JPMorgan Chase & Co. $JPM Shares Acquired by Dohj LLC

Key Points

• Dohj LLC increased its stake in JPMorgan Chase & Co. by 15.7% during the second quarter, owning 11,490 shares valued at approximately $3,331,000.
• JPMorgan Chase recently declared a quarterly dividend of $1.50 per share, which is up from its previous dividend of $1.40, indicating a boost in shareholder returns.
• The company reported $5.07 EPS for the latest quarter, beating analyst expectations, with revenue of $46.43 billion, marking an 8.8% increase compared to last year.

Dohj LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 15.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,490 shares of the financial services provider's stock after buying an additional 1,560 shares during the quarter. Dohj LLC's holdings in JPMorgan Chase & Co. were worth $3,331,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Castle Rock Wealth Management LLC grew its position in shares of JPMorgan Chase & Co. by 52.8% during the second quarter. Castle Rock Wealth Management LLC now owns 17,607 shares of the financial services provider's stock worth $5,138,000 after buying an additional 6,087 shares in the last quarter. Morton Capital Management LLC CA lifted its stake in JPMorgan Chase & Co. by 8.6% during the second quarter. Morton Capital Management LLC CA now owns 12,673 shares of the financial services provider's stock worth $3,674,000 after purchasing an additional 1,004 shares during the last quarter. Valmark Advisers Inc. lifted its stake in JPMorgan Chase & Co. by 1.1% during the second quarter. Valmark Advisers Inc. now owns 40,640 shares of the financial services provider's stock worth $11,782,000 after purchasing an additional 450 shares during the last quarter. Hall Capital Management Co. Inc. lifted its stake in JPMorgan Chase & Co. by 0.6% during the second quarter. Hall Capital Management Co. Inc. now owns 29,800 shares of the financial services provider's stock worth $8,639,000 after purchasing an additional 170 shares during the last quarter. Finally, Armbruster Capital Management Inc. lifted its stake in JPMorgan Chase & Co. by 2.2% during the second quarter. Armbruster Capital Management Inc. now owns 7,333 shares of the financial services provider's stock worth $2,126,000 after purchasing an additional 155 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Activity at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director 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 through this link. 0.47% of the stock is owned by company insiders.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $298.67 on Friday. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $318.01. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock has a 50 day moving average of $302.63 and a two-hundred day moving average of $278.17. The stock has a market cap of $821.27 billion, a P/E ratio of 14.79, a P/E/G ratio of 1.96 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.83 by $0.24. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The business had revenue of $46.43 billion during the quarter, compared to analysts' expectations of $44.42 billion. During the same quarter in the prior year, the business earned $4.37 earnings per share. The company's quarterly revenue was up 8.8% compared to the same quarter last year. On average, research analysts forecast 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. Stockholders of record on Monday, October 6th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. The ex-dividend date is Monday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 29.72%.

Wall Street Analyst Weigh In

JPM has been the subject of several recent analyst reports. Daiwa Capital Markets boosted their target price on JPMorgan Chase & Co. from $330.00 to $332.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 8th. Evercore ISI boosted their target price on JPMorgan Chase & Co. from $309.00 to $330.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 30th. Keefe, Bruyette & Woods boosted their target price on JPMorgan Chase & Co. from $330.00 to $354.00 and gave the stock an "outperform" rating in a research note on Friday, October 10th. Royal Bank Of Canada reiterated a "buy" rating and issued a $343.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday. Finally, Truist Financial boosted their price objective on JPMorgan Chase & Co. from $290.00 to $319.00 and gave the company a "hold" rating in a research note on Tuesday, September 23rd. 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $319.40.

JPMorgan Chase & Co. 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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