Brucke Financial Inc. Sells 277 Shares of JPMorgan Chase & Co. $JPM

Brucke Financial Inc. trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,373 shares of the financial services provider’s stock after selling 277 shares during the period. JPMorgan Chase & Co. accounts for 1.5% of Brucke Financial Inc.’s investment portfolio, making the stock its 18th biggest position. Brucke Financial Inc.’s holdings in JPMorgan Chase & Co. were worth $2,137,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. PDS Planning Inc lifted its holdings in shares of JPMorgan Chase & Co. by 8.9% during the 2nd quarter. PDS Planning Inc now owns 51,924 shares of the financial services provider’s stock worth $15,053,000 after acquiring an additional 4,265 shares during the last quarter. JB Capital LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.4% during the 2nd quarter. JB Capital LLC now owns 74,591 shares of the financial services provider’s stock worth $21,625,000 after acquiring an additional 1,014 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 0.8% during the 2nd quarter. Blue Trust Inc. now owns 47,654 shares of the financial services provider’s stock worth $13,815,000 after acquiring an additional 363 shares during the last quarter. Endeavor Private Wealth Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 26.4% during the 2nd quarter. Endeavor Private Wealth Inc. now owns 2,853 shares of the financial services provider’s stock worth $827,000 after acquiring an additional 595 shares during the last quarter. Finally, Aurora Private Wealth Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 2.0% during the 2nd quarter. Aurora Private Wealth Inc. now owns 5,001 shares of the financial services provider’s stock worth $1,450,000 after acquiring an additional 99 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $343.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, October 14th. Bank of America lifted their price objective on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Truist Financial lifted their price objective on shares of JPMorgan Chase & Co. from $290.00 to $319.00 and gave the stock a “hold” rating in a report on Tuesday, September 23rd. Piper Sandler reaffirmed an “overweight” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 15th. Finally, Daiwa Capital Markets boosted their price target on shares of JPMorgan Chase & Co. from $330.00 to $332.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $322.86.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $297.81 on Monday. JPMorgan Chase & Co. has a 12-month low of $202.16 and a 12-month high of $318.01. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The firm’s 50-day moving average price is $302.82 and its two-hundred day moving average price is $279.12. The stock has a market capitalization of $818.91 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 1.80 and a beta of 1.13.

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

JPMorgan Chase & Co. Increases Dividend

The business also recently declared 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 is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.72%.

Insider Activity

In related news, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction dated 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 transaction, the director owned 82,207 shares in the company, valued at $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is owned by corporate insiders.

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.