Csenge Advisory Group Grows Position in JPMorgan Chase & Co. $JPM

Key Points

• Csenge Advisory Group increased its JPMorgan Chase position by 8.8% in the second quarter, bringing its holdings to 44,541 shares valued at approximately $14.58 million. Institutional investors and hedge funds collectively own 71.55% of the stock.
• Analysts maintain a generally positive view, with JPMorgan carrying a “Moderate Buy” consensus rating and an average price target of $359.96. Recent quarterly results exceeded expectations, with EPS of $6.14 and revenue of $58.02 billion.
• JPMorgan raised its quarterly dividend to $1.65 per share, equivalent to an annualized $6.60 dividend and a 1.9% yield. The bank also expects strong third-quarter investment-banking fees and trading revenue, although slowing earnings growth and economic pressures remain risks.

Csenge Advisory Group raised its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 8.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,541 shares of the financial services provider's stock after buying an additional 3,616 shares during the period. JPMorgan Chase & Co. comprises 0.6% of Csenge Advisory Group's investment portfolio, making the stock its 23rd biggest position. Csenge Advisory Group's holdings in JPMorgan Chase & Co. were worth $14,580,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. MBM Wealth Consultants LLC acquired a new stake in JPMorgan Chase & Co. in the 1st quarter worth about $29,000. Aventus Investment Advisors Inc. acquired a new stake in JPMorgan Chase & Co. during the second quarter worth about $33,000. Osbon Capital Management LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter worth approximately $35,000. WHI TRUST Co LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $45,000. Finally, HFM Investment Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 120.7% in the 4th quarter. HFM Investment Advisors LLC now owns 192 shares of the financial services provider's stock valued at $62,000 after acquiring an additional 105 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JPM has been the topic of several research reports. UBS Group increased their target price on JPMorgan Chase & Co. from $384.00 to $400.00 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $370.00 to $384.00 and gave the company an "outperform" rating in a research report on Wednesday, July 15th. Robert W. Baird upped their price target on shares of JPMorgan Chase & Co. from $295.00 to $305.00 and gave the company a "neutral" rating in a research report on Wednesday, July 15th. Jefferies Financial Group set a $350.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Finally, Evercore reiterated an "outperform" rating and issued a $360.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $359.96.

Trending Headlines about JPMorgan Chase & Co.

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: JPMorgan said third-quarter investment-banking fees and trading revenue are expected to show strong growth. Co-President Doug Petno also indicated that overall revenue is tracking ahead of expectations, helping reverse earlier weakness in the shares. JPMorgan expects investment banking, trading to shine in third quarter
• Positive Sentiment: The revenue outlook suggests continued momentum in JPMorgan’s capital-markets operations, including stronger deal activity and market-trading fees. The update provides a near-term catalyst following the bank’s recent earnings beat and robust year-over-year revenue growth. JPMorgan Chase stock rises after upbeat revenue outlook
• Neutral Sentiment: JPMorgan declared its regular quarterly dividend on common stock and dividends on Series CC preferred stock. The announcements reinforce shareholder distributions but appear routine rather than a new change in capital-return policy. JPMorganChase Declares Common Stock Dividend JPMorganChase Declares Preferred Stock Dividends
• Negative Sentiment: Investors continue to monitor signs that earnings growth may be slowing despite the benefit of higher interest rates. Jamie Dimon’s ongoing warnings about economic and structural pressures, along with elevated oil prices and potential effects on borrowers, remain longer-term risks for the bank. JPM Benefits from Higher Rates, but Earnings Growth Is Slowing

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $354.10 on Wednesday. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $366.50. The company's 50-day moving average is $352.81 and its two-hundred day moving average is $323.02. The firm has a market cap of $941.27 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 1.44 and a beta of 0.98. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.59 by $0.55. The company had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.JPMorgan Chase & Co.'s revenue was up 27.7% on a year-over-year basis. During the same period in the previous year, the firm posted $4.96 EPS. Research analysts expect that JPMorgan Chase & Co. will post 24.3 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be paid a dividend of $1.65 per share. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. This represents a $6.60 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, October 6th. JPMorgan Chase & Co.'s payout ratio is 25.71%.

Insiders Place Their Bets

In related news, General Counsel Stacey Friedman sold 5,467 shares of JPMorgan Chase & Co. stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $330.73, for a total value of $1,808,100.91. Following the transaction, the general counsel owned 40,961 shares in the company, valued at approximately $13,547,031.53. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robin Leopold sold 2,500 shares of the business's stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the sale, the insider owned 71,047 shares of the company's stock, valued at $25,066,092.07. The trade was a 3.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 10,467 shares of company stock worth $3,593,651 in the last quarter. 0.41% of the stock is owned by insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, lending, payments, investment banking, asset management and wealth management services to consumers, businesses, institutional clients and governments.

The company operates through four primary business areas: Consumer & Community Banking; Commercial & Investment Banking; Asset & Wealth Management; and Corporate. Its offerings include deposit accounts, credit cards, mortgages, auto loans, business banking, commercial lending, treasury services, investment banking, securities trading, investment management and private banking.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across numerous international markets.

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