JPMorgan Chase & Co. $JPM is Register Financial Advisors LLC's 6th Largest Position

Key Points

• Register Financial Advisors LLC has reduced its stake in JPMorgan Chase & Co. by 5.5%, making it the firm's 6th largest position, now accounting for 2.1% of their portfolio.
• JPMorgan's quarterly earnings surpassed expectations with $4.96 earnings per share, despite a 10.5% decline in revenue year-over-year, totaling $44.91 billion.
• The company announced a quarterly dividend increase to $1.50 per share, yielding 1.9%, to be paid on October 31st.

Register Financial Advisors LLC cut its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,468 shares of the financial services provider's stock after selling 950 shares during the quarter. JPMorgan Chase & Co. accounts for 2.1% of Register Financial Advisors LLC's portfolio, making the stock its 6th largest position. Register Financial Advisors LLC's holdings in JPMorgan Chase & Co. were worth $4,774,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at $28,000. University of Illinois Foundation acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at $30,000. Ryan Investment Management Inc. acquired a new stake in JPMorgan Chase & Co. in the second quarter valued at $37,000. Curat Global LLC acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at $33,000. Finally, Christopher J. Hasenberg Inc raised its holdings in 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 acquiring an additional 106 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on JPM. Phillip Securities cut shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. Truist Financial increased their target price on shares of JPMorgan Chase & Co. from $290.00 to $319.00 and gave the stock a "hold" rating in a report on Tuesday, September 23rd. Piper Sandler reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 15th. Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Hold" and an average target price of $297.17.

JPMorgan Chase & Co. Stock Up 0.9%

JPM stock opened at $316.12 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $317.81. The firm's 50-day simple moving average is $298.96 and its 200 day simple moving average is $272.32. The stock has a market cap of $869.25 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 2.08 and a beta of 1.13.

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, topping analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business had revenue of $44.91 billion for the quarter, compared to analysts' expectations of $43.76 billion. During the same quarter last year, the company earned $6.12 EPS. The company's revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

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

Insider Transactions at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value 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. This represents a 10.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.47% of the stock is owned by corporate 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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