Dana Investment Advisors Inc. Purchases 13,615 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Dana Investment Advisors Inc. boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.3% in the second quarter, Holdings Channel reports. The firm owned 134,082 shares of the financial services provider’s stock after purchasing an additional 13,615 shares during the period. JPMorgan Chase & Co. accounts for 0.9% of Dana Investment Advisors Inc.’s investment portfolio, making the stock its 14th biggest holding. Dana Investment Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $27,119,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the second quarter worth about $214,000. KPP Advisory Services LLC grew its position in shares of JPMorgan Chase & Co. by 5.3% in the 2nd quarter. KPP Advisory Services LLC now owns 13,032 shares of the financial services provider’s stock valued at $2,636,000 after purchasing an additional 660 shares during the period. Delphi Management Inc. MA increased its stake in JPMorgan Chase & Co. by 0.9% during the 2nd quarter. Delphi Management Inc. MA now owns 8,985 shares of the financial services provider’s stock worth $1,818,000 after purchasing an additional 77 shares in the last quarter. Ariadne Wealth Management LP bought a new stake in JPMorgan Chase & Co. during the 2nd quarter worth approximately $736,000. Finally, Aldebaran Financial Inc. raised its holdings in JPMorgan Chase & Co. by 6.0% during the 2nd quarter. Aldebaran Financial Inc. now owns 10,678 shares of the financial services provider’s stock worth $2,160,000 after buying an additional 603 shares during the period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $210.79 on Tuesday. The stock has a market capitalization of $605.32 billion, a PE ratio of 11.76, a P/E/G ratio of 2.39 and a beta of 1.12. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $225.48. The firm has a fifty day simple moving average of $211.48 and a 200 day simple moving average of $202.73. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 20.32% and a return on equity of 17.26%. During the same quarter last year, the firm posted $4.37 EPS. On average, research analysts expect that JPMorgan Chase & Co. will post 16.72 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.37%. This is a boost 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 presently 27.89%.

Analyst Ratings Changes

JPM has been the subject of several research reports. Evercore ISI increased their price objective on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Oppenheimer upped their target price on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $235.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 9th. Finally, Piper Sandler lifted their target price on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $211.31.

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.