Eclectic Associates Inc. ADV Increases Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Eclectic Associates Inc. ADV increased its holdings in JPMorgan Chase & Co. by 9.2% during the second quarter, owning a total of 17,934 shares valued at approximately $5.2 million.
• JPMorgan Chase recently announced a quarterly dividend of $1.50 per share, up from $1.40, with a 1.9% yield and a payout ratio of 28.73%.
• The stock's market cap is approximately $852.11 billion with a 52-week price range of $202.16 to $318.01, reflecting a recent price opening at $309.89.

Eclectic Associates Inc. ADV raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,934 shares of the financial services provider's stock after buying an additional 1,512 shares during the period. JPMorgan Chase & Co. comprises approximately 1.1% of Eclectic Associates Inc. ADV's holdings, making the stock its 24th largest position. Eclectic Associates Inc. ADV's holdings in JPMorgan Chase & Co. were worth $5,199,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in JPM. MJT & Associates Financial Advisory Group Inc. purchased a new stake in JPMorgan Chase & Co. during the 1st quarter valued at $28,000. University of Illinois Foundation bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at $30,000. Ryan Investment Management Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $37,000. Christopher J. Hasenberg Inc grew its position in shares of JPMorgan Chase & Co. by 212.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 156 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 106 shares during the period. Finally, Goodman Advisory Group LLC bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at $76,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Up 0.8%

Shares of JPM stock opened at $309.89 on Monday. The stock has a market cap of $852.11 billion, a P/E ratio of 15.90, a PEG ratio of 2.04 and a beta of 1.13. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $318.01. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The company's fifty day simple moving average is $300.67 and its two-hundred day simple moving average is $274.97.

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 analysts' expectations of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business's quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.12 EPS. Analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, October 6th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. JPMorgan Chase & Co.'s dividend payout ratio is presently 28.73%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JPM. Zacks Research downgraded shares of JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an "overweight" rating in a research report on Tuesday, September 16th. Truist Financial boosted their price objective on shares of JPMorgan Chase & Co. from $290.00 to $319.00 and gave the company a "hold" rating in a research report on Tuesday, September 23rd. Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Finally, Morgan Stanley boosted their price objective on shares of JPMorgan Chase & Co. from $298.00 to $336.00 and gave the company an "equal weight" rating in a research report on Monday, September 29th. Fifteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $307.70.

Insider Buying and Selling

In other news, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction 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 represents a 10.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is currently owned by 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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