Triton Wealth Management PLLC Makes New Investment in JPMorgan Chase & Co. $JPM

Key Points

• Triton Wealth Management PLLC acquired 1,372 shares of JPMorgan Chase & Co. valued at approximately $407,000 in the second quarter, marking a new investment in the bank.
• JPMorgan Chase reported a quarterly EPS of $5.07, exceeding analyst expectations of $4.83, alongside revenue of $46.43 billion, up 8.8% year-over-year.
• The company recently increased its quarterly dividend to $1.50 per share, reflecting positive financial performance and a dividend yield of 2.0%.

Triton Wealth Management PLLC purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,372 shares of the financial services provider's stock, valued at approximately $407,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of JPM. Brighton Jones LLC boosted its holdings in shares of JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after buying an additional 4,841 shares in the last quarter. GAMMA Investing LLC raised its position in shares of JPMorgan Chase & Co. by 5.8% during the first quarter. GAMMA Investing LLC now owns 96,029 shares of the financial services provider's stock worth $23,556,000 after purchasing an additional 5,296 shares during the period. Ironwood Wealth Management LLC. raised its position in shares of JPMorgan Chase & Co. by 0.7% during the first quarter. Ironwood Wealth Management LLC. now owns 15,400 shares of the financial services provider's stock worth $3,778,000 after purchasing an additional 107 shares during the period. Acorns Advisers LLC raised its position in shares of JPMorgan Chase & Co. by 6.9% during the first quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider's stock worth $379,000 after purchasing an additional 100 shares during the period. Finally, GHP Investment Advisors Inc. raised its position in shares of JPMorgan Chase & Co. by 1.8% during the first quarter. GHP Investment Advisors Inc. now owns 94,432 shares of the financial services provider's stock worth $23,164,000 after purchasing an additional 1,676 shares during the period. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Up 1.9%

Shares of NYSE:JPM opened at $300.27 on Friday. The company has a market capitalization of $825.66 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 1.81 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. The business has a fifty day moving average price of $303.43 and a two-hundred day moving average price of $281.56. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.83 by $0.24. The firm had revenue of $46.43 billion during the quarter, compared to the consensus estimate of $44.42 billion. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The business's revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.37 EPS. Analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date 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 currently 29.72%.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of research reports. Barclays upped their target price on JPMorgan Chase & Co. from $330.00 to $342.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 15th. Hsbc Global Res lowered JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Daiwa Capital Markets upped their target price on JPMorgan Chase & Co. from $330.00 to $332.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 8th. Bank of America upped their target price on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, Royal Bank Of Canada reissued a "buy" rating and issued a $343.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $322.27.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the 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 completion of the transaction, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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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