JPMorgan Chase & Co. $JPM is Border to Coast Pensions Partnership Ltd's 9th Largest Position

Key Points

• Border to Coast Pensions Partnership Ltd has increased its holdings in JPMorgan Chase & Co. by 6.6%, making it the firm's 9th largest position with a valuation of approximately $115.6 million.
• JPMorgan Chase & Co. has reported quarterly earnings of $4.96 per share, exceeding analysts' expectations, and announced an increase in its quarterly dividend to $1.50 per share.
• Equities analysts have mixed views on the company, with ratings ranging from "Strong Buy" to "Sell," and a consensus price target of $292.78.

Border to Coast Pensions Partnership Ltd lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 6.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 398,699 shares of the financial services provider's stock after buying an additional 24,835 shares during the period. JPMorgan Chase & Co. comprises approximately 2.1% of Border to Coast Pensions Partnership Ltd's portfolio, making the stock its 9th biggest position. Border to Coast Pensions Partnership Ltd's holdings in JPMorgan Chase & Co. were worth $115,587,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. First Command Advisory Services Inc. grew its position 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 valued at $2,283,000 after purchasing an additional 40 shares in the last quarter. Black Swift Group LLC raised its stake in shares of JPMorgan Chase & Co. by 0.7% during the 1st quarter. Black Swift Group LLC now owns 5,759 shares of the financial services provider's stock worth $1,413,000 after purchasing an additional 40 shares in the last quarter. Beacon Bridge Wealth Partners LLC raised its position in JPMorgan Chase & Co. by 1.8% during the first quarter. Beacon Bridge Wealth Partners LLC now owns 2,231 shares of the financial services provider's stock valued at $547,000 after acquiring an additional 40 shares in the last quarter. Jackson Creek Investment Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.7% in the 1st quarter. Jackson Creek Investment Advisors LLC now owns 2,470 shares of the financial services provider's stock valued at $606,000 after purchasing an additional 41 shares during the last quarter. Finally, Vawter Financial Ltd. lifted its position in shares of JPMorgan Chase & Co. by 1.0% in the first quarter. Vawter Financial Ltd. now owns 3,971 shares of the financial services provider's stock worth $974,000 after buying an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Phillip Securities downgraded JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. HSBC reiterated a "reduce" rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an "overweight" rating in a report on Tuesday, September 16th. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. Finally, Piper Sandler reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and a consensus price target of $292.78.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $312.53 on Wednesday. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $316.31. 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 stock has a market cap of $859.37 billion, a P/E ratio of 16.04, a PEG ratio of 2.07 and a beta of 1.13. The company's 50-day simple moving average is $297.43 and its 200 day simple moving average is $270.22.

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

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. The ex-dividend date is Monday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 28.73%.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction on 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 directly owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is owned by corporate insiders.

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.

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