JPMorgan Chase & Co. $JPM Shares Sold by Alpine Woods Capital Investors LLC

Key Points

• Alpine Woods Capital Investors LLC reduced its holdings in JPMorgan Chase & Co. by 2.5%, now owning 53,090 shares valued at approximately $15.39 million.
• JPMorgan Chase & Co. reported $5.07 EPS for the most recent quarter, exceeding analysts' expectations of $4.83, along with an 8.8% increase in revenue compared to the same period last year.
• The company announced a quarterly dividend increase from $1.40 to $1.50, equating to an annualized yield of 2.0%, with the payment scheduled for October 31st.

Alpine Woods Capital Investors LLC lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 53,090 shares of the financial services provider's stock after selling 1,361 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 3.7% of Alpine Woods Capital Investors LLC's holdings, making the stock its 3rd largest holding. Alpine Woods Capital Investors LLC's holdings in JPMorgan Chase & Co. were worth $15,391,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of JPM. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of JPMorgan Chase & Co. in the first quarter worth about $28,000. University of Illinois Foundation purchased a new position in shares of JPMorgan Chase & Co. in the first quarter worth about $30,000. Ryan Investment Management Inc. purchased a new position in shares of JPMorgan Chase & Co. in the second quarter worth about $37,000. Christopher J. Hasenberg Inc raised its stake in shares of 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 worth $45,000 after purchasing an additional 106 shares during the last quarter. Finally, Goodman Advisory Group LLC purchased a new position in shares of JPMorgan Chase & Co. in the first quarter worth about $76,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Up 0.1%

JPMorgan Chase & Co. stock opened at $294.37 on Friday. The stock has a market capitalization of $809.44 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 1.77 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 business has a 50 day simple moving average of $303.23 and a 200-day simple moving average of $280.54. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, beating analysts' consensus estimates of $4.83 by $0.24. The business had revenue of $46.43 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the business earned $4.37 earnings per share. On average, analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. The ex-dividend date is Monday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 29.72%.

Wall Street Analysts Forecast Growth

JPM has been the subject of several research analyst reports. Loop Capital set a $310.00 price objective on JPMorgan Chase & Co. in a research note on Thursday. Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an "overweight" rating in a research report on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft lifted their price target on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a "hold" rating in a research report on Tuesday, September 30th. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $330.00 to $354.00 and gave the company an "outperform" rating in a research report on Friday, October 10th. Finally, HSBC reiterated a "reduce" rating and set a $259.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and an average price target of $322.27.

Insider Activity at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the business's 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 completion of the sale, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is owned by company insiders.

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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