JPMorgan Chase & Co. $JPM Shares Purchased by Cascade Investment Group Inc.

Cascade Investment Group Inc. raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 5.4% during the 2nd quarter, Holdings Channel reports. The firm owned 5,787 shares of the financial services provider’s stock after acquiring an additional 294 shares during the quarter. JPMorgan Chase & Co. comprises about 1.2% of Cascade Investment Group Inc.’s holdings, making the stock its 21st biggest position. Cascade Investment Group Inc.’s holdings in JPMorgan Chase & Co. were worth $1,678,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Shikiar Asset Management Inc. grew its holdings in JPMorgan Chase & Co. by 20.9% in the second quarter. Shikiar Asset Management Inc. now owns 2,891 shares of the financial services provider’s stock valued at $838,000 after purchasing an additional 500 shares during the last quarter. Cyndeo Wealth Partners LLC grew its holdings in JPMorgan Chase & Co. by 14.5% in the second quarter. Cyndeo Wealth Partners LLC now owns 98,006 shares of the financial services provider’s stock valued at $28,413,000 after purchasing an additional 12,381 shares during the last quarter. M1 Capital Management LLC grew its holdings in JPMorgan Chase & Co. by 2.2% in the second quarter. M1 Capital Management LLC now owns 2,233 shares of the financial services provider’s stock valued at $647,000 after purchasing an additional 49 shares during the last quarter. Cardano Risk Management B.V. grew its holdings in JPMorgan Chase & Co. by 5.3% in the second quarter. Cardano Risk Management B.V. now owns 856,259 shares of the financial services provider’s stock valued at $248,238,000 after purchasing an additional 43,396 shares during the last quarter. Finally, Total Wealth Planning & Management Inc. grew its holdings in JPMorgan Chase & Co. by 2.2% in the second quarter. Total Wealth Planning & Management Inc. now owns 7,126 shares of the financial services provider’s stock valued at $2,066,000 after purchasing an additional 155 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insiders Place Their Bets

In related news, Director Linda Bammann sold 9,500 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was 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 in the company, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on JPM. Morgan Stanley upped their target price on JPMorgan Chase & Co. from $336.00 to $338.00 and gave the company an “equal weight” rating in a report on Wednesday, October 15th. Evercore ISI upped their target price on JPMorgan Chase & Co. from $309.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Phillip Securities lowered JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 16th. Weiss Ratings reissued a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, October 8th. Finally, Barclays increased their price objective on JPMorgan Chase & Co. from $330.00 to $342.00 and gave the company an “overweight” rating in a research note on Wednesday. Fifteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $322.86.

JPMorgan Chase & Co. Stock Down 0.2%

JPM opened at $297.81 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. The firm has a market cap of $818.91 billion, a P/E ratio of 14.75, a PEG ratio of 1.80 and a beta of 1.13. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $318.01. The business’s fifty day simple moving average is $302.82 and its 200 day simple moving average is $279.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.83 by $0.24. The business had revenue of $46.43 billion for the quarter, compared to analyst estimates of $44.42 billion. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $4.37 earnings per share. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm 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 annualized dividend and a yield of 2.0%. 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 currently 29.72%.

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.