DMC Group LLC Sells 832 Shares of JPMorgan Chase & Co. $JPM

Key Points

• DMC Group LLC reduced its stake in JPMorgan Chase & Co. by 13.9% during the 2nd quarter, selling 832 shares and leaving it with 5,166 shares valued at approximately $1.5 million.
• JPMorgan Chase reported better-than-expected earnings of $5.07 per share, surpassing estimates and showing an 8.8% revenue growth compared to the previous year.
• The company announced an increase in its quarterly dividend to $1.50 per share, representing a new annualized yield of 2.0%.

DMC Group LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 13.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,166 shares of the financial services provider's stock after selling 832 shares during the quarter. JPMorgan Chase & Co. makes up about 1.2% of DMC Group LLC's investment portfolio, making the stock its 24th biggest position. DMC Group LLC's holdings in JPMorgan Chase & Co. were worth $1,498,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in JPMorgan Chase & Co. during the first quarter worth about $28,000. University of Illinois Foundation acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth approximately $30,000. Ryan Investment Management Inc. acquired a new position in shares of JPMorgan Chase & Co. during the second quarter worth approximately $37,000. Christopher J. Hasenberg Inc lifted its position in shares of JPMorgan Chase & Co. by 212.0% during the second quarter. Christopher J. Hasenberg Inc now owns 156 shares of the financial services provider's stock worth $45,000 after purchasing an additional 106 shares in the last quarter. Finally, Goodman Advisory Group LLC acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth approximately $76,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Trading Up 1.3%

JPM opened at $305.94 on Thursday. The firm's fifty day moving average is $302.40 and its two-hundred day moving average is $277.80. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.86. The firm has a market cap of $841.24 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 1.94 and a beta of 1.13. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.83 by $0.24. The company had revenue of $46.43 billion for the quarter, compared to analyst estimates of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The business's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the business posted $4.37 earnings per share. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS 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 is Monday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 30.79%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. UBS Group upped their target price on shares of JPMorgan Chase & Co. from $339.00 to $350.00 and gave the stock a "buy" rating in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft upped their target price on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock a "hold" rating in a research report on Tuesday, September 30th. Daiwa Capital Markets upped their target price on shares of JPMorgan Chase & Co. from $330.00 to $332.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 8th. Baird R W lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Friday, June 27th. Finally, Keefe, Bruyette & Woods upped their target price on shares of JPMorgan Chase & Co. from $330.00 to $354.00 and gave the stock an "outperform" rating in a research report on Friday, October 10th. Fifteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $319.40.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the stock in a transaction on 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 sale, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.47% of the company's stock.

About JPMorgan Chase & Co.

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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