JPMorgan Chase & Co. $JPM is Sarasin & Partners LLP's 9th Largest Position

Key Points

• Sarasin & Partners LLP increased its stake in JPMorgan Chase & Co. by 4.7%, making it the firm's 9th largest holding, valued at approximately $326.2 million.
• Recent upgrades by analysts set price targets for JPMorgan's stock ranging from $275.00 to $340.00, with an average target price of $292.78.
• The company declared a dividend increase to $1.50 per share, reflecting a 1.9% yield and a payout ratio of 28.73%.

Sarasin & Partners LLP grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,125,184 shares of the financial services provider's stock after acquiring an additional 50,697 shares during the period. JPMorgan Chase & Co. comprises approximately 3.2% of Sarasin & Partners LLP's holdings, making the stock its 9th largest position. Sarasin & Partners LLP's holdings in JPMorgan Chase & Co. were worth $326,202,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of JPM. MJT & Associates Financial Advisory Group Inc. bought a new position in JPMorgan Chase & Co. in the 1st quarter worth $28,000. University of Illinois Foundation purchased a new stake in JPMorgan Chase & Co. in the 1st quarter worth $30,000. Curat Global LLC purchased a new stake in JPMorgan Chase & Co. in the 1st quarter worth $33,000. Christopher J. Hasenberg Inc lifted its stake in JPMorgan Chase & Co. by 212.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 156 shares of the financial services provider's stock worth $45,000 after purchasing an additional 106 shares in the last quarter. Finally, Capital A Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth $64,000. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

JPM traded up $1.02 on Friday, reaching $314.25. 23,513,937 shares of the company's stock were exchanged, compared to its average volume of 7,166,939. The stock has a market cap of $864.11 billion, a PE ratio of 16.12, a P/E/G ratio of 2.08 and a beta of 1.13. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $315.80. The stock's fifty day moving average price is $296.43 and its 200-day moving average price is $269.15. 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 issued its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS 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 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 firm earned $6.12 earnings per share. JPMorgan Chase & Co.'s quarterly revenue was down 10.5% compared to the same quarter last year. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

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

Insider Activity

In other 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 value of $2,830,430.00. Following the sale, the director directly owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Citigroup set a $275.00 price target on shares of JPMorgan Chase & Co. and gave the stock a "buy" rating in a research note on Monday, July 7th. Bank of America upped their target price on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Phillip Securities cut shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods upped their target price on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Finally, Piper Sandler restated an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $292.78.

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.