JPMorgan Chase & Co. $JPM Shares Acquired by Fifth Third Wealth Advisors LLC

Key Points

• Fifth Third Wealth Advisors LLC increased its holdings in JPMorgan Chase & Co. by 15.4%, owning 124,399 shares worth approximately $36 million, making it the firm's 12th largest holding.
• JPMorgan Chase reported an earnings per share (EPS) of $5.07 for the latest quarter, exceeding analysts’ estimates and demonstrating an 8.8% year-over-year revenue growth.
• The company announced a quarterly dividend increase to $1.50 per share, raising its annualized dividend to $6.00 with a yield of 2.0%, effective October 31st.

Fifth Third Wealth Advisors LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 15.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 124,399 shares of the financial services provider's stock after acquiring an additional 16,620 shares during the period. JPMorgan Chase & Co. accounts for about 1.5% of Fifth Third Wealth Advisors LLC's portfolio, making the stock its 12th largest holding. Fifth Third Wealth Advisors LLC's holdings in JPMorgan Chase & Co. were worth $36,065,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in JPMorgan Chase & Co. in the first quarter valued at approximately $28,000. University of Illinois Foundation acquired a new position in JPMorgan Chase & Co. in the first quarter valued at approximately $30,000. Ryan Investment Management Inc. acquired a new position in JPMorgan Chase & Co. in the second quarter valued at approximately $37,000. Christopher J. Hasenberg Inc lifted 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 during the last quarter. Finally, Goodman Advisory Group LLC acquired a new position in JPMorgan Chase & Co. in the first quarter valued at approximately $76,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 1.6%

JPMorgan Chase & Co. stock opened at $302.33 on Tuesday. 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's fifty day simple moving average is $303.07 and its 200-day simple moving average is $279.76. The firm has a market capitalization of $831.32 billion, a P/E ratio of 14.97, a P/E/G ratio of 1.80 and a beta of 1.13. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, topping analysts' consensus estimates of $4.83 by $0.24. The firm had revenue of $46.43 billion during the quarter, compared to the consensus estimate of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The company's revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.37 earnings per share. As a group, equities analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

Insider Activity at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction 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 transaction, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.47% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on JPM. Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an "overweight" rating in a report on Tuesday, September 16th. Bank of America boosted their target price on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. HSBC reissued a "reduce" rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. Robert W. Baird lowered JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price on the stock. in a research report on Friday, June 27th. Finally, Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Fifteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price 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.

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