Hamilton Point Investment Advisors LLC Has $8.36 Million Stock Holdings in JPMorgan Chase & Co. $JPM

Hamilton Point Investment Advisors LLC lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,818 shares of the financial services provider’s stock after selling 1,132 shares during the period. JPMorgan Chase & Co. makes up 1.4% of Hamilton Point Investment Advisors LLC’s portfolio, making the stock its 21st biggest position. Hamilton Point Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $8,355,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in JPMorgan Chase & Co. in the first quarter worth about $28,000. University of Illinois Foundation bought a new stake in JPMorgan Chase & Co. during the first quarter worth about $30,000. Ryan Investment Management Inc. bought a new stake in JPMorgan Chase & Co. during the second quarter worth about $37,000. Christopher J. Hasenberg Inc grew its stake in JPMorgan Chase & Co. by 212.0% during the second quarter. Christopher J. Hasenberg Inc now owns 156 shares of the financial services provider’s stock worth $45,000 after buying an additional 106 shares during the last quarter. Finally, Goodman Advisory Group LLC bought a new stake in JPMorgan Chase & Co. during the first quarter worth about $76,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were 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 approximately $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on JPM. TD Cowen upped their price objective on shares of JPMorgan Chase & Co. from $350.00 to $370.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Robert W. Baird cut shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 price objective on the stock. in a research note on Friday, June 27th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $366.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 14th. Citigroup upped their price objective on shares of JPMorgan Chase & Co. from $275.00 to $325.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 24th. Finally, Truist Financial upped their price objective on shares of JPMorgan Chase & Co. from $290.00 to $319.00 and gave the stock a “hold” rating in a research note on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $322.27.

JPMorgan Chase & Co. Price Performance

JPM opened at $300.27 on Friday. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $318.01. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88. The company’s 50 day simple moving average is $303.43 and its 200-day simple moving average is $281.11. The stock has a market capitalization of $825.66 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 1.77 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.83 by $0.24. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The business had revenue of $46.43 billion for the quarter, compared to analysts’ expectations of $44.42 billion. During the same period in the prior year, the firm earned $4.37 earnings per share. JPMorgan Chase & Co.’s revenue was up 8.8% compared to the same quarter last year. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Monday, October 6th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. JPMorgan Chase & Co.’s payout ratio is 29.72%.

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.