Reyes Financial Architecture Inc. Purchases 828 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Reyes Financial Architecture Inc. increased its stake in JPMorgan Chase & Co. by 33.3% during the 2nd quarter, owning a total of 3,317 shares valued at approximately $962,000.
• JPMorgan Chase recently announced a quarterly dividend increase to $1.50, with an annualized yield of 1.9%, compared to the previous quarterly dividend of $1.40.
• Shares of JPMorgan Chase opened at $309.19, with a market cap of $850.20 billion, as analysts maintain a “Moderate Buy” rating on the stock with an average target price of $292.78.

Reyes Financial Architecture Inc. grew its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 33.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,317 shares of the financial services provider's stock after acquiring an additional 828 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.8% of Reyes Financial Architecture Inc.'s holdings, making the stock its 16th largest position. Reyes Financial Architecture Inc.'s holdings in JPMorgan Chase & Co. were worth $962,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $28,000. University of Illinois Foundation bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $30,000. Curat Global LLC bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $33,000. Capital A Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $64,000. Finally, Mpwm Advisory Solutions LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter worth about $72,000. Institutional investors own 71.55% of the company's stock.

Insiders Place Their Bets

In related news, Director Linda Bammann sold 9,500 shares of the 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Up 0.1%

Shares of JPM opened at $309.19 on Wednesday. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $310.90. The company has a market cap of $850.20 billion, a P/E ratio of 15.86, a P/E/G ratio of 2.05 and a beta of 1.13. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a 50 day simple moving average of $294.81 and a two-hundred day simple moving average 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 EPS for the quarter, beating the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same period in the previous year, the business earned $6.12 earnings per share. The company's revenue was down 10.5% on a year-over-year basis. Research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS 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. Investors of record on Monday, October 6th will be issued a $1.50 dividend. The ex-dividend date is Monday, October 6th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 28.73%.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of research analyst reports. Phillip Securities cut JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Wells Fargo & Company increased their price objective on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an "overweight" rating in a research report on Tuesday. Zacks Research lowered shares of JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. Finally, Royal Bank Of Canada set a $305.00 price objective on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $292.78.

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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