UMB Bank n.a. Has $122.64 Million Stock Holdings in JPMorgan Chase & Co. $JPM

Key Points

• UMB Bank n.a. decreased its stock position in JPMorgan Chase & Co. by 2.6%, selling 11,300 shares, while the bank's holdings are now worth $122.6 million.
• Several institutional investors, including MJT & Associates and University of Illinois Foundation, have recently bought new positions in JPMorgan Chase & Co., reflecting increased interest in the company.
• JPMorgan Chase & Co. has declared a quarterly dividend increase from $1.40 to $1.50 per share, marking a 1.9% yield, with a payout ratio of 28.73%.

UMB Bank n.a. reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 423,014 shares of the financial services provider's stock after selling 11,300 shares during the quarter. JPMorgan Chase & Co. makes up 1.9% of UMB Bank n.a.'s portfolio, making the stock its 11th biggest holding. UMB Bank n.a.'s holdings in JPMorgan Chase & Co. were worth $122,636,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. BDF Gestion increased its stake in JPMorgan Chase & Co. by 6.9% in the second quarter. BDF Gestion now owns 77,211 shares of the financial services provider's stock valued at $22,384,000 after purchasing an additional 5,000 shares during the last quarter. Marshall & Sullivan Inc. WA purchased a new stake in shares of JPMorgan Chase & Co. in the second quarter worth about $174,000. Shelton Wealth Management LLC boosted its position in shares of JPMorgan Chase & Co. by 3.4% in the second quarter. Shelton Wealth Management LLC now owns 4,900 shares of the financial services provider's stock worth $1,421,000 after buying an additional 161 shares during the period. My Legacy Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 3.4% in the second quarter. My Legacy Advisors LLC now owns 10,234 shares of the financial services provider's stock worth $2,949,000 after buying an additional 336 shares during the period. Finally, Lantz Financial LLC boosted its position in shares of JPMorgan Chase & Co. by 1.6% in the second quarter. Lantz Financial LLC now owns 6,972 shares of the financial services provider's stock worth $2,021,000 after buying an additional 107 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Down 0.7%

Shares of JPM traded down $2.23 during mid-day trading on Monday, reaching $312.55. The company's stock had a trading volume of 7,508,137 shares, compared to its average volume of 7,917,725. The business has a fifty day moving average of $296.43 and a 200 day moving average of $269.43. The company has a market cap of $859.42 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 2.09 and a beta of 1.13. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $315.80. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business 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. JPMorgan Chase & Co.'s quarterly revenue was down 10.5% compared to the same quarter last year. As a group, analysts forecast 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 declared 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 positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Monday, October 6th. This represents a $6.00 annualized dividend and a yield of 1.9%. JPMorgan Chase & Co.'s payout ratio is currently 28.73%.

Insiders Place Their Bets

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 transaction of $2,830,430.00. Following the sale, the director directly owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on JPM shares. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an "overweight" rating in a report on Tuesday, September 16th. Robert W. Baird downgraded JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target for the company. in a report on Friday, June 27th. Zacks Research cut JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Truist Financial upped their price objective on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a research note on Wednesday, July 9th. Finally, Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $292.78.

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.