Curran Financial Partners LLC Raises Stock Holdings in JPMorgan Chase & Co. $JPM

Curran Financial Partners LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 19.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,295 shares of the financial services provider’s stock after buying an additional 211 shares during the quarter. Curran Financial Partners LLC’s holdings in JPMorgan Chase & Co. were worth $375,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Stock Yards Bank & Trust Co. raised its stake in shares of JPMorgan Chase & Co. by 1.5% during the second quarter. Stock Yards Bank & Trust Co. now owns 361,583 shares of the financial services provider’s stock worth $104,826,000 after purchasing an additional 5,264 shares during the last quarter. Ascent Group LLC raised its stake in shares of JPMorgan Chase & Co. by 8.5% during the second quarter. Ascent Group LLC now owns 80,771 shares of the financial services provider’s stock worth $23,416,000 after purchasing an additional 6,346 shares during the last quarter. Consilium Wealth Advisory LLC raised its stake in shares of JPMorgan Chase & Co. by 0.4% during the second quarter. Consilium Wealth Advisory LLC now owns 10,960 shares of the financial services provider’s stock worth $3,177,000 after purchasing an additional 40 shares during the last quarter. New Century Financial Group LLC raised its stake in shares of JPMorgan Chase & Co. by 16.7% during the second quarter. New Century Financial Group LLC now owns 1,796 shares of the financial services provider’s stock worth $521,000 after purchasing an additional 257 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of JPMorgan Chase & Co. by 11.2% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 68,405 shares of the financial services provider’s stock worth $19,831,000 after purchasing an additional 6,876 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $301.12 on Friday. The stock’s 50-day moving average is $301.61 and its 200-day moving average is $276.60. The company has a market cap of $828.00 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 1.97 and a beta of 1.13. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM) last announced its 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. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The business had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. During the same period last year, the business posted $6.12 EPS. The company’s revenue was down 10.5% on a year-over-year basis. Equities analysts anticipate 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. Stockholders of record on Monday, October 6th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s payout ratio is 30.79%.

Analyst Upgrades and Downgrades

JPM has been the subject of several research analyst reports. Keefe, Bruyette & Woods increased their price objective on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 16th. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Friday, June 27th. Phillip Securities cut JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 16th. Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $298.00 to $336.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. Finally, Truist Financial increased their price objective on JPMorgan Chase & Co. from $290.00 to $319.00 and gave the stock a “hold” rating in a research report on Tuesday, September 23rd. Fourteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $313.89.

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 stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the transaction, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.