Alpha DNA Investment Management LLC Sells 11,151 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Alpha DNA Investment Management LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 46.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,713 shares of the financial services provider’s stock after selling 11,151 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.0% of Alpha DNA Investment Management LLC’s investment portfolio, making the stock its 8th biggest position. Alpha DNA Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,571,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Wick Capital Partners LLC boosted its position in JPMorgan Chase & Co. by 6.4% in the 2nd quarter. Wick Capital Partners LLC now owns 1,661 shares of the financial services provider’s stock valued at $336,000 after buying an additional 100 shares during the period. Caxton Associates LP acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at $14,371,000. Trinity Legacy Partners LLC boosted its holdings in JPMorgan Chase & Co. by 5.1% in the second quarter. Trinity Legacy Partners LLC now owns 25,323 shares of the financial services provider’s stock valued at $5,122,000 after purchasing an additional 1,222 shares during the period. Wescott Financial Advisory Group LLC grew its stake in JPMorgan Chase & Co. by 3.8% during the 2nd quarter. Wescott Financial Advisory Group LLC now owns 2,554 shares of the financial services provider’s stock worth $517,000 after purchasing an additional 94 shares in the last quarter. Finally, Royal Capital Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 1.8% during the 2nd quarter. Royal Capital Wealth Management LLC now owns 20,867 shares of the financial services provider’s stock worth $4,220,000 after purchasing an additional 368 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $209.78 on Friday. The stock has a market cap of $596.86 billion, a P/E ratio of 11.70, a P/E/G ratio of 2.39 and a beta of 1.12. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $225.48. The stock has a 50 day moving average of $211.47 and a two-hundred day moving average of $202.20. 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 issued its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. The firm had revenue of $50.80 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the business earned $4.37 EPS. On average, research analysts forecast that JPMorgan Chase & Co. will post 16.72 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be issued a dividend of $1.25 per share. The ex-dividend date is Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.38%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.66%.

Analyst Ratings Changes

A number of brokerages have recently commented on JPM. Oppenheimer boosted their price objective on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. BMO Capital Markets increased their price objective on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Keefe, Bruyette & Woods lifted their price objective on shares of 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. Morgan Stanley lowered their target price on shares of JPMorgan Chase & Co. from $226.00 to $220.00 and set an “overweight” rating for the company in a research note on Thursday, September 12th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $235.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.