Winthrop Advisory Group LLC Has $5.37 Million Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Winthrop Advisory Group LLC increased its stake in JPMorgan Chase & Co. by 5.2% during Q2, owning 18,507 shares valued at approximately $5.37 million.
• JPMorgan Chase reported Q3 earnings of $5.07 per share, beating estimates and generating $46.43 billion in revenue, which reflects an 8.8% increase year-over-year.
• The company announced a quarterly dividend increase to $1.50 per share, representing a 7.1% rise from the previous dividend, with an annual yield of 2.0%.

Winthrop Advisory Group LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 18,507 shares of the financial services provider's stock after acquiring an additional 909 shares during the period. JPMorgan Chase & Co. makes up about 0.5% of Winthrop Advisory Group LLC's holdings, making the stock its 29th largest position. Winthrop Advisory Group LLC's holdings in JPMorgan Chase & Co. were worth $5,365,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Citizens National Bank Trust Department grew its stake in JPMorgan Chase & Co. by 3.7% in the second quarter. Citizens National Bank Trust Department now owns 40,731 shares of the financial services provider's stock valued at $11,808,000 after acquiring an additional 1,450 shares during the period. Pure Portfolios Holdings LLC lifted its holdings in shares of JPMorgan Chase & Co. by 16.6% in the second quarter. Pure Portfolios Holdings LLC now owns 1,470 shares of the financial services provider's stock valued at $426,000 after purchasing an additional 209 shares in the last quarter. Abel Hall LLC lifted its holdings in shares of JPMorgan Chase & Co. by 39.9% in the second quarter. Abel Hall LLC now owns 5,435 shares of the financial services provider's stock valued at $1,576,000 after purchasing an additional 1,551 shares in the last quarter. Triasima Portfolio Management inc. lifted its holdings in shares of JPMorgan Chase & Co. by 16.3% in the second quarter. Triasima Portfolio Management inc. now owns 27,154 shares of the financial services provider's stock valued at $7,872,000 after purchasing an additional 3,796 shares in the last quarter. Finally, Proffitt & Goodson Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 1.6% in the second quarter. Proffitt & Goodson Inc. now owns 7,911 shares of the financial services provider's stock valued at $2,293,000 after purchasing an additional 124 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Buying and Selling

In related news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction dated 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 directly owned 82,207 shares in the company, valued at $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $305.94 on Thursday. The stock has a market cap of $841.24 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 1.94 and a beta of 1.13. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $318.01. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.86. The stock has a fifty day moving average of $302.40 and a 200-day moving average of $277.80.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.83 by $0.24. The company had revenue of $46.43 billion during the quarter, compared to analysts' expectations of $44.42 billion. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The firm's quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $4.37 earnings per share. Equities 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 is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a yield of 2.0%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 30.79%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on JPM. HSBC restated a "reduce" rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Barclays raised their target price on JPMorgan Chase & Co. from $330.00 to $342.00 and gave the company an "overweight" rating in a report on Wednesday. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Phillip Securities lowered JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $330.00 to $354.00 and gave the stock an "outperform" rating in a report on Friday, October 10th. Fifteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $319.40.

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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