One Degree Advisors Inc Makes New Investment in JPMorgan Chase & Co. $JPM

Key Points

• One Degree Advisors Inc has acquired a new position in JPMorgan Chase & Co., purchasing 1,202 shares valued at approximately $348,000 during the second quarter.
• Analysts have mixed ratings on JPMorgan's stock, with fifteen giving it a "Buy" rating and others issuing lower projections; the average target price stands at $322.86.
• JPMorgan recently raised its quarterly dividend to $1.50, marking an increase from the previous dividend of $1.40, indicating a strong financial performance.

One Degree Advisors Inc purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,202 shares of the financial services provider's stock, valued at approximately $348,000.

Several other institutional investors also recently added to or reduced their stakes in JPM. JFS Wealth Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. JFS Wealth Advisors LLC now owns 7,897 shares of the financial services provider's stock valued at $2,290,000 after purchasing an additional 35 shares during the period. LCM Capital Management Inc increased its holdings in shares of JPMorgan Chase & Co. by 0.9% in the second quarter. LCM Capital Management Inc now owns 3,847 shares of the financial services provider's stock valued at $1,115,000 after purchasing an additional 36 shares during the period. jvl associates llc increased its holdings in shares of JPMorgan Chase & Co. by 1.7% in the second quarter. jvl associates llc now owns 2,094 shares of the financial services provider's stock valued at $607,000 after purchasing an additional 36 shares during the period. Lakeshore Financial Planning Inc. increased its holdings in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. Lakeshore Financial Planning Inc. now owns 8,417 shares of the financial services provider's stock valued at $2,441,000 after purchasing an additional 37 shares during the period. Finally, Western Financial Corp CA increased its holdings in shares of JPMorgan Chase & Co. by 1.5% in the second quarter. Western Financial Corp CA now owns 2,642 shares of the financial services provider's stock valued at $766,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on JPM. Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. Royal Bank Of Canada reissued a "buy" rating and issued a $343.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, October 14th. Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $325.00 to $345.00 and gave the stock an "overweight" rating in a report on Tuesday, September 16th. Daiwa Capital Markets upped their price objective on JPMorgan Chase & Co. from $330.00 to $332.00 and gave the stock an "outperform" rating in a report on Wednesday, October 8th. Finally, KGI Securities upped their price objective on JPMorgan Chase & Co. from $300.00 to $315.00 and gave the stock a "hold" rating in a report on Wednesday, October 15th. Fifteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $322.86.

Insider Activity

In other news, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction on 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 sale, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Up 1.6%

Shares of NYSE:JPM opened at $302.33 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $318.01. The stock's fifty day simple moving average is $303.07 and its 200-day simple moving average is $279.76. The company has a market capitalization of $831.32 billion, a P/E ratio of 14.97, a P/E/G ratio of 1.80 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $46.43 billion for the quarter, compared to the consensus estimate of $44.42 billion. During the same period in the prior year, the business earned $4.37 earnings per share. The business's revenue was up 8.8% on a year-over-year basis. As a group, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be given 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 dividend yield of 2.0%. The ex-dividend date is Monday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 29.72%.

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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