Gouws Capital LLC Acquires 1,933 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Key Points

• Gouws Capital LLC increased its holdings in JPMorgan Chase & Co. by 128.9% in the first quarter, now owning 3,433 shares worth approximately $842,000.
• The company reported $4.96 earnings per share (EPS) for the last quarter, exceeding estimates by $0.48, although revenue decreased by 10.5% year over year.
• JPMorgan Chase & Co. has declared a quarterly dividend of $1.40 per share, yielding 1.9%, with a dividend payout ratio currently at 28.73%.

Gouws Capital LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 128.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,433 shares of the financial services provider's stock after acquiring an additional 1,933 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.5% of Gouws Capital LLC's holdings, making the stock its 28th largest position. Gouws Capital LLC's holdings in JPMorgan Chase & Co. were worth $842,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in JPMorgan Chase & Co. in the 1st quarter valued at approximately $28,000. University of Illinois Foundation acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth approximately $30,000. Curat Global LLC acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth approximately $33,000. Measured Risk Portfolios Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $44,000. Finally, Minot DeBlois Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $54,000. Institutional investors own 71.55% of the company's stock.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of research analyst reports. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Truist Financial increased their price target on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a research report on Wednesday, July 9th. TD Securities restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Finally, Phillip Securities lowered JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and a consensus price target of $288.68.

JPMorgan Chase & Co. Stock Down 1.3%

Shares of JPM traded down $3.68 during midday trading on Friday, hitting $290.48. The stock had a trading volume of 7,339,238 shares, compared to its average volume of 7,940,475. The company has a 50 day simple moving average of $286.42 and a two-hundred day simple moving average of $263.59. JPMorgan Chase & Co. has a twelve month low of $200.61 and a twelve month high of $301.29. The firm has a market cap of $798.75 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 1.93 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. During the same quarter last year, the business posted $6.12 EPS. The company's revenue for the quarter was down 10.5% on a year-over-year basis. On average, analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd were paid a $1.40 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 1.9%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 28.73%.

Insider Activity

In other news, General Counsel Stacey Friedman sold 2,821 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $749,567.91. Following the completion of the transaction, the general counsel owned 68,757 shares in the company, valued at $18,269,422.47. This trade represents a 3.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jennifer Piepszak sold 6,128 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the transaction, the chief operating officer owned 62,455 shares of the company's stock, valued at $16,392,563.85. The trade was a 8.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,557 shares of company stock worth $4,113,796 in the last three months. Company insiders own 0.47% of the company's stock.

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.