Rydar Equities Inc. Purchases Shares of 16,083 JPMorgan Chase & Co. $JPM

Rydar Equities Inc. acquired a new position in JPMorgan Chase & Co. (NYSE:JPM) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 16,083 shares of the financial services provider’s stock, valued at approximately $4,663,000. JPMorgan Chase & Co. makes up 3.7% of Rydar Equities Inc.’s holdings, making the stock its 4th largest holding.

Several other large investors have also bought and sold shares of JPM. Summit Financial Wealth Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 7.5% in the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 10,269 shares of the financial services provider’s stock valued at $2,977,000 after acquiring an additional 714 shares during the last quarter. Corient Private Wealth LLC lifted its stake in JPMorgan Chase & Co. by 1.2% during the second quarter. Corient Private Wealth LLC now owns 3,386,661 shares of the financial services provider’s stock valued at $981,828,000 after purchasing an additional 41,089 shares during the last quarter. Capital A Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. by 59.0% during the second quarter. Capital A Wealth Management LLC now owns 442 shares of the financial services provider’s stock worth $128,000 after buying an additional 164 shares in the last quarter. TradeWell Securities LLC. grew its position in JPMorgan Chase & Co. by 6.3% in the second quarter. TradeWell Securities LLC. now owns 12,299 shares of the financial services provider’s stock worth $3,566,000 after buying an additional 730 shares during the last quarter. Finally, Beacon Financial Strategies CORP increased its holdings in shares of JPMorgan Chase & Co. by 6.2% in the second quarter. Beacon Financial Strategies CORP now owns 909 shares of the financial services provider’s stock valued at $263,000 after buying an additional 53 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $320.14 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $322.88. The business has a fifty day simple moving average of $306.99 and a 200-day simple moving average of $297.25. The stock has a market cap of $871.50 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 1.65 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.83 by $0.24. The company had revenue of $47.12 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.37 EPS. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Tuesday, January 6th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.72%.

Insider Buying and Selling

In related news, insider Robin Leopold sold 966 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $311.92, for a total transaction of $301,314.72. Following the transaction, the insider owned 58,479 shares of the company’s stock, valued at approximately $18,240,769.68. This trade represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Daiwa Capital Markets raised their price objective on JPMorgan Chase & Co. from $330.00 to $332.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Piper Sandler boosted their target price on JPMorgan Chase & Co. from $332.00 to $336.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 10th. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $345.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, December 9th. Finally, Wall Street Zen upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Fifteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $327.05.

JPMorgan Chase & Co. Company 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.