JPMorgan Chase & Co. $JPM is Brave Asset Management Inc.'s 8th Largest Position

Key Points

• Brave Asset Management Inc. reduced its stake in JPMorgan Chase & Co. by 2.0%, owning 47,682 shares, making it the firm's 8th largest position, valued at approximately $13.8 million.
• JPMorgan Chase & Co. recently reported an earnings per share (EPS) of $4.96 for the quarter, surpassing analysts' estimates and reflecting a 10.5% year-over-year decline in revenue.
• The company declared a quarterly dividend of $1.50 per share, increasing from $1.40 previously, with a current annualized dividend yield of 1.9% and a payout ratio of 28.73%.

Brave Asset Management Inc. reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,682 shares of the financial services provider's stock after selling 981 shares during the period. JPMorgan Chase & Co. accounts for about 3.7% of Brave Asset Management Inc.'s portfolio, making the stock its 8th largest holding. Brave Asset Management Inc.'s holdings in JPMorgan Chase & Co. were worth $13,828,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $28,000. University of Illinois Foundation purchased a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $30,000. Ryan Investment Management Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $37,000. Curat Global LLC purchased a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $33,000. Finally, Christopher J. Hasenberg Inc grew its position in shares of JPMorgan Chase & Co. by 212.0% in the second 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 in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 0.9%

JPM opened at $316.12 on Monday. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $317.81. The stock has a market capitalization of $869.25 billion, a PE ratio of 16.22, a P/E/G ratio of 2.08 and a beta of 1.13. The business's 50 day moving average price is $298.96 and its 200 day moving average price is $272.32. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88.

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 EPS 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 firm had revenue of $44.91 billion for the quarter, compared to analysts' expectations of $43.76 billion. During the same period in the prior year, the firm posted $6.12 earnings per share. The firm's quarterly revenue was down 10.5% on a year-over-year basis. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be paid a dividend of $1.50 per share. 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 payout ratio is currently 28.73%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the company's 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 transaction, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. TD Securities restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Robert W. Baird lowered JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target for the company. in a research report on Friday, June 27th. Hsbc Global Res lowered JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Finally, Royal Bank Of Canada restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Thursday, September 11th. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and a consensus price target of $297.17.

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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