Silverberg Bernstein Capital Management LLC Buys 100 Shares of JPMorgan Chase & Co. $JPM

Silverberg Bernstein Capital Management LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,354 shares of the financial services provider’s stock after purchasing an additional 100 shares during the period. Silverberg Bernstein Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $393,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Baron Financial Group LLC bought a new position in JPMorgan Chase & Co. during the 2nd quarter worth about $236,000. Lifestyle Asset Management Inc. grew its holdings in JPMorgan Chase & Co. by 9.8% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 1,117 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 100 shares in the last quarter. Key Client Fiduciary Advisors LLC grew its holdings in JPMorgan Chase & Co. by 1.1% during the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 7,550 shares of the financial services provider’s stock worth $2,189,000 after acquiring an additional 81 shares in the last quarter. MFG Wealth Management Inc. bought a new position in JPMorgan Chase & Co. during the 2nd quarter worth about $1,739,000. Finally, Bowman & Co S.C. grew its holdings in JPMorgan Chase & Co. by 1.0% during the 2nd quarter. Bowman & Co S.C. now owns 26,142 shares of the financial services provider’s stock worth $7,577,000 after acquiring an additional 255 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Piper Sandler reiterated an “overweight” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 15th. TD Securities restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Truist Financial raised their price target on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a “hold” rating in a report on Wednesday, July 9th. Royal Bank Of Canada set a $305.00 price target on shares of JPMorgan Chase & Co. and gave the company an “outperform” rating in a report on Monday, June 30th. Finally, Citigroup set a $275.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $292.78.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. 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 sale, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is owned by company insiders.

JPMorgan Chase & Co. Trading Up 0.1%

Shares of JPM opened at $309.19 on Wednesday. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $310.90. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm’s fifty day moving average is $294.81 and its two-hundred day moving average is $268.04. The stock has a market cap of $850.20 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 2.05 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating the consensus estimate of $4.48 by $0.48. The firm had revenue of $44.91 billion for the quarter, compared to analysts’ expectations of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company’s revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.12 EPS. Research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. 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 payout ratio is currently 28.73%.

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.