JPMorgan Chase & Co. $JPM Shares Purchased by YHB Investment Advisors Inc.

Key Points

• YHB Investment Advisors Inc. increased its stake in JPMorgan Chase & Co. by 2.8% during the second quarter, bringing its total holdings to 49,664 shares valued at approximately $14.4 million.
• JPMorgan Chase recently declared a quarterly dividend of $1.50 per share, up from the previous $1.40, which results in an annualized yield of 1.9%.
• For the last earnings quarter, JPMorgan reported $4.96 EPS, exceeding analysts' estimates and showing a 10.5% year-over-year revenue decline.

YHB Investment Advisors Inc. raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 49,664 shares of the financial services provider's stock after purchasing an additional 1,350 shares during the period. JPMorgan Chase & Co. accounts for about 1.1% of YHB Investment Advisors Inc.'s investment portfolio, making the stock its 21st biggest holding. YHB Investment Advisors Inc.'s holdings in JPMorgan Chase & Co. were worth $14,398,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth approximately $28,000. University of Illinois Foundation acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth about $30,000. Curat Global LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $33,000. Christopher J. Hasenberg Inc raised its position in JPMorgan Chase & Co. by 212.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 156 shares of the financial services provider's stock worth $45,000 after buying an additional 106 shares during the last quarter. Finally, Capital A Wealth Management LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter valued at approximately $64,000. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Down 0.7%

Shares of JPM stock traded down $2.23 during trading hours on Monday, reaching $312.55. The company had a trading volume of 7,508,137 shares, compared to its average volume of 9,666,425. The business has a fifty day simple moving average of $296.43 and a 200-day simple moving average of $269.43. 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 12 month low of $202.16 and a 12 month high of $315.80. The company has a market cap of $859.42 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 2.09 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share 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 firm had revenue of $44.91 billion for the quarter, compared to analysts' expectations of $43.76 billion. During the same quarter in the prior year, the firm posted $6.12 earnings per share. The business's quarterly revenue was down 10.5% on a year-over-year basis. On average, research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, October 6th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 30.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on JPM shares. Phillip Securities lowered JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 16th. Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Royal Bank Of Canada reissued a "buy" rating on shares of JPMorgan Chase & Co. in a report on Thursday, September 11th. HSBC reissued a "reduce" rating and issued a $259.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Finally, Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $292.78.

Insider Activity

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the company's 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 transaction, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.47% of the stock is currently owned by insiders.

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.