Bank of Hawaii decreased its position in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,859 shares of the financial services provider’s stock after selling 224 shares during the quarter. JPMorgan Chase & Co. accounts for 0.5% of Bank of Hawaii’s portfolio, making the stock its 27th largest position. Bank of Hawaii’s holdings in JPMorgan Chase & Co. were worth $9,433,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. JSF Financial LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.6% in the second quarter. JSF Financial LLC now owns 10,680 shares of the financial services provider’s stock valued at $1,553,000 after purchasing an additional 65 shares during the period. Red Wave Investments LLC boosted its position in JPMorgan Chase & Co. by 1.4% in the second quarter. Red Wave Investments LLC now owns 4,719 shares of the financial services provider’s stock valued at $686,000 after buying an additional 65 shares during the last quarter. Riverview Capital Advisers LLC increased its holdings in JPMorgan Chase & Co. by 4.2% in the 2nd quarter. Riverview Capital Advisers LLC now owns 1,654 shares of the financial services provider’s stock worth $241,000 after buying an additional 66 shares during the period. Keystone Wealth Services LLC raised its position in JPMorgan Chase & Co. by 1.6% during the 2nd quarter. Keystone Wealth Services LLC now owns 4,129 shares of the financial services provider’s stock worth $601,000 after buying an additional 67 shares during the last quarter. Finally, Carmel Capital Partners LLC lifted its stake in JPMorgan Chase & Co. by 2.8% during the 2nd quarter. Carmel Capital Partners LLC now owns 2,434 shares of the financial services provider’s stock valued at $354,000 after acquiring an additional 67 shares during the period. Hedge funds and other institutional investors own 68.94% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on JPM shares. Oppenheimer raised their target price on shares of JPMorgan Chase & Co. from $233.00 to $243.00 and gave the stock an “outperform” rating in a report on Thursday. Atlantic Securities lifted their price objective on JPMorgan Chase & Co. from $150.00 to $160.00 and gave the company a “neutral” rating in a research note on Tuesday, August 1st. Odeon Capital Group lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a report on Thursday, November 2nd. Piper Sandler boosted their price target on JPMorgan Chase & Co. from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, October 16th. Finally, StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $168.80.
Insider Buying and Selling
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $144.86, for a total value of $624,346.60. Following the transaction, the general counsel now directly owns 53,425 shares in the company, valued at approximately $7,739,145.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.79% of the stock is owned by company insiders.
JPMorgan Chase & Co. Trading Up 0.9 %
JPM opened at $152.82 on Monday. The firm has a market capitalization of $441.80 billion, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12. The company’s 50 day simple moving average is $145.05 and its two-hundred day simple moving average is $145.20. JPMorgan Chase & Co. has a 1-year low of $123.11 and a 1-year high of $159.38. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.90 and a quick ratio of 0.90.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its quarterly earnings data on Friday, October 13th. The financial services provider reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $3.95 by $0.38. The firm had revenue of $40.69 billion for the quarter, compared to the consensus estimate of $39.63 billion. JPMorgan Chase & Co. had a return on equity of 17.97% and a net margin of 22.79%. The firm’s revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.12 earnings per share. Analysts expect that JPMorgan Chase & Co. will post 16.67 EPS for the current fiscal year.
JPMorgan Chase & Co. Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were issued a $1.05 dividend. The ex-dividend date was Thursday, October 5th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.75%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.07%.
About JPMorgan Chase & Co.
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
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