JSF Financial LLC Has $2.99 Million Holdings in JPMorgan Chase & Co. $JPM

Key Points

• JSF Financial LLC increased its holdings in JPMorgan Chase & Co. by 10.5%, owning a total of 10,328 shares valued at approximately $2.99 million.
• JPMorgan Chase & Co. reported a quarterly EPS of $4.96, exceeding analysts' expectations, despite a 10.5% decrease in revenue compared to the previous year.
• The firm declared a quarterly dividend of $1.50 per share, representing an annualized dividend of $6.00, marking an increase from the previous quarter's $1.40 per share.

JSF Financial LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 10.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,328 shares of the financial services provider's stock after acquiring an additional 980 shares during the quarter. JPMorgan Chase & Co. accounts for about 0.7% of JSF Financial LLC's investment portfolio, making the stock its 23rd largest holding. JSF Financial LLC's holdings in JPMorgan Chase & Co. were worth $2,994,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JPM. LCM Capital Management Inc raised its holdings in JPMorgan Chase & Co. by 0.9% in the 2nd quarter. LCM Capital Management Inc now owns 3,847 shares of the financial services provider's stock valued at $1,115,000 after acquiring an additional 36 shares in the last quarter. jvl associates llc raised its holdings in JPMorgan Chase & Co. by 1.7% in the 2nd quarter. jvl associates llc now owns 2,094 shares of the financial services provider's stock valued at $607,000 after acquiring an additional 36 shares in the last quarter. Lakeshore Financial Planning Inc. raised its holdings in JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Lakeshore Financial Planning Inc. now owns 8,417 shares of the financial services provider's stock valued at $2,441,000 after acquiring an additional 37 shares in the last quarter. Western Financial Corp CA raised its holdings in JPMorgan Chase & Co. by 1.5% in the 2nd quarter. Western Financial Corp CA now owns 2,642 shares of the financial services provider's stock valued at $766,000 after acquiring an additional 38 shares in the last quarter. Finally, First Command Advisory Services Inc. raised its holdings in JPMorgan Chase & Co. by 0.4% in the 1st quarter. First Command Advisory Services Inc. now owns 9,306 shares of the financial services provider's stock valued at $2,283,000 after acquiring an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Down 1.4%

Shares of JPM opened at $301.12 on Monday. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $318.01. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. The stock has a 50 day simple moving average of $301.61 and a 200-day simple moving average of $276.98. The stock has a market cap of $828.00 billion, a PE ratio of 15.45, a PEG ratio of 1.94 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. During the same period in the prior year, the firm posted $6.12 EPS. JPMorgan Chase & Co.'s quarterly revenue was down 10.5% compared to the same quarter last year. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, October 6th. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. JPMorgan Chase & Co.'s payout ratio is 30.79%.

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 stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.47% of the company's stock.

Analyst Ratings Changes

JPM has been the subject of several recent research reports. Piper Sandler reaffirmed an "overweight" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 15th. Zacks Research cut JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. Finally, Robert W. Baird cut 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. Fifteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Hold" and a consensus target price of $316.00.

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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