Global Financial Private Client LLC Has $3.82 Million Stake in JPMorgan Chase & Co. $JPM

Key Points

• Global Financial Private Client LLC increased its stake in JPMorgan Chase & Co. by 19.0%, bringing its total holdings to 13,182 shares, worth approximately $3.82 million.
• JPMorgan Chase & Co. reported $4.96 EPS for the recent quarter, surpassing analyst expectations, although its revenue decreased by 10.5% year-over-year.
• The company announced a quarterly dividend increase to $1.50 per share, up from the previous $1.40, with an annualized dividend yield of 1.9%.

Global Financial Private Client LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 19.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,182 shares of the financial services provider's stock after acquiring an additional 2,105 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.4% of Global Financial Private Client LLC's holdings, making the stock its 9th biggest position. Global Financial Private Client LLC's holdings in JPMorgan Chase & Co. were worth $3,822,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in JPM. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of JPMorgan Chase & Co. in the first quarter worth about $28,000. University of Illinois Foundation bought a new position in JPMorgan Chase & Co. in the 1st quarter worth approximately $30,000. Curat Global LLC bought a new position in JPMorgan Chase & Co. in the 1st quarter worth approximately $33,000. Christopher J. Hasenberg Inc boosted its stake in JPMorgan Chase & Co. by 212.0% in the 2nd 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 during the period. Finally, Capital A Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth $64,000. 71.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on JPM. Bank of America increased their price target on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an "overweight" rating in a research report on Tuesday, September 16th. HSBC reiterated a "reduce" rating and set a $259.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. Phillip Securities lowered shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Finally, TD Securities reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $292.78.

JPMorgan Chase & Co. Trading Up 0.3%

JPM opened at $314.25 on Friday. The firm has a market cap of $864.11 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 2.09 and a beta of 1.13. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $315.80. The stock has a fifty day moving average price of $296.43 and a 200-day moving average price of $269.27.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The firm's revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $6.12 earnings per share. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be paid a dividend of $1.50 per share. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. The ex-dividend date is Monday, October 6th. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 28.73%.

Insider Activity at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the director 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 legal filing with the SEC, which is available through this link. 0.47% of the stock is currently owned by company 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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