Viewpoint Investment Partners Corp Buys 10,095 Shares of JPMorgan Chase & Co. $JPM

Viewpoint Investment Partners Corp lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 134.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,590 shares of the financial services provider's stock after purchasing an additional 10,095 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 2.8% of Viewpoint Investment Partners Corp's holdings, making the stock its 8th largest position. Viewpoint Investment Partners Corp's holdings in JPMorgan Chase & Co. were worth $5,100,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after acquiring an additional 4,841 shares in the last quarter. Parisi Gray Wealth Management lifted its holdings in shares of JPMorgan Chase & Co. by 9.2% in the first quarter. Parisi Gray Wealth Management now owns 28,435 shares of the financial services provider's stock valued at $6,975,000 after purchasing an additional 2,387 shares in the last quarter. Regatta Capital Group LLC lifted its holdings in shares of JPMorgan Chase & Co. by 0.5% in the first quarter. Regatta Capital Group LLC now owns 22,132 shares of the financial services provider's stock valued at $5,429,000 after purchasing an additional 111 shares in the last quarter. Wealthcare Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 22.9% in the first quarter. Wealthcare Capital Management LLC now owns 1,353 shares of the financial services provider's stock worth $332,000 after acquiring an additional 252 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of JPMorgan Chase & Co. by 5.8% in the first quarter. GAMMA Investing LLC now owns 96,029 shares of the financial services provider's stock worth $23,556,000 after acquiring an additional 5,296 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on JPM. Morgan Stanley increased their target price on shares of JPMorgan Chase & Co. from $298.00 to $336.00 and gave the stock an "equal weight" rating in a research report on Monday, September 29th. UBS Group increased their target price on shares of JPMorgan Chase & Co. from $339.00 to $350.00 and gave the company a "buy" rating in a research note on Tuesday. The Goldman Sachs Group increased their target price on shares of JPMorgan Chase & Co. from $336.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, October 3rd. Piper Sandler reiterated an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Finally, Zacks Research cut shares of JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Fifteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of "Hold" and a consensus price target of $309.95.

JPMorgan Chase & Co. Price Performance

JPM opened at $304.31 on Thursday. 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. has a 12 month low of $202.16 and a 12 month high of $318.01. The company has a fifty day simple moving average of $301.19 and a 200 day simple moving average of $275.87. The stock has a market cap of $836.78 billion, a P/E ratio of 15.61, a P/E/G ratio of 1.99 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same period in the prior year, the business earned $6.12 EPS. The company's revenue for the quarter was down 10.5% compared to the same quarter last year. On average, research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS 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. Stockholders of record on Monday, October 6th will be issued a dividend of $1.50 per share. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, October 6th. JPMorgan Chase & Co.'s payout ratio is 30.79%.

Insider Activity

In related news, Director Linda Bammann sold 9,500 shares of the 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 owned 82,207 shares in the company, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate 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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