Quent Capital LLC Increases Position in JPMorgan Chase & Co. $JPM

Quent Capital LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,800 shares of the financial services provider’s stock after purchasing an additional 576 shares during the period. Quent Capital LLC’s holdings in JPMorgan Chase & Co. were worth $4,001,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Hennessy Advisors Inc. increased its stake in shares of JPMorgan Chase & Co. by 9.1% in the 2nd quarter. Hennessy Advisors Inc. now owns 6,000 shares of the financial services provider’s stock valued at $1,739,000 after purchasing an additional 500 shares in the last quarter. AIFG Consultants Ltd. increased its stake in shares of JPMorgan Chase & Co. by 33.0% in the 2nd quarter. AIFG Consultants Ltd. now owns 1,560 shares of the financial services provider’s stock valued at $452,000 after purchasing an additional 387 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of JPMorgan Chase & Co. by 7.4% in the 2nd quarter. QRG Capital Management Inc. now owns 561,209 shares of the financial services provider’s stock valued at $162,700,000 after purchasing an additional 38,718 shares in the last quarter. Wallington Asset Management LLC increased its stake in shares of JPMorgan Chase & Co. by 1.3% in the 2nd quarter. Wallington Asset Management LLC now owns 4,987 shares of the financial services provider’s stock valued at $1,446,000 after purchasing an additional 64 shares in the last quarter. Finally, Segment Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. by 1.1% in the 2nd quarter. Segment Wealth Management LLC now owns 19,323 shares of the financial services provider’s stock worth $5,602,000 after buying an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Zacks Research cut JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Hsbc Global Res cut JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock a “hold” rating in a report on Tuesday, September 30th. Truist Financial lifted their price objective on JPMorgan Chase & Co. from $290.00 to $319.00 and gave the stock a “hold” rating in a report on Tuesday, September 23rd. Finally, TD Cowen lifted their price objective on JPMorgan Chase & Co. from $350.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Fourteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $313.89.

JPMorgan Chase & Co. Stock Down 1.4%

JPM stock opened at $301.12 on Friday. The firm has a market cap of $828.00 billion, a PE ratio of 15.45, a PEG ratio of 1.97 and a beta of 1.13. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The firm’s 50 day moving average price is $301.61 and its 200-day moving average price is $276.60. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $318.01.

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

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, October 6th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s dividend payout ratio is presently 30.79%.

Insider Activity at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 sale, the director owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.47% of the company’s stock.

About JPMorgan Chase & Co.

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.