Steigerwald Gordon & Koch Inc. Has $36.54 Million Position in JPMorgan Chase & Co. $JPM

Key Points

• Steigerwald Gordon & Koch Inc. reduced its holdings in JPMorgan Chase & Co. by 0.6% in Q2, owning 126,021 shares valued at approximately $36.54 million.
• JPMorgan Chase & Co. reported a Q2 EPS of $4.96, exceeding estimates, with quarterly revenue declining 10.5% year-over-year.
• The company has recently increased its quarterly dividend to $1.50, reflecting a boost from the previous dividend and a yield of 1.9%.

Steigerwald Gordon & Koch Inc. lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,021 shares of the financial services provider's stock after selling 804 shares during the period. JPMorgan Chase & Co. makes up 3.9% of Steigerwald Gordon & Koch Inc.'s holdings, making the stock its 3rd largest position. Steigerwald Gordon & Koch Inc.'s holdings in JPMorgan Chase & Co. were worth $36,535,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. LCM Capital Management Inc increased its stake in JPMorgan Chase & Co. by 0.9% during the 2nd quarter. LCM Capital Management Inc now owns 3,847 shares of the financial services provider's stock valued at $1,115,000 after buying an additional 36 shares during the period. Lakeshore Financial Planning Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. Lakeshore Financial Planning Inc. now owns 8,417 shares of the financial services provider's stock valued at $2,441,000 after acquiring an additional 37 shares in the last quarter. First Command Advisory Services Inc. increased its stake in shares of JPMorgan Chase & Co. by 0.4% during the first quarter. First Command Advisory Services Inc. now owns 9,306 shares of the financial services provider's stock valued at $2,283,000 after acquiring an additional 40 shares during the period. Black Swift Group LLC raised its holdings in JPMorgan Chase & Co. by 0.7% during the first quarter. Black Swift Group LLC now owns 5,759 shares of the financial services provider's stock worth $1,413,000 after purchasing an additional 40 shares in the last quarter. Finally, Beacon Bridge Wealth Partners LLC lifted its position in JPMorgan Chase & Co. by 1.8% in the first quarter. Beacon Bridge Wealth Partners LLC now owns 2,231 shares of the financial services provider's stock worth $547,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $313.48 on Friday. The company has a 50-day moving average of $298.46 and a two-hundred day moving average of $271.08. The stock has a market cap of $862.00 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 2.06 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. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $316.58.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results 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 quarter in the prior year, the firm earned $6.12 EPS. The firm's quarterly revenue was down 10.5% on a year-over-year basis. On average, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Monday, October 6th. JPMorgan Chase & Co.'s payout ratio is 28.73%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction on 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. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on JPM. Keefe, Bruyette & Woods boosted their price objective on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Hsbc Global Res lowered JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 16th. Truist Financial raised their price objective on shares of JPMorgan Chase & Co. from $290.00 to $319.00 and gave the company a "hold" rating in a research report on Tuesday. Finally, Robert W. Baird cut shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price objective on the stock. in a research note on Friday, June 27th. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $297.17.

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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