Moody Lynn & Lieberson LLC Has $57.72 Million Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Moody Lynn & Lieberson LLC increased its stake in JPMorgan Chase & Co. by 1.1% during the second quarter, holding 199,082 shares valued at $57.72 million.
• JPMorgan Chase recently reported earnings per share of $4.96 for the quarter, exceeding estimates, although revenue decreased by 10.5% year-over-year.
• The company announced an increase in its quarterly dividend to $1.50 per share, marking a positive change from the previous $1.40, with an annualized yield of 1.9%.

Moody Lynn & Lieberson LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 199,082 shares of the financial services provider's stock after acquiring an additional 2,162 shares during the quarter. JPMorgan Chase & Co. accounts for about 3.3% of Moody Lynn & Lieberson LLC's investment portfolio, making the stock its 7th largest holding. Moody Lynn & Lieberson LLC's holdings in JPMorgan Chase & Co. were worth $57,716,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of JPMorgan Chase & Co. in the first quarter worth approximately $28,000. University of Illinois Foundation purchased a new position in shares of JPMorgan Chase & Co. in the first quarter worth approximately $30,000. Curat Global LLC purchased a new position in shares of JPMorgan Chase & Co. in the first quarter worth approximately $33,000. Ryan Investment Management Inc. purchased a new position in shares of JPMorgan Chase & Co. in the second quarter worth approximately $37,000. Finally, Christopher J. Hasenberg Inc boosted its holdings 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 buying an additional 106 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $309.89 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $318.01. The firm's fifty day moving average is $300.67 and its 200 day moving average is $274.48. The company has a market cap of $852.11 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 2.03 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping 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 company had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same quarter last year, the business posted $6.12 earnings per share. The firm's revenue was down 10.5% on a year-over-year basis. Sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. This is a positive change 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 28.73%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on JPM. Deutsche Bank Aktiengesellschaft raised their price objective on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock a "hold" rating in a report on Tuesday. Evercore ISI raised their price objective on shares of JPMorgan Chase & Co. from $309.00 to $330.00 and gave the stock an "outperform" rating in a report on Tuesday. Royal Bank Of Canada reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Thursday, September 11th. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an "overweight" rating in a report on Tuesday, September 16th. Fourteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $303.45.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the transaction, the director 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 legal filing with the SEC, which is available at this link. 0.47% of the stock is owned by company insiders.

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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