Ameriflex Group Inc. Decreases Position in JPMorgan Chase & Co. $JPM

Ameriflex Group Inc. lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 25.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,620 shares of the financial services provider's stock after selling 1,879 shares during the period. JPMorgan Chase & Co. accounts for 0.9% of Ameriflex Group Inc.'s investment portfolio, making the stock its 22nd biggest holding. Ameriflex Group Inc.'s holdings in JPMorgan Chase & Co. were worth $1,623,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of JPM. Brighton Jones LLC grew its stake in JPMorgan Chase & Co. by 11.0% in the 4th 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 in the last quarter. GAMMA Investing LLC boosted its holdings in JPMorgan Chase & Co. by 5.8% in the 1st quarter. GAMMA Investing LLC now owns 96,029 shares of the financial services provider's stock valued at $23,556,000 after purchasing an additional 5,296 shares during the period. Foresight Capital Management Advisors Inc. bought a new position in JPMorgan Chase & Co. in the 1st quarter valued at $435,000. Donaldson Capital Management LLC boosted its holdings in JPMorgan Chase & Co. by 0.8% in the 1st quarter. Donaldson Capital Management LLC now owns 344,604 shares of the financial services provider's stock valued at $84,531,000 after purchasing an additional 2,580 shares during the period. Finally, Focus Financial Network Inc. boosted its holdings in JPMorgan Chase & Co. by 0.7% in the 1st quarter. Focus Financial Network Inc. now owns 34,971 shares of the financial services provider's stock valued at $8,578,000 after purchasing an additional 234 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. 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 sale, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

JPM has been the subject of several analyst reports. TD Cowen raised their price target on shares of JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a "buy" rating in a report on Friday, October 3rd. Piper Sandler reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Weiss Ratings restated a "buy (b+)" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Finally, HSBC reissued a "reduce" rating and set a $259.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Fourteen investment 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 company currently has a consensus rating of "Hold" and a consensus price target of $313.89.

JPMorgan Chase & Co. Stock Down 1.4%

JPM opened at $301.12 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $318.01. The company has a market capitalization of $828.00 billion, a PE ratio of 15.45, a PEG ratio of 1.97 and a beta of 1.13. The firm's 50 day simple moving average is $301.61 and its two-hundred day simple moving average is $276.60.

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 EPS for the quarter, beating the consensus estimate of $4.48 by $0.48. The firm had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company's revenue was down 10.5% on a year-over-year basis. During the same period last year, the firm earned $6.12 EPS. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be issued a $1.50 dividend. The ex-dividend date is Monday, October 6th. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. JPMorgan Chase & Co.'s payout ratio is presently 30.79%.

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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