Shell Asset Management Co. Has $25.23 Million Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Shell Asset Management Co. increased its stake in JPMorgan Chase & Co. by 36.5% to own 87,011 shares, valued at approximately $25.23 million.
• JPMorgan Chase's quarterly dividend has been increased from $1.40 to $1.50 per share, with a dividend yield of 2.0% and a payout ratio of 30.79%.
• The company reported strong earnings, with a net income of $5.07 per share, exceeding analysts' expectations and reflecting an 8.8% year-over-year revenue increase.

Shell Asset Management Co. grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 36.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,011 shares of the financial services provider's stock after acquiring an additional 23,248 shares during the period. JPMorgan Chase & Co. accounts for 0.9% of Shell Asset Management Co.'s holdings, making the stock its 15th largest position. Shell Asset Management Co.'s holdings in JPMorgan Chase & Co. were worth $25,225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of JPM. Kingstone Capital Partners Texas LLC lifted its position in JPMorgan Chase & Co. by 609,867.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 72,897,211 shares of the financial services provider's stock worth $21,133,630,000 after acquiring an additional 72,885,260 shares during the last quarter. Nuveen LLC acquired a new stake in JPMorgan Chase & Co. during the first quarter worth approximately $3,972,807,000. National Bank of Canada FI lifted its position in JPMorgan Chase & Co. by 44.4% during the first quarter. National Bank of Canada FI now owns 4,518,740 shares of the financial services provider's stock worth $1,108,415,000 after acquiring an additional 1,388,992 shares during the last quarter. Strs Ohio acquired a new stake in JPMorgan Chase & Co. during the first quarter worth approximately $279,389,000. Finally, Alecta Tjanstepension Omsesidigt acquired a new stake in JPMorgan Chase & Co. during the first quarter worth approximately $278,493,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on JPM shares. The Goldman Sachs Group reiterated a "buy" rating and issued a $366.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday. Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a "hold" rating in a research report on Tuesday, September 30th. Finally, Morgan Stanley lifted their price target on shares of JPMorgan Chase & Co. from $336.00 to $338.00 and gave the company an "equal weight" rating in a research report on Wednesday. Fifteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Hold" and a consensus price target of $319.40.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the sale, the director owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $305.94 on Thursday. The company's 50 day simple moving average is $302.40 and its 200 day simple moving average is $277.80. The stock has a market capitalization of $841.24 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 1.94 and a beta of 1.13. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts' consensus estimates of $4.83 by $0.24. The firm had revenue of $46.43 billion for the quarter, compared to analysts' expectations of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The company's revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.37 earnings per share. As a group, research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, October 6th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. JPMorgan Chase & Co.'s payout ratio is presently 30.79%.

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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