Mattern Capital Management LLC Buys 1,076 Shares of JPMorgan Chase & Co. $JPM

Mattern Capital Management LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 31.7% in 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 4,469 shares of the financial services provider's stock after buying an additional 1,076 shares during the period. Mattern Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $1,296,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. River Street Advisors LLC raised its stake in JPMorgan Chase & Co. by 1.2% in the second quarter. River Street Advisors LLC now owns 21,505 shares of the financial services provider's stock worth $6,235,000 after buying an additional 258 shares in the last quarter. 25 LLC raised its stake in JPMorgan Chase & Co. by 13.8% in the second quarter. 25 LLC now owns 1,416 shares of the financial services provider's stock worth $411,000 after buying an additional 172 shares in the last quarter. Trinity Legacy Partners LLC raised its stake in JPMorgan Chase & Co. by 0.6% in the second quarter. Trinity Legacy Partners LLC now owns 21,394 shares of the financial services provider's stock worth $6,115,000 after buying an additional 131 shares in the last quarter. Hilltop National Bank bought a new position in JPMorgan Chase & Co. in the second quarter worth about $3,021,000. Finally, Investment Planning Advisors Inc. raised its stake in JPMorgan Chase & Co. by 14.5% in the second quarter. Investment Planning Advisors Inc. now owns 1,458 shares of the financial services provider's stock worth $423,000 after buying an additional 185 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the sale, the director owned 82,207 shares in the company, 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. Corporate insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $305.35 on Friday. The company has a market capitalization of $839.64 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 1.96 and a beta of 1.13. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm has a 50 day moving average of $301.37 and a 200 day moving average of $276.26. 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 announced its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same quarter last year, the firm earned $6.12 earnings per share. The firm's quarterly revenue 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 business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be issued a $1.50 dividend. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio is 30.79%.

Analysts Set New Price Targets

A number of research firms recently issued reports on JPM. Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $298.00 to $336.00 and gave the stock an "equal weight" rating in a research note on Monday, September 29th. Piper Sandler reaffirmed an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. TD Cowen raised their target price on shares of JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, October 3rd. Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. Finally, Truist Financial raised their target price on shares of JPMorgan Chase & Co. from $290.00 to $319.00 and gave the company a "hold" rating in a research note on Tuesday, September 23rd. Fourteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $313.89.

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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