Kavar Capital Partners Group LLC Buys 1,122 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Kavar Capital Partners Group LLC increased its stake in JPMorgan Chase & Co. by 2.6%, owning a total of 44,254 shares worth $12.83 million.
• JPMorgan Chase recently declared a quarterly dividend of $1.50, up from the previous $1.40, representing an annualized yield of 1.9%.
• Analysts have rated JPMorgan Chase with 15 buy ratings and an average price target of $307.70, indicating a generally positive outlook despite mixed reports.

Kavar Capital Partners Group LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,254 shares of the financial services provider's stock after buying an additional 1,122 shares during the quarter. JPMorgan Chase & Co. accounts for 1.8% of Kavar Capital Partners Group LLC's portfolio, making the stock its 10th biggest holding. Kavar Capital Partners Group LLC's holdings in JPMorgan Chase & Co. were worth $12,830,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock valued at $11,682,000 after acquiring an additional 4,841 shares in the last quarter. Curat Global LLC purchased a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at $33,000. Procyon Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 0.6% in the first quarter. Procyon Advisors LLC now owns 90,497 shares of the financial services provider's stock valued at $22,199,000 after acquiring an additional 564 shares in the last quarter. MKT Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 3.3% in the first quarter. MKT Advisors LLC now owns 2,869 shares of the financial services provider's stock valued at $704,000 after acquiring an additional 91 shares in the last quarter. Finally, Sandbox Financial Partners LLC lifted its position in shares of JPMorgan Chase & Co. by 4.7% in the first quarter. Sandbox Financial Partners LLC now owns 5,946 shares of the financial services provider's stock valued at $1,459,000 after acquiring an additional 267 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on JPM shares. Weiss Ratings restated a "buy (b+)" rating on shares of JPMorgan Chase & Co. in a research report on Saturday, September 27th. Truist Financial upped their target price on JPMorgan Chase & Co. from $290.00 to $319.00 and gave the company a "hold" rating in a research note on Tuesday, September 23rd. Phillip Securities lowered JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 16th. Bank of America upped their target price on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. Fifteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $307.70.

JPMorgan Chase & Co. Stock Up 0.8%

Shares of JPMorgan Chase & Co. stock opened at $309.89 on Friday. 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 business's 50 day simple moving average is $300.67 and its 200-day simple moving average is $274.72. The stock has a market capitalization of $852.11 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 2.04 and a beta of 1.13. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating 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 period last year, the firm earned $6.12 EPS. The firm's revenue was down 10.5% compared to the same quarter last year. Equities research analysts forecast 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. Shareholders of record on Monday, October 6th will be given a $1.50 dividend. 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%. The ex-dividend date of this dividend is Monday, October 6th. JPMorgan Chase & Co.'s payout ratio is presently 28.73%.

Insider Buying and Selling at JPMorgan Chase & Co.

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