Global Trust Asset Management LLC Buys 1,533 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Global Trust Asset Management LLC increased its stake in JPMorgan Chase & Co. by 33.5% during the second quarter, acquiring an additional 1,533 shares and bringing its total holdings to 6,104 shares worth approximately $1.77 million.
• JPMorgan Chase & Co. recently declared a dividend of $1.50 per share, up from $1.40, with an annualized yield of 1.9% and a payout ratio of 28.73%.
• The company's quarterly earnings report showed an EPS of $4.96, surpassing expectations, but reflected a 10.5% decline in year-over-year revenue.

Global Trust Asset Management LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 33.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,104 shares of the financial services provider's stock after purchasing an additional 1,533 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.9% of Global Trust Asset Management LLC's holdings, making the stock its 21st largest holding. Global Trust Asset Management LLC's holdings in JPMorgan Chase & Co. were worth $1,770,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LCM Capital Management Inc lifted its holdings in JPMorgan Chase & Co. by 0.9% during the second quarter. LCM Capital Management Inc now owns 3,847 shares of the financial services provider's stock worth $1,115,000 after acquiring an additional 36 shares in the last quarter. Lakeshore Financial Planning Inc. lifted its holdings in JPMorgan Chase & Co. by 0.4% during the second quarter. Lakeshore Financial Planning Inc. now owns 8,417 shares of the financial services provider's stock worth $2,441,000 after acquiring an additional 37 shares in the last quarter. Western Financial Corp CA lifted its holdings in JPMorgan Chase & Co. by 1.5% during the second quarter. Western Financial Corp CA now owns 2,642 shares of the financial services provider's stock worth $766,000 after acquiring an additional 38 shares in the last quarter. First Command Advisory Services Inc. lifted its holdings in JPMorgan Chase & Co. by 0.4% during the first quarter. First Command Advisory Services Inc. now owns 9,306 shares of the financial services provider's stock worth $2,283,000 after acquiring an additional 40 shares in the last quarter. Finally, Black Swift Group LLC lifted its holdings in JPMorgan Chase & Co. by 0.7% during the first quarter. Black Swift Group LLC now owns 5,759 shares of the financial services provider's stock worth $1,413,000 after acquiring an additional 40 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, September 2nd. The stock was 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 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 this hyperlink. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Trading Up 0.8%

JPMorgan Chase & Co. stock opened at $309.89 on Friday. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $318.01. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $852.11 billion, a P/E ratio of 15.90, a PEG ratio of 2.03 and a beta of 1.13. The stock has a 50-day simple moving average of $300.67 and a 200 day simple moving average of $274.48.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly 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. 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 during the quarter, compared to analysts' expectations of $43.76 billion. During the same quarter last year, the company posted $6.12 earnings per share. JPMorgan Chase & Co.'s quarterly revenue was down 10.5% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have weighed in on JPM shares. Phillip Securities lowered JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Bank of America lifted 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. Royal Bank Of Canada reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Thursday, September 11th. Finally, The Goldman Sachs Group set a $330.00 price target on JPMorgan Chase & Co. in a research note on Tuesday. Fourteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $303.45.

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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