CHURCHILL MANAGEMENT Corp Purchases 39,275 Shares of JPMorgan Chase & Co. $JPM

Key Points

• CHURCHILL MANAGEMENT Corp increased its stake in JPMorgan Chase & Co. by 109.9% during Q2, acquiring an additional 39,275 shares, bringing its total holdings to 75,014 shares valued at approximately $21.7 million.
• JPMorgan Chase & Co. has announced a quarterly dividend payment of $1.50 per share starting October 31, marking an increase from the previous $1.40 dividend, resulting in a 2.0% yield.
• Recent analyst reports show a mix of upgrades and downgrades for JPMorgan Chase, with a consensus rating of "Hold" and an average price target of $309.95.

CHURCHILL MANAGEMENT Corp increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 109.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,014 shares of the financial services provider's stock after purchasing an additional 39,275 shares during the quarter. CHURCHILL MANAGEMENT Corp's holdings in JPMorgan Chase & Co. were worth $21,747,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in JPM. Brighton Jones LLC lifted its holdings in shares of JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after acquiring an additional 4,841 shares during the last quarter. Parisi Gray Wealth Management raised its holdings in JPMorgan Chase & Co. by 9.2% during the 1st quarter. Parisi Gray Wealth Management now owns 28,435 shares of the financial services provider's stock worth $6,975,000 after purchasing an additional 2,387 shares during the last quarter. Regatta Capital Group LLC raised its holdings in JPMorgan Chase & Co. by 0.5% during the 1st quarter. Regatta Capital Group LLC now owns 22,132 shares of the financial services provider's stock worth $5,429,000 after purchasing an additional 111 shares during the last quarter. Wealthcare Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 22.9% in the 1st quarter. Wealthcare Capital Management LLC now owns 1,353 shares of the financial services provider's stock valued at $332,000 after acquiring an additional 252 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of 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 acquiring an additional 5,296 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

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 dated 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 completion of the transaction, the director directly owned 82,207 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.47% of the company's stock.

Analyst Ratings Changes

JPM has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a "hold" rating in a research note on Tuesday, September 30th. Royal Bank Of Canada restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Thursday, September 11th. Phillip Securities downgraded shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. The Goldman Sachs Group upped their price objective on shares of JPMorgan Chase & Co. from $336.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, October 3rd. Finally, Robert W. Baird cut shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target on the stock. in a research report on Friday, June 27th. Fifteen research 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 data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $309.95.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $304.31 on Thursday. The stock has a fifty day moving average of $301.19 and a 200 day moving average of $275.87. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $318.01. The firm has a market capitalization of $836.78 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 1.99 and a beta of 1.13. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25.

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 business had revenue of $44.91 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $6.12 earnings per share. As a group, research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced 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. This represents a $6.00 annualized dividend and a yield of 2.0%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Monday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio is presently 30.79%.

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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