MBB Public Markets I LLC buys 175,698 shares of JPMorgan Chase & Co. (NYSE:JPM)

MBB Public Markets I LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 206.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 260,764 shares of the financial services provider’s stock after purchasing an additional 175,698 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.1% of MBB Public Markets I LLC’s holdings, making the stock its 15th biggest holding. MBB Public Markets I LLC’s holdings in JPMorgan Chase & Co. were worth $52,742,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. increased its holdings in shares of JPMorgan Chase & Co. by 1.5% during the fourth quarter. Gilbert & Cook Inc. now owns 11,360 shares of the financial services provider’s stock valued at $1,932,000 after buying an additional 164 shares in the last quarter. Aveo Capital Partners LLC grew its stake in JPMorgan Chase & Co. by 13.0% during the 4th quarter. Aveo Capital Partners LLC now owns 5,151 shares of the financial services provider’s stock valued at $876,000 after buying an additional 591 shares in the last quarter. Gryphon Financial Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 66.9% in the fourth quarter. Gryphon Financial Partners LLC now owns 25,004 shares of the financial services provider’s stock worth $4,238,000 after purchasing an additional 10,025 shares during the last quarter. Relative Value Partners Group LLC raised its stake in JPMorgan Chase & Co. by 3.2% in the fourth quarter. Relative Value Partners Group LLC now owns 10,385 shares of the financial services provider’s stock worth $1,766,000 after purchasing an additional 324 shares during the last quarter. Finally, BlueSky Wealth Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 3.2% during the fourth quarter. BlueSky Wealth Advisors LLC now owns 3,756 shares of the financial services provider’s stock worth $639,000 after buying an additional 117 shares during the last quarter. Institutional investors own 71.55% of the company’s shares.

The price performance of JPMorgan Chase & Co

Shares of NYSE:JPM opened at $210.40 on Friday. The company has a market cap of $598.62 billion, a P/E ratio of 11.73, a P/E/G ratio of 2.39 and a beta of 1.12. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $225.48. The company’s 50-day simple moving average is $211.47, and its two-hundred-day simple moving average is $202.41. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91, and a quick ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM – Get Your Free Report ) last released its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The company had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. In the same quarter last year, the firm posted EPS of $4.37. Research analysts expect JPMorgan Chase & Co. to post 16.72 EPS for the current fiscal year.

JPMorgan Chase & Co. increase dividends

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, October 4. This represents an annualized dividend of $5.00 and a dividend yield of 2.38%. That’s a boost from JPMorgan Chase & Co.’s previous quarterly dividend. of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR). it is currently 25.66%.

Analysts on Wall Street are forecasting an increase

Several research firms have recently commented on JPM. BMO Capital Markets raised their price objective on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Oppenheimer raised its price target on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Tuesday, July 9th. Wolfe Research downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to an “equal perform” rating in a research report on Monday, July 8th. Finally, Jefferies Financial Group boosted their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average target price of $211.06.

Check out our latest analysis of JPMorgan Chase & Co.

JPMorgan Chase & Co. Profile

(Free Report)

JPMorgan Chase & Co. operates as a global financial services company. 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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leasing and travel services for consumers and small businesses through bank branches, ATMs and digital and phone banking.

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