JPMorgan Chase & Co. $JPM Position Lifted by DMKC Advisory Services LLC

Key Points

• DMKC Advisory Services LLC increased its stake in JPMorgan Chase & Co. by 12.7%, owning 12,090 shares valued at approximately $3.5 million.
• JPMorgan Chase recently declared a quarterly dividend of $1.50 per share, up from the previous $1.40, reflecting an annualized yield of 2.0%.
• Shares of JPMorgan opened at $304.31, with a market cap of $836.78 billion and a current estimated earnings per share of $18.1 for the year.

DMKC Advisory Services LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 12.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,090 shares of the financial services provider's stock after acquiring an additional 1,361 shares during the quarter. JPMorgan Chase & Co. makes up 1.8% of DMKC Advisory Services LLC's portfolio, making the stock its 19th biggest position. DMKC Advisory Services LLC's holdings in JPMorgan Chase & Co. were worth $3,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its holdings in shares of JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after purchasing an additional 4,841 shares during the period. Parisi Gray Wealth Management raised its holdings in shares of JPMorgan Chase & Co. by 9.2% during the first quarter. Parisi Gray Wealth Management now owns 28,435 shares of the financial services provider's stock worth $6,975,000 after purchasing an additional 2,387 shares during the period. Regatta Capital Group LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.5% during the first quarter. Regatta Capital Group LLC now owns 22,132 shares of the financial services provider's stock worth $5,429,000 after purchasing an additional 111 shares during the period. Wealthcare Capital Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 22.9% during the first quarter. Wealthcare Capital Management LLC now owns 1,353 shares of the financial services provider's stock worth $332,000 after purchasing an additional 252 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of JPMorgan Chase & Co. by 5.8% during the first quarter. GAMMA Investing LLC now owns 96,029 shares of the financial services provider's stock worth $23,556,000 after purchasing an additional 5,296 shares during the period. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $304.31 on Thursday. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $318.01. The company has a 50-day moving average of $301.19 and a two-hundred day moving average of $275.87. The stock has a market cap of $836.78 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 1.99 and a beta of 1.13. 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 announced its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $43.76 billion. During the same period last year, the company posted $6.12 earnings per share. The business's revenue for the quarter was down 10.5% on a year-over-year basis. On average, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share 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. Investors of record on Monday, October 6th will be issued a dividend of $1.50 per share. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio is 30.79%.

Analyst Ratings Changes

A number of analysts recently weighed in on JPM shares. UBS Group increased their price objective on shares of JPMorgan Chase & Co. from $339.00 to $350.00 and gave the stock a "buy" rating in a report on Tuesday. Piper Sandler reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Keefe, Bruyette & Woods raised 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 note on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a "hold" rating in a research note on Tuesday, September 30th. Finally, TD Cowen raised their target price on shares of JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, October 3rd. Fifteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $309.95.

Insider Activity at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the firm'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 transaction of $2,830,430.00. Following the completion of the sale, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.47% of the company's stock.

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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