Joel Isaacson & Co. LLC Raises Position in JPMorgan Chase & Co. $JPM

Key Points

• Joel Isaacson & Co. LLC increased its position in JPMorgan Chase & Co. by 4.5%, acquiring an additional 2,343 shares during the 2nd quarter, now holding a total of 53,946 shares valued at $15,639,000.
• JPMorgan Chase & Co. recently reported earnings of $5.07 per share, exceeding expectations, with a revenue of $46.43 billion for the quarter, marking an 8.8% year-over-year increase.
• The company announced a quarterly dividend increase from $1.40 to $1.50 per share, representing a 2.0% dividend yield and a payout ratio of 30.79%.

Joel Isaacson & Co. LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,946 shares of the financial services provider's stock after acquiring an additional 2,343 shares during the quarter. JPMorgan Chase & Co. makes up 0.6% of Joel Isaacson & Co. LLC's portfolio, making the stock its 25th largest holding. Joel Isaacson & Co. LLC's holdings in JPMorgan Chase & Co. were worth $15,639,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of JPM. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at $28,000. University of Illinois Foundation bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth about $30,000. Ryan Investment Management Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter worth about $37,000. Christopher J. Hasenberg Inc grew its holdings in JPMorgan Chase & Co. by 212.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 156 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 106 shares during the last quarter. Finally, Goodman Advisory Group LLC bought a new position in JPMorgan Chase & Co. during the 1st quarter valued at about $76,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Down 1.9%

NYSE JPM opened at $302.11 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm has a market cap of $830.72 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 1.99 and a beta of 1.13. The company has a 50 day moving average price of $302.11 and a 200 day moving average price of $277.61. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.83 by $0.24. The firm had revenue of $46.43 billion during the quarter, compared to analyst estimates of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. JPMorgan Chase & Co.'s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.37 EPS. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS 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 2.0%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 30.79%.

Analyst Ratings Changes

Several equities research analysts have issued reports on JPM shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a "hold" rating in a research report on Tuesday, September 30th. TD Cowen boosted their price objective on shares of JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, October 3rd. Hsbc Global Res cut shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. Fifteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of "Hold" and a consensus price target of $318.70.

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.

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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