Triasima Portfolio Management inc. Increases Stock Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Triasima Portfolio Management Inc. increased its stock holdings in JPMorgan Chase & Co. by 16.3% during the second quarter, now owning 27,154 shares valued at approximately $7.87 million.
• JPMorgan Chase recently reported an earnings per share (EPS) of $5.07 for the last quarter, exceeding analysts' expectations of $4.83 and showing a year-over-year revenue increase of 8.8%.
• The company plans to pay a quarterly dividend of $1.50 on October 31st, representing a 7.1% increase from its previous dividend of $1.40, with an annual yield of 2.0%.

Triasima Portfolio Management inc. boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 16.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,154 shares of the financial services provider's stock after purchasing an additional 3,796 shares during the period. JPMorgan Chase & Co. comprises 1.4% of Triasima Portfolio Management inc.'s portfolio, making the stock its 22nd biggest holding. Triasima Portfolio Management inc.'s holdings in JPMorgan Chase & Co. were worth $7,872,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Proffitt & Goodson Inc. boosted its position in JPMorgan Chase & Co. by 1.6% in the second quarter. Proffitt & Goodson Inc. now owns 7,911 shares of the financial services provider's stock worth $2,293,000 after purchasing an additional 124 shares during the last quarter. REAP Financial Group LLC boosted its position in JPMorgan Chase & Co. by 94.1% in the second quarter. REAP Financial Group LLC now owns 1,786 shares of the financial services provider's stock worth $518,000 after purchasing an additional 866 shares during the last quarter. Sax Wealth Advisors LLC boosted its position in JPMorgan Chase & Co. by 7.4% in the second quarter. Sax Wealth Advisors LLC now owns 20,729 shares of the financial services provider's stock worth $6,010,000 after purchasing an additional 1,434 shares during the last quarter. BankPlus Trust Department boosted its position in JPMorgan Chase & Co. by 10.8% in the second quarter. BankPlus Trust Department now owns 14,627 shares of the financial services provider's stock worth $4,241,000 after purchasing an additional 1,430 shares during the last quarter. Finally, Penney Financial LLC purchased a new position in JPMorgan Chase & Co. in the second quarter worth about $202,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Up 1.3%

Shares of JPM opened at $305.94 on Thursday. The business's 50 day moving average is $302.40 and its 200 day moving average is $277.80. The company has a market capitalization of $841.24 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 1.94 and a beta of 1.13. JPMorgan Chase & Co. has a 12-month low of $202.16 and a 12-month high of $318.01. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued 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 the consensus estimate of $44.42 billion. During the same quarter last year, the company earned $4.37 EPS. The firm's quarterly revenue was up 8.8% on a year-over-year basis. Research analysts expect 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. Shareholders of record on Monday, October 6th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, October 6th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. JPMorgan Chase & Co.'s dividend payout ratio is presently 30.79%.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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. The trade was a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Citigroup raised their target price on JPMorgan Chase & Co. from $275.00 to $325.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 24th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $366.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday. Truist Financial raised their price objective on JPMorgan Chase & Co. from $290.00 to $319.00 and gave the stock a "hold" rating in a research note on Tuesday, September 23rd. Evercore ISI raised their price objective on JPMorgan Chase & Co. from $309.00 to $330.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 30th. Finally, Daiwa Capital Markets raised their price objective on JPMorgan Chase & Co. from $330.00 to $332.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 8th. Fifteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Hold" and an average target price of $319.40.

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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