Compagnie Lombard Odier SCmA Purchases 10,899 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Compagnie Lombard Odier SCmA increased its stake in JPMorgan Chase & Co. by 1.1% during the second quarter, acquiring an additional 10,899 shares, which now comprises approximately 3.9% of its portfolio.
• JPMorgan Chase recently announced a quarterly dividend of $1.50, an increase from the previous $1.40, reflecting a positive growth in shareholder returns.
• The company's latest earnings report revealed $4.96 EPS, exceeding expectations, but noted a 10.5% decline in year-over-year quarterly revenue.

Compagnie Lombard Odier SCmA grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,019,876 shares of the financial services provider's stock after acquiring an additional 10,899 shares during the quarter. JPMorgan Chase & Co. comprises approximately 3.9% of Compagnie Lombard Odier SCmA's portfolio, making the stock its 7th biggest position. Compagnie Lombard Odier SCmA's holdings in JPMorgan Chase & Co. were worth $295,672,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Brighton Jones LLC increased its stake in 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 valued at $11,682,000 after purchasing an additional 4,841 shares during the period. Copia Wealth Management acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $80,000. Mascagni Wealth Management Inc. purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $81,000. Fire Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $4,823,000. Finally, Higgins & Schmidt Wealth Strategies LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $217,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 0.0%

Shares of JPM opened at $313.48 on Friday. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $316.58. 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 firm has a market capitalization of $862.00 billion, a P/E ratio of 16.08, a PEG ratio of 2.06 and a beta of 1.13. The firm's 50-day moving average is $298.46 and its two-hundred day moving average is $271.08.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping the consensus estimate of $4.48 by $0.48. The business had revenue of $44.91 billion for 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 quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.12 EPS. On average, research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal 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 1.9%. This is a positive change 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 currently 28.73%.

Insider Buying and Selling 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 stock was 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 of the company's stock, valued at $24,492,753.58. The trade was a 10.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JPM. HSBC reaffirmed a "reduce" rating and set a $259.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price objective for the company. in a research report on Friday, June 27th. Bank of America lifted their target price on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, Hsbc Global Res cut shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and a consensus price target of $297.17.

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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