JPMorgan Chase & Co. $JPM Shares Bought by Sarasin & Partners LLP

Sarasin & Partners LLP lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,125,184 shares of the financial services provider’s stock after purchasing an additional 50,697 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 3.2% of Sarasin & Partners LLP’s investment portfolio, making the stock its 9th biggest holding. Sarasin & Partners LLP’s holdings in JPMorgan Chase & Co. were worth $326,202,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Fjell Capital LLC lifted its position in JPMorgan Chase & Co. by 1.2% during the 2nd quarter. Fjell Capital LLC now owns 6,003 shares of the financial services provider’s stock worth $1,740,000 after acquiring an additional 70 shares during the period. Lineweaver Wealth Advisors LLC grew its position in JPMorgan Chase & Co. by 5.9% during the 2nd quarter. Lineweaver Wealth Advisors LLC now owns 26,688 shares of the financial services provider’s stock worth $7,737,000 after purchasing an additional 1,497 shares during the period. Bruce G. Allen Investments LLC boosted its stake in shares of JPMorgan Chase & Co. by 2.4% in the second quarter. Bruce G. Allen Investments LLC now owns 2,438 shares of the financial services provider’s stock worth $707,000 after buying an additional 56 shares during the last quarter. Channel Wealth LLC raised its position in JPMorgan Chase & Co. by 1.9% during the second quarter. Channel Wealth LLC now owns 11,309 shares of the financial services provider’s stock valued at $3,278,000 after acquiring an additional 215 shares in the last quarter. Finally, Stokes Capital Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 2.7% in the second quarter. Stokes Capital Advisors LLC now owns 47,312 shares of the financial services provider’s stock valued at $13,716,000 after acquiring an additional 1,223 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on JPM. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Friday, June 27th. Zacks Research cut JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Citigroup set a $275.00 target price on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Monday, July 7th. Piper Sandler reaffirmed an “overweight” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Finally, Truist Financial upped their target price on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a “hold” rating in a report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $292.78.

JPMorgan Chase & Co. Trading Up 0.5%

NYSE:JPM opened at $313.27 on Friday. The company has a market capitalization of $861.41 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 2.07 and a beta of 1.13. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $313.44. The stock has a fifty day simple moving average of $295.88 and a 200-day simple moving average of $268.71. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The business had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. During the same period in the prior year, the business earned $6.12 earnings per share. The business’s revenue was down 10.5% on a year-over-year basis. On average, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date is Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 28.73%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the transaction, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Company 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.