JPMorgan Chase & Co. $JPM Shares Bought by Revisor Wealth Management LLC

Key Points

• Revisor Wealth Management LLC significantly increased its stake in JPMorgan Chase & Co. by 187.6% in the second quarter, acquiring a total of 7,096 shares, valued at approximately $2.05 million.
• The company recently announced a quarterly dividend increase to $1.50 per share, up from $1.40, with a yield of 1.9% and an annualized payout of $6.00.
• JPMorgan reported earnings of $4.96 per share for the last quarter, exceeding analysts' expectations, although this represented a 10.5% decline in revenue compared to the same quarter last year.

Revisor Wealth Management LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 187.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,096 shares of the financial services provider's stock after purchasing an additional 4,629 shares during the period. JPMorgan Chase & Co. accounts for about 0.7% of Revisor Wealth Management LLC's portfolio, making the stock its 27th largest position. Revisor Wealth Management LLC's holdings in JPMorgan Chase & Co. were worth $2,055,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in JPMorgan Chase & Co. during the 1st quarter worth approximately $28,000. University of Illinois Foundation purchased a new position in JPMorgan Chase & Co. during the 1st quarter worth approximately $30,000. Ryan Investment Management Inc. purchased a new position in JPMorgan Chase & Co. during the 2nd quarter worth approximately $37,000. Curat Global LLC purchased a new position in JPMorgan Chase & Co. during the 1st quarter worth approximately $33,000. Finally, Christopher J. Hasenberg Inc raised its position 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 worth $45,000 after buying an additional 106 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. 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 sale, the director owned 82,207 shares of the company's stock, valued at $24,492,753.58. The trade was a 10.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.47% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $313.48 on Friday. The company's fifty day moving average price is $298.46 and its 200 day moving average price is $271.08. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $316.58. The stock has a market capitalization of $862.00 billion, a P/E ratio of 16.08, a P/E/G ratio of 2.06 and a beta of 1.13. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. 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 company earned $6.12 EPS. The firm's revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be paid a dividend of $1.50 per share. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Monday, October 6th. This represents a $6.00 annualized dividend and a yield of 1.9%. JPMorgan Chase & Co.'s dividend payout ratio is presently 28.73%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on JPM shares. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target for the company. in a research report on Friday, June 27th. Wells Fargo & Company raised their price objective on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 16th. TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Bank of America raised their price objective on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Finally, Royal Bank Of Canada reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Thursday, September 11th. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $297.17.

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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