Jupiter Asset Management Ltd. Increases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Jupiter Asset Management Ltd. increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 233.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 286,404 shares of the financial services provider’s stock after buying an additional 200,519 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in JPMorgan Chase & Co. were worth $41,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nordwand Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth about $30,000. Sageworth Trust Co lifted its position in JPMorgan Chase & Co. by 266.7% during the 1st quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 296 shares during the period. Robbins Farley lifted its position in JPMorgan Chase & Co. by 54.2% during the 1st quarter. Robbins Farley now owns 475 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 167 shares during the period. Miller Wealth Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $67,000. Finally, Guardian Wealth Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth about $70,000. 68.94% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $152.82 on Monday. JPMorgan Chase & Co. has a twelve month low of $123.11 and a twelve month high of $159.38. The stock has a 50-day moving average of $145.05 and a 200 day moving average of $145.20. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $441.80 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 1.80 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 13th. The financial services provider reported $4.33 EPS for the quarter, topping the consensus estimate of $3.95 by $0.38. JPMorgan Chase & Co. had a return on equity of 17.97% and a net margin of 22.79%. The company had revenue of $40.69 billion during the quarter, compared to analyst estimates of $39.63 billion. During the same period in the previous year, the business earned $3.12 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 24.4% on a year-over-year basis. Sell-side analysts anticipate 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. Shareholders of record on Friday, October 6th were paid a dividend of $1.05 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend was Thursday, October 5th. JPMorgan Chase & Co.’s payout ratio is 25.07%.

Analyst Upgrades and Downgrades

A number of analysts have commented on JPM shares. Atlantic Securities lifted their price target on JPMorgan Chase & Co. from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 1st. Jefferies Financial Group lowered their price target on JPMorgan Chase & Co. from $176.00 to $169.00 in a research report on Tuesday, October 10th. StockNews.com assumed coverage on JPMorgan Chase & Co. in a research report on Thursday, October 5th. They set a “hold” rating for the company. Evercore ISI boosted their price objective on JPMorgan Chase & Co. from $158.00 to $167.00 in a report on Thursday, October 5th. Finally, Morgan Stanley boosted their price objective on JPMorgan Chase & Co. from $187.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, October 16th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.80.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total transaction of $624,346.60. Following the completion of the sale, 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 SEC, which is available through this link. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Company Profile

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.