Cardano Risk Management B.V. acquires shares of JPMorgan Chase & Co. $JPM
Cardano Risk Management B.V. recently boosted its stake in JPMorgan Chase & Co. by 5.3% in the second quarter, acquiring an additional 43,396 shares and now holding a total of 856,259 shares, valued at around $248 million. The company declared a quarterly dividend of $1.50, up from the previous dividend of $1.40, resulting in an annual yield of 2.0%. JPMorgan also reported robust quarterly earnings, surpassing analyst expectations with earnings per share of $5.07, indicating an 8.8% year-over-year revenue growth.
Institutional investor Cardano Risk Management B.V. disclosed in its recent Form 13F filing with the Securities and Exchange Commission that it now possesses 856,259 shares of JPMorgan Chase & Co. following the addition of 43,396 shares to its portfolio. The financial services provider accounts for 3.2% of Cardano Risk Management B.V.’s holdings, ranking as the 11th largest position in its portfolio, valued at $248,238,000 as of the latest reporting period. Several other institutional investors have made adjustments to their positions in the company as well, including LCM Capital Management Inc, jvl associates llc, Lakeshore Financial Planning Inc., Western Financial Corp CA, and Morey & Quinn Wealth Partners LLC. These investors have raised their stakes in JPMorgan Chase & Co. by various percentages during the second quarter.
Regarding insider activity, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. in early September, for an average price of $297.94 per share, amounting to a total value of $2,830,430.00. Following the sale, Bammann held 82,207 shares of the company’s stock, valued around $24,492,753.58, marking a reduction of 10.36% in their position. Insiders currently possess about 0.47% of the company’s stock.
JPMorgan Chase & Co.’s stock opened at $297.81 and has a market capitalization of $818.91 billion, a P/E ratio of 14.75, a PEG ratio of 1.80, and a beta of 1.13. Additionally, the company has a 50-day simple moving average of $302.82 and a 200-day simple moving average of $278.77. JPMorgan Chase & Co.’s fifty-two week low was $202.16, while its high was $318.01. With a quick ratio of 0.88, a current ratio of 0.86, and a debt-to-equity ratio of 1.26, the company remains in a favorable financial position.
In its most recent quarterly financial report, JPMorgan Chase & Co. surpassed expectations with per share earnings of $5.07 for the quarter, beating analyst estimates by $0.24. The company’s net margin stood at 20.90%, with a return on equity of 17.18%. JPMorgan Chase & Co. recorded revenue of $46.43 billion during the quarter, outperforming the consensus estimate of $44.42 billion. Analysts predict that the company will post earnings per share of 18.1 for the current fiscal year.
To add to its positive performance, JPMorgan Chase & Co. also announced an increase in its quarterly dividend, with shareholders set to receive $1.50 on Friday, October 31st. Investors who were on record as of Monday, October 6th will be entitled to the dividend, reflecting a total annual dividend of $6.00.
