GSG Advisors LLC Has $1.22 Million Position in JPMorgan Chase & Co. $JPM

GSG Advisors LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,218 shares of the financial services provider’s stock after buying an additional 185 shares during the quarter. GSG Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,223,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Mirador Capital Partners LP grew its position in shares of JPMorgan Chase & Co. by 1.1% during the 2nd quarter. Mirador Capital Partners LP now owns 58,171 shares of the financial services provider’s stock worth $16,864,000 after buying an additional 628 shares during the period. Baron Wealth Management LLC grew its position in shares of JPMorgan Chase & Co. by 22.7% during the 2nd quarter. Baron Wealth Management LLC now owns 6,154 shares of the financial services provider’s stock worth $1,784,000 after buying an additional 1,139 shares during the period. Goelzer Investment Management Inc. grew its position in shares of JPMorgan Chase & Co. by 27.1% during the 2nd quarter. Goelzer Investment Management Inc. now owns 65,626 shares of the financial services provider’s stock worth $19,026,000 after buying an additional 13,981 shares during the period. David J Yvars Group acquired a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $223,000. Finally, Westbourne Investments Inc. grew its position in shares of JPMorgan Chase & Co. by 29.3% during the 2nd quarter. Westbourne Investments Inc. now owns 1,235 shares of the financial services provider’s stock worth $358,000 after buying an additional 280 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 0.7%

JPM stock opened at $311.42 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $856.33 billion, a PE ratio of 15.98, a PEG ratio of 2.05 and a beta of 1.13. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $312.91. The business’s 50 day simple moving average is $295.38 and its 200 day simple moving average is $268.34.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping analysts’ consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm’s revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.12 EPS. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Monday, October 6th. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s payout ratio is currently 28.73%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the transaction, the director directly owned 82,207 shares of the company’s stock, valued at $24,492,753.58. This represents a 10.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on JPM. Truist Financial lifted their price objective on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a “hold” rating in a report on Wednesday, July 9th. Hsbc Global Res cut JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 8th. Evercore ISI set a $298.00 price objective on JPMorgan Chase & Co. and gave the company an “outperform” rating in a report on Monday, July 7th. Keefe, Bruyette & Woods lifted their price objective on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, July 16th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $292.78.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.