TigerOak Management L.L.C. Boosts Stock Position in JPMorgan Chase & Co. $JPM

Key Points

• TigerOak Management L.L.C. increased its stake in JPMorgan Chase & Co. by 4.5% in Q2, holding 22,591 shares valued at approximately $6.55 million, making it the firm's 11th largest position.
• JPMorgan announced a quarterly dividend increase to $1.50, up from $1.40, indicating an annualized dividend of $6.00 and a yield of 1.9%.
• Several analysts have provided mixed ratings on JPMorgan's stock, with a consensus price target of $297.17 and a mix of Buy, Hold, and Sell recommendations from 23 analysts.

TigerOak Management L.L.C. lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,591 shares of the financial services provider's stock after purchasing an additional 963 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 2.2% of TigerOak Management L.L.C.'s investment portfolio, making the stock its 11th largest position. TigerOak Management L.L.C.'s holdings in JPMorgan Chase & Co. were worth $6,549,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of JPM. MJT & Associates Financial Advisory Group Inc. purchased a new position in JPMorgan Chase & Co. during the first quarter worth $28,000. University of Illinois Foundation purchased a new position in JPMorgan Chase & Co. during the first quarter worth $30,000. Curat Global LLC purchased a new position in JPMorgan Chase & Co. during the first quarter worth $33,000. Ryan Investment Management Inc. purchased a new position in JPMorgan Chase & Co. during the second quarter worth $37,000. Finally, Christopher J. Hasenberg Inc boosted its stake 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 buying an additional 106 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several research firms have commented on JPM. HSBC reaffirmed 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 boosted their target price on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an "overweight" rating in a research note on Tuesday, September 16th. Hsbc Global Res lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Finally, Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of "Hold" and a consensus price target of $297.17.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $316.12 on Monday. The company has a market capitalization of $869.25 billion, a PE ratio of 16.22, a P/E/G ratio of 2.08 and a beta of 1.13. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The company has a 50-day simple moving average of $298.96 and a two-hundred day simple moving average of $272.32. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $317.81.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its 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. The business had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The firm's revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $6.12 earnings per share. Research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company 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 $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 yield of 1.9%. The ex-dividend date is Monday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio is presently 28.73%.

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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