JPMorgan Chase & Co. $JPM Shares Bought by Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.

Key Points

• Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. increased its stake in JPMorgan Chase & Co. by 527.8% during the second quarter, bringing its total holdings to $1,269,000.
• JPMorgan Chase & Co. recently reported $5.07 earnings per share for the quarter, exceeding analysts' expectations of $4.83, alongside a significant revenue increase of 8.8% year-over-year.
• The company announced a quarterly dividend increase to $1.50, representing a 2.0% yield and a payout ratio of 29.72%.

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 527.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,376 shares of the financial services provider's stock after acquiring an additional 3,679 shares during the quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings in JPMorgan Chase & Co. were worth $1,269,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Kingstone Capital Partners Texas LLC increased its stake in shares of JPMorgan Chase & Co. by 609,867.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 72,897,211 shares of the financial services provider's stock valued at $21,133,630,000 after acquiring an additional 72,885,260 shares during the period. Bank of New York Mellon Corp grew its position in 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 buying an additional 454,226 shares during the last quarter. Goldman Sachs Group Inc. grew its position in 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 buying an additional 548,853 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in 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 buying an additional 890,553 shares during the last quarter. Finally, Nuveen LLC acquired a new position in JPMorgan Chase & Co. in the first quarter worth approximately $3,972,807,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Buying and Selling

In other news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction dated 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 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.47% of the stock is owned by company insiders.

JPMorgan Chase & Co. Trading Down 1.7%

Shares of NYSE:JPM opened at $297.09 on Wednesday. The firm has a fifty day moving average of $303.16 and a two-hundred day moving average of $279.88. The firm has a market capitalization of $816.92 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 1.83 and a beta of 1.13. JPMorgan Chase & Co. has a 12-month low of $202.16 and a 12-month high of $318.01. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.26.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.83 by $0.24. The company had revenue of $46.43 billion during the quarter, compared to analyst estimates 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 for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $4.37 EPS. On average, equities analysts expect that JPMorgan Chase & Co. will post 18.1 EPS 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 issued a $1.50 dividend. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. The ex-dividend date is Monday, October 6th. This represents a $6.00 annualized dividend and a yield of 2.0%. JPMorgan Chase & Co.'s payout ratio is 29.72%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target on the stock. in a research report on Friday, June 27th. The Goldman Sachs Group restated a "buy" rating and issued a $366.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 14th. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Citigroup raised their price objective on shares of JPMorgan Chase & Co. from $275.00 to $325.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 24th. Finally, KGI Securities raised their price objective on shares of JPMorgan Chase & Co. from $300.00 to $315.00 and gave the stock a "hold" rating in a research note on Wednesday, October 15th. Fifteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target 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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