Moss Adams Wealth Advisors LLC Increases Stock Position in JPMorgan Chase & Co. $JPM

Key Points

• Moss Adams Wealth Advisors LLC has increased its stake in JPMorgan Chase & Co. by 9.3%, owning 10,973 shares worth $3,181,000 as of its latest SEC filing.
• JPMorgan Chase & Co. announced an increase in its quarterly dividend to $1.50 per share, with an annualized yield of 1.9%.
• The company's recent earnings report showed a net margin of 20.52% and a revenue of $44.91 billion, although it represented a 10.5% decline year-over-year.

Moss Adams Wealth Advisors LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 9.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,973 shares of the financial services provider's stock after purchasing an additional 935 shares during the quarter. Moss Adams Wealth Advisors LLC's holdings in JPMorgan Chase & Co. were worth $3,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. MJT & Associates Financial Advisory Group Inc. bought a new position in JPMorgan Chase & Co. during the first quarter valued at approximately $28,000. University of Illinois Foundation bought a new position in JPMorgan Chase & Co. during the first quarter valued at approximately $30,000. Curat Global LLC bought a new position in JPMorgan Chase & Co. during the first quarter valued at approximately $33,000. Ryan Investment Management Inc. bought a new position in JPMorgan Chase & Co. during the second quarter valued at approximately $37,000. Finally, Christopher J. Hasenberg Inc grew its position in JPMorgan Chase & Co. by 212.0% during the second quarter. Christopher J. Hasenberg Inc now owns 156 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 106 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Up 0.8%

Shares of NYSE JPM 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 firm has a market capitalization of $852.11 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13. The firm has a fifty day simple moving average of $300.67 and a two-hundred day simple moving average of $274.48. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The company's revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $6.12 earnings per share. Equities analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current 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 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 1.9%. The ex-dividend date of this dividend is Monday, October 6th. JPMorgan Chase & Co.'s payout ratio is 28.73%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Bank of America increased their price target on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Baird R W cut shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Friday, June 27th. Royal Bank Of Canada reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Thursday, September 11th. Phillip Securities cut shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Finally, Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $298.00 to $336.00 and gave the stock an "equal weight" rating in a report on Monday. Fourteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $303.45.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction on 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 completion of the transaction, the director 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 filing with the SEC, which can be accessed through this link. Corporate insiders own 0.47% of the company's stock.

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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