JPMorgan Chase & Co. $JPM Shares Acquired by Yarger Wealth Strategies LLC

Key Points

• Yarger Wealth Strategies LLC increased its stake in JPMorgan Chase & Co. by 24.3% in Q2, owning 10,033 shares worth $2.9 million.
• Multiple institutional investors, such as Kingstone Capital Partners, made significant adjustments to their shares, with Kingstone increasing its holdings by over 609,867%.
• JPMorgan Chase & Co. is set to increase its quarterly dividend from $1.40 to $1.50, reflecting a strong commitment to returning value to shareholders.

Yarger Wealth Strategies LLC grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 24.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,033 shares of the financial services provider's stock after acquiring an additional 1,961 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.5% of Yarger Wealth Strategies LLC's holdings, making the stock its 20th largest holding. Yarger Wealth Strategies LLC's holdings in JPMorgan Chase & Co. were worth $2,909,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC boosted its holdings in JPMorgan Chase & Co. by 609,867.5% in the second 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 acquiring an additional 72,885,260 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of 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 worth $6,083,723,000 after purchasing an additional 454,226 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of 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 worth $5,040,469,000 after purchasing an additional 548,853 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of JPMorgan Chase & Co. by 5.1% in the first 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 worth $4,523,588,000 after purchasing an additional 890,553 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of JPMorgan Chase & Co. in the first quarter worth about $3,972,807,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Truist Financial lifted their price target on JPMorgan Chase & Co. from $290.00 to $319.00 and gave the company a "hold" rating in a research report on Tuesday, September 23rd. UBS Group lifted their price target on JPMorgan Chase & Co. from $339.00 to $350.00 and gave the company a "buy" rating in a research report on Tuesday, October 7th. DZ Bank reiterated a "neutral" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 15th. KGI Securities lifted their price target on JPMorgan Chase & Co. from $300.00 to $315.00 and gave the company a "hold" rating in a research report on Wednesday, October 15th. Finally, TD Cowen lifted their price target on JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $322.86.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $293.83 on Thursday. 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's 50 day moving average price is $303.23 and its 200-day moving average price is $279.98. The firm has a market capitalization of $807.96 billion, a PE ratio of 14.55, a P/E/G ratio of 1.79 and a beta of 1.13. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.83 by $0.24. The firm had revenue of $46.43 billion for the quarter, compared to analyst estimates of $44.42 billion. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The business's revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the company posted $4.37 earnings per share. As a group, equities research 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 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 boost 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%. The ex-dividend date of this dividend is Monday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio is presently 29.72%.

Insider Activity

In other news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, September 2nd. The stock was 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 $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is owned by corporate insiders.

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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