BOCHK Asset Management Ltd Has $870,000 Stake in JPMorgan Chase & Co. $JPM

BOCHK Asset Management Ltd increased its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 200.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,000 shares of the financial services provider's stock after buying an additional 2,000 shares during the period. JPMorgan Chase & Co. accounts for 0.3% of BOCHK Asset Management Ltd's holdings, making the stock its 11th largest position. BOCHK Asset Management Ltd's holdings in JPMorgan Chase & Co. were worth $870,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hudson Value Partners LLC raised its position in shares of JPMorgan Chase & Co. by 14.4% in the second quarter. Hudson Value Partners LLC now owns 17,557 shares of the financial services provider's stock valued at $5,090,000 after buying an additional 2,210 shares in the last quarter. Community Financial Services Group LLC raised its position in shares of JPMorgan Chase & Co. by 0.7% in the second quarter. Community Financial Services Group LLC now owns 46,932 shares of the financial services provider's stock valued at $13,606,000 after buying an additional 348 shares in the last quarter. Precision Wealth Strategies LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $391,000. jvl associates llc raised its position in shares of JPMorgan Chase & Co. by 1.7% in the second quarter. jvl associates llc now owns 2,094 shares of the financial services provider's stock valued at $607,000 after buying an additional 36 shares in the last quarter. Finally, B.O.S.S. Retirement Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 22.1% in the second quarter. B.O.S.S. Retirement Advisors LLC now owns 1,718 shares of the financial services provider's stock valued at $498,000 after buying an additional 311 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JPM. The Goldman Sachs Group lifted their price target on shares of JPMorgan Chase & Co. from $336.00 to $350.00 and gave the company a "buy" rating in a research 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. Hsbc Global Res cut shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. UBS Group lifted their price objective on shares of JPMorgan Chase & Co. from $339.00 to $350.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Robert W. Baird cut shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price objective on the stock. in a research note on Friday, June 27th. Fifteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $309.95.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $307.61 on Wednesday. The firm's fifty day moving average price is $301.10 and its two-hundred day moving average price is $275.67. The stock has a market cap of $845.85 billion, a PE ratio of 15.78, a PEG ratio of 2.03 and a beta of 1.13. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $318.01. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. The firm had revenue of $44.91 billion for the quarter, compared to analysts' expectations 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 quarter in the previous year, the firm posted $6.12 earnings per share. On average, equities analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

Insider Activity at JPMorgan Chase & Co.

In other 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 transaction of $2,830,430.00. Following the transaction, the director owned 82,207 shares in the company, valued at approximately $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 accessible through the SEC website. Company insiders own 0.47% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.