Vigilare Wealth Management Raises Stake in JPMorgan Chase & Co. $JPM

Vigilare Wealth Management raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 131.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,551 shares of the financial services provider's stock after acquiring an additional 4,858 shares during the period. JPMorgan Chase & Co. makes up 0.9% of Vigilare Wealth Management's investment portfolio, making the stock its 23rd largest position. Vigilare Wealth Management's holdings in JPMorgan Chase & Co. were worth $2,479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. First Pacific Financial raised its holdings in shares of JPMorgan Chase & Co. by 530.2% in the 2nd quarter. First Pacific Financial now owns 21,104 shares of the financial services provider's stock valued at $6,118,000 after acquiring an additional 17,755 shares in the last quarter. Nabity Jensen Investment Management Inc raised its holdings in shares of JPMorgan Chase & Co. by 3.0% in the 2nd quarter. Nabity Jensen Investment Management Inc now owns 7,199 shares of the financial services provider's stock valued at $2,087,000 after acquiring an additional 208 shares in the last quarter. QTR Family Wealth LLC raised its holdings in shares of JPMorgan Chase & Co. by 18.4% in the 2nd quarter. QTR Family Wealth LLC now owns 6,234 shares of the financial services provider's stock valued at $1,807,000 after acquiring an additional 970 shares in the last quarter. Bartlett & CO. Wealth Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.6% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 767,328 shares of the financial services provider's stock valued at $222,456,000 after acquiring an additional 11,988 shares in the last quarter. Finally, Ninety One UK Ltd raised its holdings in shares of JPMorgan Chase & Co. by 12.8% in the 2nd quarter. Ninety One UK Ltd now owns 2,278,247 shares of the financial services provider's stock valued at $660,487,000 after acquiring an additional 258,967 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on JPM shares. Citigroup raised their price target on JPMorgan Chase & Co. from $275.00 to $325.00 and gave the company a "neutral" rating in a report on Wednesday, September 24th. Royal Bank Of Canada reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Thursday, September 11th. Piper Sandler reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 15th. Hsbc Global Res cut JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Finally, Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Fifteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $309.95.

Insider Transactions at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the firm's 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Price Performance

JPM opened at $307.61 on Wednesday. The stock's 50 day simple moving average is $301.10 and its 200 day simple moving average is $275.67. 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 1 year low of $202.16 and a 1 year high of $318.01. The firm has a market cap of $845.85 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 2.03 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $43.76 billion. During the same period last year, the company earned $6.12 EPS. JPMorgan Chase & Co.'s revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared 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. This represents a $6.00 annualized dividend and a 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 30.79%.

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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