Wise Wealth Partners Has $700,000 Holdings in JPMorgan Chase & Co. $JPM

Key Points

• Wise Wealth Partners increased its holdings in JPMorgan Chase & Co. by 64.8% during the 2nd quarter, now owning 2,415 shares valued at $700,000.
• JPMorgan Chase recently reported $5.07 EPS for the quarter, exceeding analyst expectations, with revenue growing by 8.8% year-over-year to $46.43 billion.
• The firm announced a quarterly dividend increase from $1.40 to $1.50, translating to an annual yield of 2.0% and a current payout ratio of 30.79%.

Wise Wealth Partners lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 64.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,415 shares of the financial services provider's stock after purchasing an additional 950 shares during the quarter. JPMorgan Chase & Co. makes up about 1.2% of Wise Wealth Partners' investment portfolio, making the stock its 23rd largest position. Wise Wealth Partners' holdings in JPMorgan Chase & Co. were worth $700,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in JPMorgan Chase & Co. in the 1st quarter valued at $28,000. University of Illinois Foundation acquired a new stake in JPMorgan Chase & Co. in the 1st quarter valued at $30,000. Ryan Investment Management Inc. acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at $37,000. Christopher J. Hasenberg Inc boosted its stake in JPMorgan Chase & Co. by 212.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 156 shares of the financial services provider's stock valued at $45,000 after buying an additional 106 shares in the last quarter. Finally, Goodman Advisory Group LLC acquired a new stake in JPMorgan Chase & Co. in the 1st quarter valued at $76,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. 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 value of $2,830,430.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Trading Down 1.9%

NYSE JPM opened at $302.11 on Wednesday. The stock has a 50-day simple moving average of $302.11 and a 200 day simple moving average of $277.61. The company has a market capitalization of $830.72 billion, a PE ratio of 15.50, a P/E/G ratio of 1.99 and a beta of 1.13. The company has a current ratio of 0.88, a quick 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.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, beating analysts' consensus estimates of $4.83 by $0.24. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The business had revenue of $46.43 billion during the quarter, compared to the consensus estimate of $44.42 billion. During the same quarter in the prior year, the company posted $4.37 earnings per share. The firm's revenue was up 8.8% on a year-over-year basis. Research analysts forecast 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. Shareholders of record on Monday, October 6th will be paid a $1.50 dividend. The ex-dividend date of this dividend 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 dividend on an annualized basis and a yield of 2.0%. JPMorgan Chase & Co.'s payout ratio is presently 30.79%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on JPM shares. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $366.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday. Bank of America lifted their price objective on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Piper Sandler reiterated an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. Finally, Morgan Stanley lifted their price objective on JPMorgan Chase & Co. from $298.00 to $336.00 and gave the company an "equal weight" rating in a research report on Monday, September 29th. Fifteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $318.70.

About JPMorgan Chase & Co.

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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