Exchange Traded Concepts LLC Has $16.07 Million Stock Position in JPMorgan Chase & Co. $JPM

Key Points

• Exchange Traded Concepts LLC increased its stake in JPMorgan Chase & Co. by 5.2%, acquiring an additional 2,742 shares, bringing their total holdings to 55,429 shares valued at approximately $16.07 million.
• JPMorgan Chase & Co. reported a quarterly earnings of $4.96 per share, surpassing analyst expectations of $4.48, with a revenue of $44.91 billion for the quarter.
• The company is set to increase its quarterly dividend from $1.40 to $1.50 per share, which represents an annualized yield of 1.9% to be paid out on October 31st.

Exchange Traded Concepts LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 55,429 shares of the financial services provider's stock after purchasing an additional 2,742 shares during the quarter. Exchange Traded Concepts LLC's holdings in JPMorgan Chase & Co. were worth $16,069,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC raised its position in JPMorgan Chase & Co. by 25,861.9% in the 1st quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock worth $5,778,289,000 after purchasing an additional 23,465,278 shares during the period. Nuveen LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth about $3,972,807,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $454,042,000. National Bank of Canada FI lifted its position in JPMorgan Chase & Co. by 44.4% during the first quarter. National Bank of Canada FI now owns 4,518,740 shares of the financial services provider's stock valued at $1,108,415,000 after buying an additional 1,388,992 shares during the period. Finally, Strs Ohio bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at $279,389,000. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock traded down $2.05 during trading hours on Monday, reaching $312.73. 4,235,313 shares of the company's stock were exchanged, compared to its average volume of 9,646,851. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $315.80. 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's 50 day moving average is $296.43 and its two-hundred day moving average is $269.43. The company has a market cap of $859.93 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 2.09 and a beta of 1.13.

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 analysts' consensus estimates 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 business had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. During the same quarter last year, the company earned $6.12 earnings per share. The business's revenue for the quarter was down 10.5% compared to the same quarter last year. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS 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. Shareholders of record on Monday, October 6th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, October 6th. This represents a $6.00 annualized dividend and a yield of 1.9%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 30.79%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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 completion of the transaction, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on JPM shares. Evercore ISI set a $298.00 target price on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research note on Monday, July 7th. Morgan Stanley lifted their price objective on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $325.00 to $345.00 and gave the stock an "overweight" rating in a report on Tuesday, September 16th. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Finally, Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and a consensus target price of $292.78.

JPMorgan Chase & Co. Company 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.