JPMorgan Chase & Co. $JPM is Vanguard Personalized Indexing Management LLC's 8th Largest Position

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in JPMorgan Chase by 21.2%, making it the 8th largest position in their portfolio, with a value of approximately $128.4 million.
• JPMorgan Chase recently announced a quarterly dividend increase of 7.14%, raising it from $1.40 to $1.50 per share, which represents an annual yield of 2.0%.
• The company's latest earnings report showed a strong performance, with earnings per share of $5.07, exceeding analysts' estimates of $4.83, and quarterly revenue up 8.8% year-over-year.

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 21.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 442,656 shares of the financial services provider's stock after buying an additional 77,378 shares during the period. JPMorgan Chase & Co. makes up approximately 1.4% of Vanguard Personalized Indexing Management LLC's holdings, making the stock its 8th largest position. Vanguard Personalized Indexing Management LLC's holdings in JPMorgan Chase & Co. were worth $128,420,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC raised its position in JPMorgan Chase & Co. by 609,867.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 72,897,211 shares of the financial services provider's stock worth $21,133,630,000 after buying an additional 72,885,260 shares during the last quarter. Bank of New York Mellon Corp lifted its position in JPMorgan Chase & Co. by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 24,801,153 shares of the financial services provider's stock valued at $6,083,723,000 after purchasing an additional 454,226 shares during the period. Goldman Sachs Group Inc. lifted its position in JPMorgan Chase & Co. by 2.7% in the first quarter. Goldman Sachs Group Inc. now owns 20,548,182 shares of the financial services provider's stock valued at $5,040,469,000 after purchasing an additional 548,853 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in JPMorgan Chase & Co. by 5.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,441,044 shares of the financial services provider's stock valued at $4,523,588,000 after purchasing an additional 890,553 shares in the last quarter. Finally, Nuveen LLC acquired a new position in JPMorgan Chase & Co. during the 1st quarter worth approximately $3,972,807,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. 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 completion of 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 accessible through this hyperlink. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Trading Down 1.7%

Shares of JPMorgan Chase & Co. stock opened at $297.09 on Wednesday. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $318.01. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88. The business has a 50 day moving average price of $303.16 and a 200 day moving average price of $279.88. The company has a market capitalization of $816.92 billion, a P/E ratio of 14.71, a P/E/G ratio of 1.83 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, beating analysts' consensus estimates of $4.83 by $0.24. The firm had revenue of $46.43 billion for the quarter, compared to analysts' expectations of $44.42 billion. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.JPMorgan Chase & Co.'s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.37 EPS. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be given a dividend of $1.50 per share. The ex-dividend date is Monday, October 6th. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 29.72%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JPM. TD Cowen raised their price target on JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a "buy" rating in a report on Friday, October 3rd. KGI Securities raised their target price on JPMorgan Chase & Co. from $300.00 to $315.00 and gave the company a "hold" rating in a report on Wednesday, October 15th. Citigroup upped their price target on shares of JPMorgan Chase & Co. from $275.00 to $325.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 24th. DZ Bank reiterated a "neutral" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 15th. Finally, HSBC reissued a "reduce" rating and set a $259.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Hold" and a consensus price target of $322.86.

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.

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.