Blume Capital Management Inc. Grows Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Blume Capital Management Inc. increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,220 shares of the financial services provider’s stock after purchasing an additional 258 shares during the quarter. Blume Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $3,959,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in JPM. Nordwand Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the first quarter worth approximately $30,000. Sageworth Trust Co lifted its position in shares of JPMorgan Chase & Co. by 266.7% during the first quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 296 shares during the last quarter. Robbins Farley grew its stake in JPMorgan Chase & Co. by 54.2% in the first quarter. Robbins Farley now owns 475 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 167 shares in the last quarter. Miller Wealth Advisors LLC bought a new stake in JPMorgan Chase & Co. in the second quarter valued at about $67,000. Finally, Guardian Wealth Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the first quarter valued at approximately $70,000. 68.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $144.86, for a total value of $624,346.60. Following the sale, the general counsel now directly owns 53,425 shares in the company, valued at $7,739,145.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

JPM has been the subject of a number of research analyst reports. Piper Sandler boosted their price target on JPMorgan Chase & Co. from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, October 16th. Atlantic Securities boosted their target price on shares of JPMorgan Chase & Co. from $150.00 to $160.00 and gave the company a “neutral” rating in a research note on Tuesday, August 1st. Oppenheimer increased their target price on shares of JPMorgan Chase & Co. from $233.00 to $243.00 and gave the stock an “outperform” rating in a report on Thursday, November 16th. HSBC started coverage on shares of JPMorgan Chase & Co. in a report on Thursday, September 7th. They issued a “hold” rating and a $159.00 price target for the company. Finally, StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.80.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $153.29 on Tuesday. The company has a 50-day simple moving average of $145.23 and a 200 day simple moving average of $145.34. The company has a market capitalization of $443.16 billion, a P/E ratio of 9.15, a PEG ratio of 1.80 and a beta of 1.12. JPMorgan Chase & Co. has a fifty-two week low of $123.11 and a fifty-two week high of $159.38. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, October 13th. The financial services provider reported $4.33 EPS for the quarter, topping the consensus estimate of $3.95 by $0.38. The firm had revenue of $40.69 billion for the quarter, compared to analysts’ expectations of $39.63 billion. JPMorgan Chase & Co. had a return on equity of 17.97% and a net margin of 22.79%. The firm’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.12 earnings per share. Sell-side analysts predict that JPMorgan Chase & Co. will post 16.67 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were issued a $1.05 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. The ex-dividend date was Thursday, October 5th. This represents a $4.20 annualized dividend and a dividend yield of 2.74%. JPMorgan Chase & Co.’s dividend payout ratio is 25.07%.

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.