Dagco Inc. Raises Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Key Points

• Dagco Inc. increased its holdings in JPMorgan Chase & Co. by 7.6% during the first quarter, now owning 14,121 shares valued at approximately $3.46 million.
• JPMorgan Chase reported a quarterly EPS of $4.96, surpassing the estimated $4.48, while revenue decreased by 10.5% year-over-year.
• The company recently declared a quarterly dividend of $1.40 per share, resulting in an annual yield of 1.9%.

Dagco Inc. lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 7.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 14,121 shares of the financial services provider's stock after acquiring an additional 994 shares during the period. JPMorgan Chase & Co. makes up approximately 1.1% of Dagco Inc.'s investment portfolio, making the stock its 20th largest holding. Dagco Inc.'s holdings in JPMorgan Chase & Co. were worth $3,464,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the first quarter worth about $28,000. University of Illinois Foundation acquired a new stake in shares of JPMorgan Chase & Co. during the first quarter worth about $30,000. Curat Global LLC acquired a new stake in shares of JPMorgan Chase & Co. during the first quarter worth about $33,000. Measured Risk Portfolios Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $44,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Down 1.3%

Shares of JPM stock opened at $290.48 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $798.75 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 1.95 and a beta of 1.11. The stock has a 50 day simple moving average of $286.42 and a 200-day simple moving average of $263.61. JPMorgan Chase & Co. has a 1-year low of $200.61 and a 1-year high of $301.29.

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, beating the consensus estimate 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 the consensus estimate of $43.76 billion. During the same period in the prior year, the company earned $6.12 EPS. The firm's revenue was down 10.5% compared to the same quarter last year. On average, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 3rd were paid a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is currently 28.73%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on JPM shares. Royal Bank Of Canada set a $305.00 target price on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday, June 30th. Truist Financial lifted their target price on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a report on Wednesday, July 9th. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Evercore ISI set a $298.00 price target on JPMorgan Chase & Co. and gave the company an "outperform" rating in a report on Monday, July 7th. Finally, HSBC reissued a "reduce" rating and issued a $259.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $288.68.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $1,755,811.68. Following the completion of the transaction, the general counsel directly owned 36,520 shares of the company's stock, valued at approximately $9,703,729.20. This represents a 15.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the transaction, the chief operating officer directly owned 62,455 shares of the company's stock, valued at approximately $16,392,563.85. This represents a 8.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,557 shares of company stock valued at $4,113,796. 0.47% of the stock is owned by corporate insiders.

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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