Talbot Financial LLC Boosts Stock Position in JPMorgan Chase & Co. $JPM

Key Points

• Talbot Financial LLC increased its stake in JPMorgan Chase & Co. by 14.4%, now owning 107,270 shares worth approximately $31.1 million, making it the firm's 7th largest position.
• Several significant institutional investors, including Kingstone Capital Partners and Bank of New York Mellon Corp, have also boosted their holdings in JPMorgan Chase & Co., increasing institutional ownership to 71.55%.
• JPMorgan Chase & Co. recently announced a dividend increase to $1.50 per share, which reflects a positive change from the previous quarterly dividend of $1.40.

Talbot Financial LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 14.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,270 shares of the financial services provider's stock after purchasing an additional 13,530 shares during the quarter. JPMorgan Chase & Co. makes up about 2.9% of Talbot Financial LLC's holdings, making the stock its 7th largest position. Talbot Financial LLC's holdings in JPMorgan Chase & Co. were worth $31,099,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC increased its position in shares of 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 valued at $21,133,630,000 after acquiring an additional 72,885,260 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of JPMorgan Chase & Co. by 1.9% during the first quarter. Bank of New York Mellon Corp now owns 24,801,153 shares of the financial services provider's stock valued at $6,083,723,000 after acquiring an additional 454,226 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of JPMorgan Chase & Co. by 2.7% during the first quarter. Goldman Sachs Group Inc. now owns 20,548,182 shares of the financial services provider's stock valued at $5,040,469,000 after acquiring an additional 548,853 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of JPMorgan Chase & Co. by 5.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,441,044 shares of the financial services provider's stock valued at $4,523,588,000 after acquiring an additional 890,553 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $3,972,807,000. Institutional investors own 71.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on JPM. UBS Group increased their price target on JPMorgan Chase & Co. from $339.00 to $350.00 and gave the company a "buy" rating in a research report on Tuesday, October 7th. Zacks Research downgraded JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. The Goldman Sachs Group raised their target price on JPMorgan Chase & Co. from $336.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, October 3rd. Piper Sandler reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. Finally, Royal Bank Of Canada reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Thursday, September 11th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $313.89.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $301.12 on Friday. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $318.01. The business has a fifty day moving average price of $301.61 and a 200-day moving average price of $276.78. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $828.00 billion, a P/E ratio of 15.45, a PEG ratio of 1.94 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, 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 during the quarter, compared to analyst estimates of $43.76 billion. During the same period last year, the company earned $6.12 earnings per share. The business's revenue for the quarter was down 10.5% on a year-over-year basis. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS 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. Investors of record on Monday, October 6th will be given a dividend of $1.50 per share. The ex-dividend date is Monday, October 6th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a yield of 2.0%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 30.79%.

Insider Buying and Selling 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 value of $2,830,430.00. Following the sale, the director owned 82,207 shares of the company's stock, valued at $24,492,753.58. This trade represents a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is currently owned by insiders.

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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