Venture Visionary Partners LLC Grows Position in JPMorgan Chase & Co. $JPM

Key Points

• Venture Visionary Partners LLC boosted its stake in JPMorgan Chase & Co. by 2.9% during the second quarter, holding 238,863 shares valued at approximately $69.25 million, making it their 6th largest holding.
• JPMorgan Chase & Co. reported $4.96 EPS for the latest quarter, exceeding expectations, but with revenues down 10.5% year over year.
• The firm announced a quarterly dividend increase to $1.50 per share, up from $1.40, reflecting a 1.9% yield and highlighting a healthy dividend payout ratio of 28.73%.

Venture Visionary Partners LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 238,863 shares of the financial services provider's stock after acquiring an additional 6,791 shares during the quarter. JPMorgan Chase & Co. comprises about 2.6% of Venture Visionary Partners LLC's investment portfolio, making the stock its 6th largest holding. Venture Visionary Partners LLC's holdings in JPMorgan Chase & Co. were worth $69,249,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of JPM. Kingstone Capital Partners Texas LLC increased its position in 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 worth $21,133,630,000 after acquiring an additional 72,885,260 shares during the period. Nuveen LLC bought a new position in JPMorgan Chase & Co. in the 1st quarter valued at about $3,972,807,000. National Bank of Canada FI increased its holdings in JPMorgan Chase & Co. by 44.4% in the 1st quarter. National Bank of Canada FI now owns 4,518,740 shares of the financial services provider's stock valued at $1,108,415,000 after buying an additional 1,388,992 shares during the period. Strs Ohio bought a new position in JPMorgan Chase & Co. in the 1st quarter valued at about $279,389,000. Finally, Alecta Tjanstepension Omsesidigt bought a new position in JPMorgan Chase & Co. in the 1st quarter valued at about $278,493,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Up 0.8%

NYSE:JPM opened at $309.89 on Friday. The firm's 50 day simple moving average is $300.67 and its 200 day simple moving average is $274.72. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $318.01. The company has a market cap of $852.11 billion, a PE ratio of 15.90, a P/E/G ratio of 2.04 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. During the same period last year, the company earned $6.12 EPS. The firm's revenue was down 10.5% compared to the same quarter last year. On average, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share 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 represents a $6.00 annualized dividend and a yield of 1.9%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. JPMorgan Chase & Co.'s dividend payout ratio is 28.73%.

Insider Buying and Selling

In related news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, September 2nd. The shares were 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 in the company, valued at $24,492,753.58. This trade represents a 10.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. HSBC reissued a "reduce" rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an "overweight" rating in a report on Tuesday, September 16th. Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Hsbc Global Res lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Finally, Royal Bank Of Canada restated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Thursday, September 11th. Fifteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $307.70.

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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