Lazari Capital Management Inc. boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 24.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 9,268 shares of the financial services provider’s stock after acquiring an additional 1,820 shares during the period. JPMorgan Chase & Co. comprises about 0.8% of Lazari Capital Management Inc.’s holdings, making the stock its 23rd biggest holding. Lazari Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $1,875,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in JPM. Retirement Group LLC raised its position in JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 109 shares during the period. Fairway Wealth LLC acquired a new position in JPMorgan Chase & Co. during the second quarter worth $32,000. Richardson Capital Management LLC acquired a new position in JPMorgan Chase & Co. during the first quarter worth $34,000. Anfield Capital Management LLC acquired a new position in JPMorgan Chase & Co. during the second quarter worth $34,000. Finally, Davidson Capital Management Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at about $37,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.
JPMorgan Chase & Co. Trading Down 1.8 %
Shares of JPM stock opened at $207.04 on Wednesday. The company has a 50-day moving average of $211.42 and a two-hundred day moving average of $202.85. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $225.48. The firm has a market cap of $594.55 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 2.39 and a beta of 1.12.
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 paid a $1.25 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.41%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.89%.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on JPM. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Keefe, Bruyette & Woods increased their target price 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 increased their target price 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. Finally, Jefferies Financial Group raised their price objective on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $211.31.
Get Our Latest Stock Analysis on JPMorgan Chase & Co.
JPMorgan Chase & Co. Company 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.
Featured Articles
- Five stocks we like better than JPMorgan Chase & Co.
- Investing in Commodities: What Are They? How to Invest in Them
- Chinese Stock Surge: Should You Invest After Stimulus Boost?
- Upcoming IPO Stock Lockup Period, Explained
- Why Lennar Stock Could Be the Best Play in the Housing Market
- 3 Monster Growth Stocks to Buy Now
- 2 Energy Stocks Fueling the AI Datacenter Boom
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.