DLK Investment Management LLC Buys 619 Shares of JPMorgan Chase & Co. $JPM

DLK Investment Management LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,234 shares of the financial services provider’s stock after buying an additional 619 shares during the period. JPMorgan Chase & Co. comprises approximately 3.4% of DLK Investment Management LLC’s holdings, making the stock its 6th largest holding. DLK Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $9,055,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of JPM. Pines Wealth Management LLC boosted its stake in JPMorgan Chase & Co. by 2.3% in the 2nd quarter. Pines Wealth Management LLC now owns 20,525 shares of the financial services provider’s stock valued at $6,076,000 after buying an additional 454 shares in the last quarter. Sunpointe LLC raised its stake in JPMorgan Chase & Co. by 81.1% during the second quarter. Sunpointe LLC now owns 12,116 shares of the financial services provider’s stock worth $3,513,000 after acquiring an additional 5,427 shares in the last quarter. Towerpoint Wealth LLC lifted its holdings in shares of JPMorgan Chase & Co. by 4.1% during the second quarter. Towerpoint Wealth LLC now owns 1,435 shares of the financial services provider’s stock valued at $416,000 after acquiring an additional 56 shares during the period. Pallas Capital Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.3% in the 2nd quarter. Pallas Capital Advisors LLC now owns 96,629 shares of the financial services provider’s stock valued at $28,014,000 after purchasing an additional 333 shares in the last quarter. Finally, GSG Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 4.6% in the 2nd quarter. GSG Advisors LLC now owns 4,218 shares of the financial services provider’s stock worth $1,223,000 after purchasing an additional 185 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on JPM shares. Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 8th. Keefe, Bruyette & Woods raised their price objective on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, July 16th. Truist Financial lifted their target price on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a “hold” rating in a research note on Wednesday, July 9th. Royal Bank Of Canada restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, September 11th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $292.78.

JPMorgan Chase & Co. Trading Up 0.5%

NYSE:JPM opened at $313.27 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $313.44. The firm has a market capitalization of $861.41 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 2.07 and a beta of 1.13. The business’s 50-day moving average price is $295.88 and its two-hundred day moving average price is $268.71.

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

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.9%. This is a boost 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%.

Insiders Place Their Bets

In other news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the transaction, the director directly owned 82,207 shares of the company’s stock, valued at $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.