Aaron Wealth Advisors LLC Has $6.27 Million Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Aaron Wealth Advisors LLC increased its position in JPMorgan Chase & Co. by 7.1%, owning 21,619 shares valued at $6.27 million as of the last reporting period.
• JPMorgan Chase & Co. recently announced a quarterly dividend increase to $1.50 per share, reflecting a 1.9% yield for shareholders.
• Wells Fargo & Company and Bank of America raised their price targets for JPMorgan Chase & Co. to $345 and $340, respectively, signaling positive sentiment among Wall Street analysts.

Aaron Wealth Advisors LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 7.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 21,619 shares of the financial services provider's stock after buying an additional 1,428 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.6% of Aaron Wealth Advisors LLC's investment portfolio, making the stock its 27th largest holding. Aaron Wealth Advisors LLC's holdings in JPMorgan Chase & Co. were worth $6,268,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth $28,000. University of Illinois Foundation bought a new position in JPMorgan Chase & Co. during the first quarter worth about $30,000. Curat Global LLC bought a new position in JPMorgan Chase & Co. during the first quarter worth about $33,000. Christopher J. Hasenberg Inc lifted its holdings in JPMorgan Chase & Co. by 212.0% during the second quarter. Christopher J. Hasenberg Inc now owns 156 shares of the financial services provider's stock worth $45,000 after acquiring an additional 106 shares in the last quarter. Finally, Capital A Wealth Management LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter worth about $64,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of the transaction, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup set a $275.00 price target on JPMorgan Chase & Co. and gave the company a "buy" rating in a research note on Monday, July 7th. Robert W. Baird downgraded JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target on the stock. in a research note on Friday, June 27th. TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Bank of America lifted their price target on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $292.78.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock traded up $1.02 during trading on Friday, hitting $314.25. The company had a trading volume of 23,513,937 shares, compared to its average volume of 7,166,939. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $864.11 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 2.09 and a beta of 1.13. The stock's 50-day moving average price is $296.43 and its 200 day moving average price is $269.27. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $315.80.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $43.76 billion. During the same period in the previous year, the company posted $6.12 earnings per share. The firm's revenue for the quarter was down 10.5% compared to the same quarter last year. Equities 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 disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be given a dividend of $1.50 per share. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 28.73%.

About JPMorgan Chase & Co.

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.