Fulcrum Capital LLC Sells 1,703 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Fulcrum Capital LLC reduced its stake in JPMorgan Chase & Co. by 3.5%, selling 1,703 shares and now holds 46,858 shares valued at approximately $13.6 million.
• JPMorgan recently reported a strong quarterly earnings with an EPS of $5.07, surpassing estimates, and revenue of $46.43 billion, reflecting an 8.8% year-over-year increase.
• The company announced a dividend increase from $1.40 to $1.50 per share, with the payment date set for October 31, representing an annualized dividend yield of 2.0%.

Fulcrum Capital LLC lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,858 shares of the financial services provider's stock after selling 1,703 shares during the quarter. JPMorgan Chase & Co. makes up 2.9% of Fulcrum Capital LLC's portfolio, making the stock its 11th biggest position. Fulcrum Capital LLC's holdings in JPMorgan Chase & Co. were worth $13,585,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Financial Connections Group Inc. raised its holdings in shares of JPMorgan Chase & Co. by 17.5% in the 2nd quarter. Financial Connections Group Inc. now owns 403 shares of the financial services provider's stock valued at $116,000 after purchasing an additional 60 shares in the last quarter. Lindenwold Advisors INC grew its position in shares of JPMorgan Chase & Co. by 2.5% in the 2nd quarter. Lindenwold Advisors INC now owns 11,814 shares of the financial services provider's stock worth $3,425,000 after buying an additional 289 shares during the last quarter. SLT Holdings LLC grew its position in shares of JPMorgan Chase & Co. by 113.1% in the 2nd quarter. SLT Holdings LLC now owns 1,877 shares of the financial services provider's stock worth $544,000 after buying an additional 996 shares during the last quarter. KFA Private Wealth Group LLC grew its position in shares of JPMorgan Chase & Co. by 8.9% in the 2nd quarter. KFA Private Wealth Group LLC now owns 3,098 shares of the financial services provider's stock worth $898,000 after buying an additional 253 shares during the last quarter. Finally, Aberdeen Group plc grew its position in shares of JPMorgan Chase & Co. by 3.7% in the 2nd quarter. Aberdeen Group plc now owns 2,431,568 shares of the financial services provider's stock worth $709,933,000 after buying an additional 87,085 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Up 1.6%

JPM stock opened at $302.33 on Tuesday. The firm's fifty day simple moving average is $303.07 and its 200-day simple moving average is $279.76. The company has a market capitalization of $831.32 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 1.80 and a beta of 1.13. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.83 by $0.24. The business had revenue of $46.43 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm earned $4.37 EPS. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be issued a $1.50 dividend. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Monday, October 6th. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. JPMorgan Chase & Co.'s payout ratio is currently 29.72%.

Insider Activity at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the business's 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 completion of the transaction, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. The trade was a 10.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.47% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on JPM shares. Royal Bank Of Canada reaffirmed a "buy" rating and issued a $343.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 14th. Morgan Stanley lifted their price objective on shares of JPMorgan Chase & Co. from $336.00 to $338.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft lifted their price objective 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. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $366.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 14th. Finally, Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 16th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $322.86.

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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