AHL Investment Management Inc. Has $8.47 Million Stock Position in JPMorgan Chase & Co. $JPM

Key Points

• AHL Investment Management Inc. reduced its stake in JPMorgan Chase & Co. by 7.7%, holding 29,209 shares valued at approximately $8.47 million, making it the firm's second-largest position.
• In the second quarter, several large investors adjusted their positions in JPMorgan Chase, with Legacy Financial Strategies LLC increasing its stake by 56.6%.
• JPMorgan Chase recently announced a quarterly dividend increase to $1.50 per share, representing a yield of 1.9%, payable on October 31st.

AHL Investment Management Inc. lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 7.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,209 shares of the financial services provider's stock after selling 2,427 shares during the period. JPMorgan Chase & Co. accounts for 5.7% of AHL Investment Management Inc.'s portfolio, making the stock its 2nd biggest holding. AHL Investment Management Inc.'s holdings in JPMorgan Chase & Co. were worth $8,468,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in JPM. Legacy Financial Strategies LLC raised its holdings in shares of JPMorgan Chase & Co. by 56.6% in the 2nd quarter. Legacy Financial Strategies LLC now owns 5,416 shares of the financial services provider's stock worth $1,570,000 after purchasing an additional 1,957 shares in the last quarter. Ryan Investment Management Inc. acquired a new position in shares of JPMorgan Chase & Co. in the second quarter worth about $37,000. Charter Oak Capital Management LLC lifted its position in shares of JPMorgan Chase & Co. by 3.5% in the second quarter. Charter Oak Capital Management LLC now owns 9,056 shares of the financial services provider's stock worth $2,626,000 after purchasing an additional 310 shares in the last quarter. Voisard Asset Management Group Inc. lifted its position in shares of JPMorgan Chase & Co. by 1.8% in the second quarter. Voisard Asset Management Group Inc. now owns 4,842 shares of the financial services provider's stock worth $1,404,000 after purchasing an additional 84 shares in the last quarter. Finally, Trust Point Inc. lifted its position in shares of JPMorgan Chase & Co. by 11.1% in the second quarter. Trust Point Inc. now owns 24,421 shares of the financial services provider's stock worth $7,080,000 after purchasing an additional 2,432 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised their price objective on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Phillip Securities downgraded shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 16th. Morgan Stanley raised their price objective on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Evercore ISI set a $298.00 price target on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research note on Monday, July 7th. Finally, Truist Financial lifted their price target on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a research note on Wednesday, July 9th. One 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. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and a consensus price target of $292.78.

Insider Activity

In other news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was 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 approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $314.25 on Friday. The stock has a market capitalization of $864.11 billion, a P/E ratio of 16.12, a P/E/G ratio of 2.09 and a beta of 1.13. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $315.80. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. The business has a 50-day moving average price of $296.43 and a two-hundred day moving average price of $269.27.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping the consensus estimate of $4.48 by $0.48. The firm had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The company's quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $6.12 EPS. Equities analysts predict that JPMorgan Chase & Co. will post 18.1 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 Friday, October 31st. Stockholders of record on Monday, October 6th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, October 6th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. JPMorgan Chase & Co.'s dividend payout ratio 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.

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