Ameliora Wealth Management Ltd. Sells 7,257 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Ameliora Wealth Management Ltd. reduced its stake in JPMorgan Chase & Co. by 31.5%, selling 7,257 shares, leaving them with 15,764 shares worth approximately $4.57 million.
• JPMorgan Chase & Co. reported $5.07 EPS for the last quarter, surpassing expectations, and had a revenue of $46.43 billion, an 8.8% increase year-over-year.
• The company recently increased its quarterly dividend from $1.40 to $1.50 per share, reflecting a strong financial position and a payout ratio of 30.79%.

Ameliora Wealth Management Ltd. decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 31.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,764 shares of the financial services provider's stock after selling 7,257 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.6% of Ameliora Wealth Management Ltd.'s holdings, making the stock its 16th largest holding. Ameliora Wealth Management Ltd.'s holdings in JPMorgan Chase & Co. were worth $4,570,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in JPM. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $28,000. University of Illinois Foundation acquired a new position in JPMorgan Chase & Co. during the first quarter valued at approximately $30,000. Ryan Investment Management Inc. acquired a new position in shares of JPMorgan Chase & Co. during the second quarter worth $37,000. Christopher J. Hasenberg Inc increased its holdings in JPMorgan Chase & Co. by 212.0% in the second quarter. Christopher J. Hasenberg Inc now owns 156 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 106 shares during the period. Finally, Goodman Advisory Group LLC bought a new stake in JPMorgan Chase & Co. during the first quarter valued at $76,000. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Down 1.9%

Shares of JPM stock opened at $302.11 on Wednesday. The company has a 50 day simple moving average of $302.11 and a two-hundred day simple moving average of $277.61. 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 stock has a market cap of $830.72 billion, a P/E ratio of 15.50, a P/E/G ratio of 1.99 and a beta of 1.13. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.83 by $0.24. The business had revenue of $46.43 billion for the quarter, compared to analysts' expectations of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business's quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.37 EPS. On average, research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be paid a dividend of $1.50 per share. This is a boost 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 2.0%. The ex-dividend date is Monday, October 6th. JPMorgan Chase & Co.'s payout ratio is 30.79%.

Insider Activity

In other news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 transaction, the director owned 82,207 shares of the company's stock, valued at $24,492,753.58. The trade was a 10.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.47% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on JPM shares. Truist Financial upped their target price on shares of JPMorgan Chase & Co. from $290.00 to $319.00 and gave the stock a "hold" rating in a report on Tuesday, September 23rd. Bank of America raised their price target on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Keefe, Bruyette & Woods raised their price target on shares of JPMorgan Chase & Co. from $330.00 to $354.00 and gave the company an "outperform" rating in a report on Friday, October 10th. Finally, Zacks Research downgraded shares of JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. Fifteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $318.70.

JPMorgan Chase & Co. Company 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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