Oliver Lagore Vanvalin Investment Group Makes New $2.16 Million Investment in JPMorgan Chase & Co. $JPM

Key Points

• Oliver Lagore Vanvalin Investment Group made a new investment in JPMorgan Chase & Co. worth approximately $2.16 million by acquiring 7,464 shares in the second quarter.
• The company announced an increase in its quarterly dividend from $1.40 to $1.50, resulting in an annualized dividend of $6.00 and a yield of 1.9%.
• Despite a lower rating from Zacks Research and Baird R W, JPMorgan Chase maintains a consensus rating of "Moderate Buy" with a price target of $292.78 among analysts.

Oliver Lagore Vanvalin Investment Group bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,464 shares of the financial services provider's stock, valued at approximately $2,164,000.

A number of other institutional investors have also made changes to their positions in JPM. Brighton Jones LLC increased its holdings in shares of JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after acquiring an additional 4,841 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of JPMorgan Chase & Co. by 0.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock worth $46,068,000 after acquiring an additional 1,229 shares during the last quarter. Pinney & Scofield Inc. acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $194,000. Twin Lakes Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.3% during the 4th quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider's stock worth $3,340,000 after acquiring an additional 40 shares during the last quarter. Finally, GF Fund Management CO. LTD. acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $114,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of research reports. Zacks Research lowered JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. Evercore ISI set a $298.00 price objective on JPMorgan Chase & Co. and gave the company an "outperform" rating in a report on Monday, July 7th. TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Finally, Hsbc Global Res lowered JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $292.78.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $314.25 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 twelve month low of $202.16 and a twelve month high of $315.80. The company has a market cap of $864.11 billion, a P/E ratio of 16.12, a P/E/G ratio of 2.09 and a beta of 1.13. The business has a fifty day simple moving average of $296.43 and a 200 day simple moving average of $269.27.

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. The firm had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The business's quarterly revenue was down 10.5% on a year-over-year basis. During the same period last year, the company earned $6.12 earnings per share. On average, 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 announced 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 a boost 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 is Monday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio is 28.73%.

Insider Buying and Selling

In other news, Director Linda Bammann sold 9,500 shares of the 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 approximately $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate 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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