Advisory Alpha LLC Buys 1,112 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Advisory Alpha LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 11.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,152 shares of the financial services provider’s stock after acquiring an additional 1,112 shares during the quarter. Advisory Alpha LLC’s holdings in JPMorgan Chase & Co. were worth $2,256,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp lifted its position in JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Truist Financial Corp now owns 2,877,893 shares of the financial services provider’s stock worth $582,083,000 after buying an additional 11,242 shares in the last quarter. HWG Holdings LP bought a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $3,804,000. EP Wealth Advisors LLC lifted its position in JPMorgan Chase & Co. by 1.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 649,478 shares of the financial services provider’s stock worth $131,363,000 after buying an additional 8,621 shares in the last quarter. Kimelman & Baird LLC bought a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $52,307,000. Finally, Ecofi Investissements SA bought a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $913,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $210.79 on Tuesday. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $225.48. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. The company has a fifty day moving average price of $211.48 and a 200-day moving average price of $202.73. The company has a market capitalization of $605.32 billion, a P/E ratio of 11.76, a PEG ratio of 2.39 and a beta of 1.12.

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, topping the consensus estimate 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 earnings per share. As a group, equities analysts expect that JPMorgan Chase & Co. will post 16.72 EPS 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. Shareholders of record on Friday, October 4th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.37%. 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 dividend payout ratio (DPR) is presently 27.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $235.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Wells Fargo & Company increased their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Finally, Wolfe Research lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock 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.