JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Plato Investment Management Ltd

Plato Investment Management Ltd raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 1,211.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 53,383 shares of the financial services provider’s stock after acquiring an additional 49,313 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.1% of Plato Investment Management Ltd’s investment portfolio, making the stock its 11th biggest position. Plato Investment Management Ltd’s holdings in JPMorgan Chase & Co. were worth $10,693,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in JPM. Blackston Financial Advisory Group LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $401,000. McGlone Suttner Wealth Management Inc. increased its stake in shares of JPMorgan Chase & Co. by 5.8% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 7,717 shares of the financial services provider’s stock valued at $1,313,000 after acquiring an additional 420 shares during the period. Inscription Capital LLC increased its stake in shares of JPMorgan Chase & Co. by 23.9% during the fourth quarter. Inscription Capital LLC now owns 11,938 shares of the financial services provider’s stock valued at $2,031,000 after acquiring an additional 2,300 shares during the period. Lauterbach Financial Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 0.7% during the fourth quarter. Lauterbach Financial Advisors LLC now owns 29,535 shares of the financial services provider’s stock worth $5,024,000 after buying an additional 210 shares in the last quarter. Finally, Relyea Zuckerberg Hanson LLC boosted its holdings in JPMorgan Chase & Co. by 18.1% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 18,337 shares of the financial services provider’s stock worth $3,119,000 after buying an additional 2,805 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 2.3 %

Shares of JPMorgan Chase & Co. stock traded down $4.96 during midday trading on Thursday, reaching $207.84. 10,900,799 shares of the company’s stock traded hands, compared to its average volume of 9,228,409. The company has a market cap of $596.85 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 2.52 and a beta of 1.12. The company’s 50 day simple moving average is $203.29 and its 200 day simple moving average is $192.65. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $217.56.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The business had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same quarter last year, the firm earned $4.37 EPS. Equities analysts expect that JPMorgan Chase & Co. will post 16.7 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th were issued a dividend of $1.15 per share. The ex-dividend date was Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.21%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.66%.

Analysts Set New Price Targets

JPM has been the subject of a number of research reports. Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. BMO Capital Markets raised their target price on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Royal Bank of Canada restated an “outperform” rating and set a $211.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Finally, Oppenheimer raised their target price on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $203.17.

Insider Activity

In related news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction on Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the transaction, the insider now owns 212,265 shares in the company, valued at approximately $42,355,358.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. stock in a transaction on Monday, May 6th. The shares were sold at an average price of $190.91, for a total value of $4,167,374.39. Following the transaction, the insider now owns 6,484 shares in the company, valued at approximately $1,237,860.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the sale, the insider now owns 212,265 shares in the company, valued at $42,355,358.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,343 shares of company stock worth $14,137,789. 0.79% of the stock is owned by corporate insiders.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. 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, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.