Signal Advisors Wealth LLC Acquires 3,136 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Signal Advisors Wealth LLC increased its stake in JPMorgan Chase & Co. by 11.3% during the second quarter, owning 30,994 shares valued at approximately $8.99 million.
• Multiple hedge funds have also increased their positions, with GAMMA Investing LLC raising its stake by an extraordinary 25,861.9%, now holding shares worth about $5.78 billion.
• JPMorgan Chase & Co. announced a quarterly dividend increase from $1.40 to $1.50, resulting in an annualized yield of 1.9%.

Signal Advisors Wealth LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 11.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,994 shares of the financial services provider's stock after purchasing an additional 3,136 shares during the period. Signal Advisors Wealth LLC's holdings in JPMorgan Chase & Co. were worth $8,985,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. MJT & Associates Financial Advisory Group Inc. acquired a new position in JPMorgan Chase & Co. during the first quarter worth about $28,000. University of Illinois Foundation acquired a new position in JPMorgan Chase & Co. during the first quarter worth about $30,000. Curat Global LLC acquired a new position in JPMorgan Chase & Co. during the first quarter worth about $33,000. Christopher J. Hasenberg Inc grew its holdings in JPMorgan Chase & Co. by 212.0% during the second quarter. Christopher J. Hasenberg Inc now owns 156 shares of the financial services provider's stock worth $45,000 after acquiring an additional 106 shares during the period. Finally, Capital A Wealth Management LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth about $64,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the transaction, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Trading Up 0.3%

JPM traded up $1.02 during midday trading on Friday, reaching $314.25. 23,513,937 shares of the company were exchanged, compared to its average volume of 7,166,939. 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 one year low of $202.16 and a one year high of $315.80. The stock has a market capitalization of $864.11 billion, a P/E ratio of 16.12, a PEG ratio of 2.09 and a beta of 1.13. The stock's 50-day simple moving average is $296.43 and its 200 day simple moving average is $269.27.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm had revenue of $44.91 billion for the quarter, compared to analysts' expectations of $43.76 billion. During the same quarter last year, the business earned $6.12 earnings per share. The company's revenue was down 10.5% compared to the same quarter last year. As a group, 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 announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. The ex-dividend date is Monday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 28.73%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on JPM shares. Zacks Research cut JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Finally, Robert W. Baird cut JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target on the stock. in a research note on Friday, June 27th. One equities 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 issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $292.78.

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.