Czech National Bank Increases Stock Holdings in JPMorgan Chase & Co. $JPM

Czech National Bank grew its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 679,309 shares of the financial services provider's stock after acquiring an additional 37,087 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.5% of Czech National Bank's portfolio, making the stock its 11th biggest position. Czech National Bank's holdings in JPMorgan Chase & Co. were worth $196,938,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Sandy Cove Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 13.2% in the second quarter. Sandy Cove Advisors LLC now owns 10,137 shares of the financial services provider's stock valued at $2,939,000 after acquiring an additional 1,186 shares during the period. Sandbox Financial Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.8% in the second quarter. Sandbox Financial Partners LLC now owns 5,994 shares of the financial services provider's stock valued at $1,738,000 after acquiring an additional 48 shares during the period. Strategic Advocates LLC boosted its holdings in shares of JPMorgan Chase & Co. by 20.0% in the second quarter. Strategic Advocates LLC now owns 2,733 shares of the financial services provider's stock valued at $792,000 after acquiring an additional 456 shares during the period. Henrickson Nauta Wealth Advisors Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 2.9% in the second quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,607 shares of the financial services provider's stock valued at $1,046,000 after acquiring an additional 102 shares during the period. Finally, Everpar Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.5% in the second quarter. Everpar Advisors LLC now owns 32,839 shares of the financial services provider's stock valued at $9,520,000 after acquiring an additional 470 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Up 0.1%

JPMorgan Chase & Co. stock opened at $309.19 on Wednesday. The stock has a market cap of $850.20 billion, a PE ratio of 15.86, a P/E/G ratio of 2.05 and a beta of 1.13. The stock has a 50-day moving average price of $294.81 and a 200 day moving average price of $268.04. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $310.90. 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 posted its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. The firm had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm's quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $6.12 EPS. Equities 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be given a dividend of $1.50 per share. The ex-dividend date is Monday, October 6th. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 28.73%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the sale, the director directly owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

JPM has been the subject of several recent research reports. Morgan Stanley increased their price target on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Phillip Securities downgraded JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. Zacks Research downgraded JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. Bank of America increased their price target on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Finally, Baird R W downgraded JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and a consensus price target of $292.78.

JPMorgan Chase & Co. 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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