Signal Tree Financial Partners LLC Makes New $311,000 Investment in JPMorgan Chase & Co. $JPM

Key Points

• Signal Tree Financial Partners LLC invested $311,000 in JPMorgan Chase & Co. by purchasing 1,073 shares during the second quarter.
• JPMorgan Chase recently increased its quarterly dividend to $1.50, up from $1.40, representing a 1.9% yield.
• JPMorgan reported earnings of $4.96 per share, beating analyst estimates of $4.48, though revenue decreased by 10.5% year-over-year.

Signal Tree Financial Partners LLC purchased a new position in JPMorgan Chase & Co. (NYSE:JPM) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,073 shares of the financial services provider's stock, valued at approximately $311,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Signet Financial Management LLC grew its stake in JPMorgan Chase & Co. by 1.8% in the 2nd quarter. Signet Financial Management LLC now owns 8,981 shares of the financial services provider's stock worth $2,604,000 after buying an additional 159 shares in the last quarter. Total Wealth Planning LLC bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter worth approximately $2,580,000. Verum Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.1% in the 2nd quarter. Verum Partners LLC now owns 6,430 shares of the financial services provider's stock worth $1,864,000 after acquiring an additional 68 shares during the last quarter. Legacy Solutions LLC bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter worth approximately $229,000. Finally, Wealth Effects LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.2% in the 2nd quarter. Wealth Effects LLC now owns 29,642 shares of the financial services provider's stock worth $8,594,000 after acquiring an additional 361 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Up 0.9%

NYSE:JPM opened at $316.12 on Friday. The company has a fifty day moving average of $298.96 and a 200 day moving average of $271.99. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $317.81. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $869.25 billion, a P/E ratio of 16.22, a P/E/G ratio of 2.08 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same period in the prior year, the business posted $6.12 EPS. The firm's revenue was down 10.5% compared to the same quarter last year. On average, research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

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

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction 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 transaction, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JPM. TD Securities restated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Hsbc Global Res lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Baird R W lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. Evercore ISI set a $298.00 price objective on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday, July 7th. Finally, Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an "overweight" rating in a report on Tuesday, September 16th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $297.17.

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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