Capital Investment Advisors LLC Grows Position in JPMorgan Chase & Co. $JPM

Key Points

• Capital Investment Advisors LLC increased its stakes in JPMorgan Chase & Co. by 2.3%, now owning 229,308 shares valued at approximately $66.5 million.
• JPMorgan Chase & Co. recently raised its quarterly dividend from $1.40 to $1.50, indicating a 1.9% dividend yield for investors.
• Analysts have mixed ratings on the stock: 15 buy ratings, 8 hold ratings, and 3 sell ratings, with a consensus target price of $307.70.

Capital Investment Advisors LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 229,308 shares of the financial services provider's stock after purchasing an additional 5,220 shares during the period. JPMorgan Chase & Co. comprises 1.2% of Capital Investment Advisors LLC's holdings, making the stock its 19th biggest holding. Capital Investment Advisors LLC's holdings in JPMorgan Chase & Co. were worth $66,479,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Presper Financial Architects LLC purchased a new position in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $586,000. LifeGoal Wealth Advisors purchased a new stake in shares of JPMorgan Chase & Co. in the second quarter worth approximately $315,000. Sterling Investment Advisors Ltd. lifted its stake in shares of JPMorgan Chase & Co. by 1.2% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 24,317 shares of the financial services provider's stock worth $7,050,000 after acquiring an additional 284 shares during the last quarter. Northwest Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. by 2.4% during the 2nd quarter. Northwest Wealth Management LLC now owns 7,908 shares of the financial services provider's stock valued at $2,293,000 after acquiring an additional 184 shares during the period. Finally, Summit Financial Strategies Inc. grew its position in JPMorgan Chase & Co. by 1.3% in the 2nd quarter. Summit Financial Strategies Inc. now owns 10,502 shares of the financial services provider's stock valued at $3,045,000 after acquiring an additional 131 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JPM. Baird R W downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. TD Cowen raised their target price on shares of JPMorgan Chase & Co. from $350.00 to $370.00 and gave the stock a "buy" rating in a research report on Friday. Citigroup lifted their price target on shares of JPMorgan Chase & Co. from $275.00 to $325.00 and gave the company a "neutral" rating in a research note on Wednesday, September 24th. Royal Bank Of Canada reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Thursday, September 11th. Finally, Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $307.70.

JPMorgan Chase & Co. Stock Up 0.8%

Shares of NYSE JPM opened at $309.89 on Monday. JPMorgan Chase & Co. has a 12-month low of $202.16 and a 12-month high of $318.01. The stock's fifty day simple moving average is $300.67 and its two-hundred day simple moving average is $274.97. The stock has a market capitalization of $852.11 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 2.04 and a beta of 1.13. 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. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data 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. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. During the same period in the prior year, the business posted $6.12 EPS. The firm's quarterly revenue was down 10.5% on a year-over-year basis. As a group, 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. Stockholders of record on Monday, October 6th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, October 6th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. JPMorgan Chase & Co.'s payout ratio is presently 28.73%.

Insider Activity at JPMorgan Chase & Co.

In related 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 owned 82,207 shares in the company, valued at $24,492,753.58. The trade was a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.47% of the stock is currently owned by company insiders.

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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