Leelyn Smith LLC Acquires 3,226 Shares of JPMorgan Chase & Co. $JPM

Leelyn Smith LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 14.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,120 shares of the financial services provider’s stock after purchasing an additional 3,226 shares during the quarter. JPMorgan Chase & Co. accounts for 1.0% of Leelyn Smith LLC’s investment portfolio, making the stock its 21st biggest position. Leelyn Smith LLC’s holdings in JPMorgan Chase & Co. were worth $8,641,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in JPM. Horizons Wealth Management bought a new position in shares of JPMorgan Chase & Co. during the third quarter valued at about $31,000. Aventus Investment Advisors Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $33,000. Timbuktu Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $50,000. Team Financial Group LLC bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $50,000. Finally, NI Acquisitions Company LLC purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at about $51,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $343.35 on Thursday. The company has a market cap of $911.80 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 1.35 and a beta of 1.03. The company has a 50-day moving average price of $341.06 and a 200-day moving average price of $324.40. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.31. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share for the quarter, missing analysts’ consensus estimates of $5.94 by ($0.19). The firm had revenue of $50.17 billion for the quarter, compared to analysts’ expectations of $51.23 billion. JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.07 earnings per share. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 23.95 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th were given a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.68%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Morgan Stanley raised their price target on JPMorgan Chase & Co. from $370.00 to $377.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 14th. Freedom Broker upgraded JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 15th. The Goldman Sachs Group reissued an “outperform” rating and set a $392.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 13th. Robert W. Baird raised their target price on shares of JPMorgan Chase & Co. from $305.00 to $312.00 and gave the stock a “neutral” rating in a report on Wednesday, October 14th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $370.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus price target of $368.33.

Recent JPMorgan Chase & Co. Headlines

Here are a few of the latest headlines about JPM:

• Positive Sentiment: JPMorgan is taking a lead role in Anthropic’s planned IPO, including domestic retail marketing and share allocations. The offering could be a major transaction, giving JPMorgan a chance to earn fees and showcase its investment-banking franchise; CEO Jamie Dimon’s participation also raises the bank’s profile. JPMorgan takes lead role in Anthropic IPO
• Neutral Sentiment: JPMorgan is lead arranger for a $2.85 billion financing package supporting CCC Intelligent Solutions’ buyout. The deal indicates continued lending activity, but the article provides no estimate of fees or likely effect on earnings. CCC Intelligent Solutions financing
• Negative Sentiment: A report says JPMorgan may sell about $2 billion of Qualtrics-related debt at roughly 85 cents on the dollar. If the bank holds the debt and sells at that discount, it could crystallize a loss; the article does not clarify the potential impact on JPMorgan’s results. JPMorgan may sell Qualtrics debt at a discount

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the completion of the sale, the insider owned 71,047 shares in the company, valued at approximately $25,066,092.07. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.41% of the company’s stock.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co. is a global financial services company serving consumers, businesses, institutional clients and governments. Its operations include consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. The company offers services such as deposit accounts, credit cards, mortgages, auto financing, lending, payment processing and investment advice. It also provides institutional clients with investment banking, markets, treasury and securities services, and commercial lending.