Waypoint Capital Advisors LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,612 shares of the financial services provider’s stock after purchasing an additional 81 shares during the period. Waypoint Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $962,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cantor Fitzgerald Investment Advisor L.P boosted its position in JPMorgan Chase & Co. by 81.1% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after purchasing an additional 99,636 shares during the period. BCK Partners Inc. bought a new position in JPMorgan Chase & Co. during the first quarter worth about $2,455,000. LSV Asset Management boosted its position in JPMorgan Chase & Co. by 35.6% during the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after purchasing an additional 9,800 shares during the period. Wsfs Capital Management LLC boosted its position in JPMorgan Chase & Co. by 70.8% during the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after purchasing an additional 1,749 shares during the period. Finally, Lumature Wealth Partners LLC boosted its position in JPMorgan Chase & Co. by 1,451.4% during the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 3,527 shares during the period. Hedge funds and other institutional investors own 68.94% of the company’s stock.
Insider Buying and Selling
In related news, General Counsel Stacey Friedman sold 4,310 shares of JPMorgan Chase & Co. stock in a transaction dated 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 sale, the general counsel now directly owns 53,425 shares in the company, valued at approximately $7,739,145.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.79% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Stock Performance
Shares of JPMorgan Chase & Co. stock opened at $145.73 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $423.50 billion, a P/E ratio of 9.38, a P/E/G ratio of 1.87 and a beta of 1.11. The business has a fifty day simple moving average of $150.87 and a two-hundred day simple moving average of $141.81. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $159.38.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its quarterly earnings results on Friday, July 14th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.75. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. The firm had revenue of $42.40 billion during the quarter, compared to the consensus estimate of $38.66 billion. During the same period last year, the company earned $2.76 earnings per share. The company’s revenue was up 34.1% on a year-over-year basis. On average, equities analysts forecast that JPMorgan Chase & Co. will post 15.57 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 Tuesday, October 31st. Investors of record on Friday, October 6th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend 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 dividend payout ratio (DPR) 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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