EP Wealth Advisors LLC Boosts Stake in JPMorgan Chase & Co. $JPM

EP Wealth Advisors LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 7.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 754,053 shares of the financial services provider’s stock after purchasing an additional 49,448 shares during the period. JPMorgan Chase & Co. comprises about 1.4% of EP Wealth Advisors LLC’s portfolio, making the stock its 17th largest holding. EP Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $218,607,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of JPM. JFS Wealth Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. JFS Wealth Advisors LLC now owns 7,897 shares of the financial services provider’s stock worth $2,290,000 after buying an additional 35 shares during the period. Cottonwood Capital Advisors LLC grew its stake in JPMorgan Chase & Co. by 0.9% in the 2nd quarter. Cottonwood Capital Advisors LLC now owns 3,837 shares of the financial services provider’s stock valued at $1,112,000 after acquiring an additional 35 shares during the period. Coign Capital Advisors LLC increased its holdings in JPMorgan Chase & Co. by 1.2% in the 2nd quarter. Coign Capital Advisors LLC now owns 2,854 shares of the financial services provider’s stock worth $827,000 after acquiring an additional 35 shares in the last quarter. Rialto Wealth Management LLC raised its position in JPMorgan Chase & Co. by 3.9% during the second quarter. Rialto Wealth Management LLC now owns 929 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 35 shares during the period. Finally, Breed s Hill Capital LLC increased its stake in shares of JPMorgan Chase & Co. by 0.8% during the second quarter. Breed s Hill Capital LLC now owns 4,642 shares of the financial services provider’s stock worth $1,346,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Buying and Selling

In related news, insider Robin Leopold sold 966 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $311.92, for a total value of $301,314.72. Following the completion of the transaction, the insider directly owned 58,479 shares in the company, valued at approximately $18,240,769.68. This represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.4%

Shares of NYSE:JPM opened at $318.74 on Friday. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $322.25. The stock has a market cap of $867.69 billion, a P/E ratio of 15.79, a PEG ratio of 1.64 and a beta of 1.08. The business has a fifty day moving average of $306.77 and a two-hundred day moving average of $296.41. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.26.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $47.12 billion during the quarter, compared to analyst estimates of $44.42 billion. During the same quarter in the prior year, the firm posted $4.37 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 8.8% on a year-over-year basis. On average, research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Tuesday, January 6th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, January 6th. JPMorgan Chase & Co.’s payout ratio is presently 29.72%.

Analyst Ratings Changes

JPM has been the topic of several research analyst reports. Barclays lifted their price objective on JPMorgan Chase & Co. from $330.00 to $342.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Dbs Bank raised JPMorgan Chase & Co. to a “hold” rating in a research note on Tuesday, October 21st. Daiwa Capital Markets boosted their price target on JPMorgan Chase & Co. from $330.00 to $332.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Truist Financial raised their price objective on JPMorgan Chase & Co. from $290.00 to $319.00 and gave the company a “hold” rating in a report on Tuesday, September 23rd. Finally, UBS Group lifted their target price on shares of JPMorgan Chase & Co. from $339.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $325.48.

About JPMorgan Chase & Co.

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.