JPMorgan Chase & Co. $JPM Shares Bought by Chapin Davis Inc.

Key Points

• Chapin Davis Inc. has increased its stake in JPMorgan Chase & Co. by 3.2%, now owning 32,140 shares valued at approximately $9.3 million, making it the fund's eighth largest position.
• JPMorgan Chase recently declared a quarterly dividend of $1.50, up from the previous $1.40, resulting in an annualized dividend yield of 1.9%.
• Analyst ratings for JPMorgan Chase are mixed, with thirteen analysts rating it as a Buy and others issuing Hold and Sell ratings, reflecting varying outlooks on the stock's performance.

Chapin Davis Inc. increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,140 shares of the financial services provider's stock after buying an additional 1,010 shares during the quarter. JPMorgan Chase & Co. makes up 2.6% of Chapin Davis Inc.'s holdings, making the stock its 8th biggest position. Chapin Davis Inc.'s holdings in JPMorgan Chase & Co. were worth $9,318,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in JPMorgan Chase & Co. during the 1st quarter valued at $28,000. University of Illinois Foundation acquired a new stake in JPMorgan Chase & Co. during the 1st quarter valued at $30,000. Curat Global LLC acquired a new stake in JPMorgan Chase & Co. during the 1st quarter valued at $33,000. Ryan Investment Management Inc. acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at $37,000. Finally, Christopher J. Hasenberg Inc lifted its holdings in JPMorgan Chase & Co. by 212.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 156 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 106 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Up 0.2%

JPM stock opened at $313.42 on Thursday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $861.82 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 2.06 and a beta of 1.13. The business's fifty day moving average price is $297.99 and its two-hundred day moving average price is $270.52. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $316.58.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm had revenue of $44.91 billion for the quarter, compared to analysts' expectations of $43.76 billion. During the same quarter last year, the business earned $6.12 EPS. The company's quarterly revenue was down 10.5% compared to the same quarter last year. On average, equities analysts anticipate 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 given a $1.50 dividend. 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 1.9%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 28.73%.

Insider Activity at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction 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 transaction, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Robert W. Baird downgraded JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target for the company. in a report on Friday, June 27th. Hsbc Global Res downgraded JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Baird R W downgraded JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. Royal Bank Of Canada reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Thursday, September 11th. Finally, Bank of America increased their price objective on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Hold" and an average price target of $297.17.

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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