Stiles Financial Services Inc Acquires 1,411 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Stiles Financial Services Inc. increased its stake in JPMorgan Chase & Co. by 12.9%, acquiring an additional 1,411 shares during Q2, bringing its total holdings to 12,366 shares valued at $3,586,000.
• JPMorgan's recent earnings report showed an EPS of $5.07, exceeding estimates, and revenue increase to $46.43 billion, reflecting a growth of 8.8% compared to the previous year.
• The company announced a quarterly dividend increase from $1.40 to $1.50, representing an annual yield of 2.0%, with the dividend payout ratio currently at 29.72%.

Stiles Financial Services Inc raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 12.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,366 shares of the financial services provider's stock after acquiring an additional 1,411 shares during the quarter. JPMorgan Chase & Co. makes up 1.2% of Stiles Financial Services Inc's holdings, making the stock its 17th largest holding. Stiles Financial Services Inc's holdings in JPMorgan Chase & Co. were worth $3,586,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of JPM. LCM Capital Management Inc lifted its holdings in shares of JPMorgan Chase & Co. by 0.9% in the 2nd quarter. LCM Capital Management Inc now owns 3,847 shares of the financial services provider's stock worth $1,115,000 after buying an additional 36 shares during the period. jvl associates llc lifted its holdings in shares of JPMorgan Chase & Co. by 1.7% in the 2nd quarter. jvl associates llc now owns 2,094 shares of the financial services provider's stock worth $607,000 after buying an additional 36 shares during the period. Lakeshore Financial Planning Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Lakeshore Financial Planning Inc. now owns 8,417 shares of the financial services provider's stock worth $2,441,000 after buying an additional 37 shares during the period. Western Financial Corp CA lifted its holdings in shares of JPMorgan Chase & Co. by 1.5% in the 2nd quarter. Western Financial Corp CA now owns 2,642 shares of the financial services provider's stock worth $766,000 after buying an additional 38 shares during the period. Finally, Morey & Quinn Wealth Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 2.3% in the 2nd quarter. Morey & Quinn Wealth Partners LLC now owns 1,664 shares of the financial services provider's stock worth $482,000 after buying an additional 38 shares during the period. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Down 0.2%

Shares of NYSE:JPM opened at $297.81 on Friday. The business's 50-day moving average is $302.82 and its 200 day moving average is $278.77. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $318.01. The firm has a market capitalization of $818.91 billion, a P/E ratio of 14.75, a P/E/G ratio of 1.80 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. (NYSE:JPM - Get Free Report) last announced its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.83 by $0.24. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The company had revenue of $46.43 billion for the quarter, compared to analyst estimates of $44.42 billion. During the same period in the prior year, the company posted $4.37 EPS. The firm's quarterly revenue was up 8.8% 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 fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders 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. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio is currently 29.72%.

Analyst Ratings Changes

JPM has been the subject of several research reports. Weiss Ratings reiterated a "buy (b+)" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, October 8th. UBS Group upped their price objective on JPMorgan Chase & Co. from $339.00 to $350.00 and gave the stock a "buy" rating in a research note on Tuesday, October 7th. HSBC restated a "reduce" rating and set a $259.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Morgan Stanley upped their price objective on JPMorgan Chase & Co. from $336.00 to $338.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Finally, Hsbc Global Res cut JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Hold" and an average price target of $319.40.

Insider Buying and Selling at JPMorgan Chase & Co.

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

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.

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