Presidio Capital Management LLC Purchases 1,105 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Presidio Capital Management LLC increased its stake in JPMorgan Chase by 45.0%, acquiring an additional 1,105 shares, bringing its total holdings to 3,559 shares valued at approximately $1,032,000.
• Several research firms have adjusted their price targets on JPMorgan Chase, with the stock currently holding an average rating of "Moderate Buy" and an average price target of $292.78.
• JPMorgan Chase recently announced a quarterly dividend increase to $1.50 per share, reflecting a 1.9% dividend yield, up from its previous dividend of $1.40.

Presidio Capital Management LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 45.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,559 shares of the financial services provider's stock after purchasing an additional 1,105 shares during the period. JPMorgan Chase & Co. accounts for about 0.4% of Presidio Capital Management LLC's holdings, making the stock its 24th biggest position. Presidio Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $1,032,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in JPMorgan Chase & Co. during the first quarter worth about $28,000. University of Illinois Foundation purchased a new stake in JPMorgan Chase & Co. during the first quarter worth about $30,000. Curat Global LLC purchased a new stake in JPMorgan Chase & Co. during the first quarter worth about $33,000. Capital A Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $64,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $72,000. 71.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on JPM. Truist Financial lifted their target price on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a research note on Wednesday, July 9th. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price for the company. in a research note on Friday, June 27th. HSBC reiterated a "reduce" rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Finally, Zacks Research downgraded shares of JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $292.78.

JPMorgan Chase & Co. Trading Up 0.1%

Shares of JPM opened at $309.19 on Wednesday. The firm has a market cap of $850.20 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 2.05 and a beta of 1.13. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $310.90. The firm has a 50 day moving average price of $294.81 and a 200-day moving average price of $268.04.

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 earnings per share for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. The firm had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business's quarterly revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $6.12 EPS. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, October 6th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 28.73%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the business'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 completion of the sale, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.47% of the company's stock.

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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