Kathmere Capital Management LLC Buys 947 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Kathmere Capital Management LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 19.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,900 shares of the financial services provider’s stock after purchasing an additional 947 shares during the period. Kathmere Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,193,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Texas Capital Bank Wealth Management Services Inc raised its stake in JPMorgan Chase & Co. by 7.3% in the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 48,821 shares of the financial services provider’s stock worth $9,874,000 after buying an additional 3,325 shares in the last quarter. Core Wealth Advisors Inc. grew its holdings in shares of JPMorgan Chase & Co. by 6.2% during the 2nd quarter. Core Wealth Advisors Inc. now owns 1,847 shares of the financial services provider’s stock worth $374,000 after acquiring an additional 108 shares during the period. Oliver Lagore Vanvalin Investment Group raised its position in shares of JPMorgan Chase & Co. by 269.8% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 5,078 shares of the financial services provider’s stock worth $1,027,000 after acquiring an additional 3,705 shares in the last quarter. Ninepoint Partners LP purchased a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $101,000. Finally, Susquehanna Fundamental Investments LLC lifted its stake in shares of JPMorgan Chase & Co. by 71.4% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 303,656 shares of the financial services provider’s stock valued at $61,417,000 after purchasing an additional 126,500 shares during the period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.3 %

JPMorgan Chase & Co. stock opened at $210.40 on Friday. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $225.48. The stock has a fifty day simple moving average of $211.47 and a two-hundred day simple moving average of $202.41. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The firm has a market cap of $598.62 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 2.39 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping the consensus estimate of $4.19 by $1.93. The company had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period last year, the company earned $4.37 EPS. Equities analysts predict that JPMorgan Chase & Co. will post 16.72 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.38%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Friday, October 4th. JPMorgan Chase & Co.’s payout ratio is presently 25.66%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Evercore ISI increased their price objective on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Piper Sandler upped their target price on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Tuesday, July 9th. BMO Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Finally, Barclays raised their target price on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $211.06.

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; 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.