Green Square Capital Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,610 shares of the financial services provider’s stock after acquiring an additional 1,150 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.6% of Green Square Capital Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. Green Square Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $5,034,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in JPM. Moneta Group Investment Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 105,652.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after acquiring an additional 97,907,897 shares in the last quarter. Norges Bank acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $3,894,646,000. Price T Rowe Associates Inc. MD increased its position in JPMorgan Chase & Co. by 71.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,484,094 shares of the financial services provider’s stock worth $4,087,917,000 after buying an additional 12,654,947 shares during the period. Morgan Stanley increased its position in JPMorgan Chase & Co. by 15.9% during the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after buying an additional 8,088,433 shares during the period. Finally, Providence Capital Advisors LLC increased its position in JPMorgan Chase & Co. by 13,205.6% during the first quarter. Providence Capital Advisors LLC now owns 5,395,818 shares of the financial services provider’s stock worth $41,407,000 after buying an additional 5,355,265 shares during the period. Institutional investors and hedge funds own 68.94% of the company’s stock.
Insider Transactions at JPMorgan Chase & Co.
In other news, General Counsel Stacey Friedman sold 4,310 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total value of $624,346.60. Following the completion of the transaction, the general counsel now directly owns 53,425 shares of the company’s stock, valued at $7,739,145.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.79% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Stock Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Stock Down 1.0 %
JPM opened at $145.73 on Friday. The business’s fifty day moving average is $150.87 and its two-hundred day moving average is $141.78. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $423.50 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 1.89 and a beta of 1.11. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $159.38.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its earnings results on Friday, July 14th. The financial services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.75. The company had revenue of $42.40 billion for the quarter, compared to the consensus estimate of $38.66 billion. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. JPMorgan Chase & Co.’s quarterly revenue was up 34.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.76 earnings per share. Analysts anticipate that JPMorgan Chase & Co. will post 15.57 EPS for the current fiscal year.
JPMorgan Chase & Co. Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 2.88%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. The ex-dividend date is Thursday, October 5th. JPMorgan Chase & Co.’s payout ratio is presently 25.74%.
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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
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