Mainstay Capital Management LLC ADV Has $6.64 Million Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Mainstay Capital Management LLC ADV increased its stake in JPMorgan Chase & Co. by 100.2% in the 2nd quarter, now holding 22,918 shares valued at $6.64 million.
• JPMorgan Chase & Co. reported a quarterly EPS of $5.07, surpassing analyst expectations, with revenue of $46.43 billion, an 8.8% year-over-year increase.
• The company declared a quarterly dividend increase to $1.50 per share, reflecting a 2.0% dividend yield and a payout ratio of 29.72%.

Mainstay Capital Management LLC ADV increased its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 100.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,918 shares of the financial services provider's stock after buying an additional 11,470 shares during the quarter. JPMorgan Chase & Co. makes up 0.3% of Mainstay Capital Management LLC ADV's holdings, making the stock its 21st biggest position. Mainstay Capital Management LLC ADV's holdings in JPMorgan Chase & Co. were worth $6,644,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in JPMorgan Chase & Co. in the 1st quarter valued at $28,000. University of Illinois Foundation bought a new stake in JPMorgan Chase & Co. in the 1st quarter valued at $30,000. Ryan Investment Management Inc. bought a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at $37,000. Christopher J. Hasenberg Inc increased 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 period. Finally, Goodman Advisory Group LLC bought a new position in JPMorgan Chase & Co. during the 1st quarter worth $76,000. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $297.81 on Friday. The business's 50-day moving average price is $302.82 and its 200-day moving average price is $278.54. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $318.01. The firm has a market capitalization of $818.91 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 1.81 and a beta of 1.13. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results 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. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The firm had revenue of $46.43 billion for the quarter, compared to analyst estimates of $44.42 billion. During the same period last year, the firm posted $4.37 earnings per share. The business's revenue for the quarter was up 8.8% on a year-over-year basis. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, October 6th. This is a positive change 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 2.0%. JPMorgan Chase & Co.'s payout ratio is 29.72%.

Analyst Ratings Changes

JPM has been the topic of several recent research reports. Weiss Ratings reiterated a "buy (b+)" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price objective on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock a "hold" rating in a research report on Tuesday, September 30th. Phillip Securities cut JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada reiterated a "buy" rating and set a $343.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday. Finally, Robert W. Baird cut JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price objective on the stock. in a research report on Friday, June 27th. Fifteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Hold" and an average target price of $319.40.

Insider Activity at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the sale, the director directly owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.47% of the company's stock.

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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