JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by MSA Advisors LLC

MSA Advisors LLC lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,900 shares of the financial services provider’s stock after selling 200 shares during the period. JPMorgan Chase & Co. makes up about 2.0% of MSA Advisors LLC’s investment portfolio, making the stock its 12th biggest position. MSA Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $6,857,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Wulff Hansen & CO. increased its holdings in JPMorgan Chase & Co. by 19,920.7% during the 2nd quarter. Wulff Hansen & CO. now owns 2,801,503 shares of the financial services provider’s stock valued at $566,632,000 after acquiring an additional 2,787,510 shares in the last quarter. Citizens Financial Group Inc. RI grew its position in shares of JPMorgan Chase & Co. by 67.4% in the second quarter. Citizens Financial Group Inc. RI now owns 300,858 shares of the financial services provider’s stock valued at $60,851,000 after purchasing an additional 121,186 shares during the last quarter. One Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 1.5% during the 2nd quarter. One Capital Management LLC now owns 67,773 shares of the financial services provider’s stock worth $13,708,000 after purchasing an additional 969 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of JPMorgan Chase & Co. by 4.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 22,696,963 shares of the financial services provider’s stock worth $4,590,412,000 after purchasing an additional 1,040,594 shares during the last quarter. Finally, Black Diamond Financial LLC lifted its stake in JPMorgan Chase & Co. by 9.6% in the 2nd quarter. Black Diamond Financial LLC now owns 6,221 shares of the financial services provider’s stock valued at $1,258,000 after buying an additional 543 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $210.98 on Friday. The company has a market cap of $605.86 billion, a P/E ratio of 11.77, a PEG ratio of 2.33 and a beta of 1.12. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $225.48. The business’s 50-day simple moving average is $211.61 and its 200 day simple moving average is $201.64. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The company had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. During the same period in the prior year, the company posted $4.37 EPS. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.37%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.66%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Citigroup increased their price objective on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Piper Sandler upped their price objective on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Wolfe Research downgraded JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Finally, Oppenheimer increased their price target on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $211.06.

JPMorgan Chase & Co. 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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.