM Bought by Presper Financial Architects LLC

Key Points

• Presper Financial Architects LLC acquired 2,021 shares of JPMorgan Chase & Co., valued at approximately $586,000, making it the 23rd largest holding in their portfolio.
• JPMorgan Chase announced a quarterly dividend increase to $1.50 per share, up from $1.40, with the dividend yield now at 1.9%.
• Despite a recent revenue decline of 10.5% compared to the same quarter last year, JPMorgan reported an EPS of $4.96, exceeding analyst estimates.

Presper Financial Architects LLC bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,021 shares of the financial services provider's stock, valued at approximately $586,000. JPMorgan Chase & Co. makes up 0.4% of Presper Financial Architects LLC's portfolio, making the stock its 23rd largest holding.

A number of other hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in shares of JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock valued at $11,682,000 after buying an additional 4,841 shares during the last quarter. Gateway Investment Advisers LLC raised its stake in JPMorgan Chase & Co. by 0.8% in the 1st quarter. Gateway Investment Advisers LLC now owns 707,934 shares of the financial services provider's stock valued at $173,656,000 after acquiring an additional 5,475 shares during the period. Reliant Investment Management LLC lifted its holdings in JPMorgan Chase & Co. by 17.2% during the 1st quarter. Reliant Investment Management LLC now owns 1,068 shares of the financial services provider's stock valued at $262,000 after purchasing an additional 157 shares during the last quarter. Fiduciary Planning LLC boosted its position in JPMorgan Chase & Co. by 2.2% during the first quarter. Fiduciary Planning LLC now owns 4,763 shares of the financial services provider's stock worth $1,168,000 after purchasing an additional 102 shares during the period. Finally, Princeton Global Asset Management LLC boosted its position in JPMorgan Chase & Co. by 0.6% during the first quarter. Princeton Global Asset Management LLC now owns 64,793 shares of the financial services provider's stock worth $15,894,000 after purchasing an additional 382 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the sale, the director owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Thursday, September 11th. Keefe, Bruyette & Woods increased their price target on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Zacks Research cut JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. Bank of America upped their price target on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Finally, Citigroup lifted their target price on shares of JPMorgan Chase & Co. from $275.00 to $325.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 24th. Fifteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $307.70.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $309.89 on Monday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The company's 50-day moving average is $300.67 and its 200-day moving average is $274.97. The stock has a market capitalization of $852.11 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 2.04 and a beta of 1.13. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The business had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same period in the previous year, the company posted $6.12 EPS. The firm's revenue was down 10.5% compared to the same quarter last year. Equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, October 6th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. JPMorgan Chase & Co.'s payout ratio is currently 28.73%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.

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