JPMorgan Chase & Co. (NYSE:JPM) Holdings Raised by Brown Shipley& Co Ltd

Brown Shipley& Co Ltd grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 10.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 60,513 shares of the financial services provider’s stock after acquiring an additional 5,716 shares during the period. JPMorgan Chase & Co. comprises 3.8% of Brown Shipley& Co Ltd’s investment portfolio, making the stock its 7th biggest holding. Brown Shipley& Co Ltd’s holdings in JPMorgan Chase & Co. were worth $12,038,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blackston Financial Advisory Group LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $401,000. McGlone Suttner Wealth Management Inc. grew its holdings in JPMorgan Chase & Co. by 5.8% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 7,717 shares of the financial services provider’s stock worth $1,313,000 after acquiring an additional 420 shares in the last quarter. Inscription Capital LLC grew its holdings in JPMorgan Chase & Co. by 23.9% during the 4th quarter. Inscription Capital LLC now owns 11,938 shares of the financial services provider’s stock worth $2,031,000 after acquiring an additional 2,300 shares in the last quarter. Lauterbach Financial Advisors LLC grew its holdings in JPMorgan Chase & Co. by 0.7% during the 4th quarter. Lauterbach Financial Advisors LLC now owns 29,535 shares of the financial services provider’s stock worth $5,024,000 after acquiring an additional 210 shares in the last quarter. Finally, Relyea Zuckerberg Hanson LLC boosted its holdings in shares of JPMorgan Chase & Co. by 18.1% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 18,337 shares of the financial services provider’s stock valued at $3,119,000 after buying an additional 2,805 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Citigroup upped their target price on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Jefferies Financial Group upped their target price on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Finally, Keefe, Bruyette & Woods upped their target price on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Tuesday, July 9th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $203.17.

Insiders Place Their Bets

In other news, CEO Mary E. Erdoes sold 15,895 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $193.66, for a total transaction of $3,078,225.70. Following the transaction, the chief executive officer now directly owns 585,898 shares of the company’s stock, valued at approximately $113,465,006.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.65, for a total transaction of $885,869.75. Following the transaction, the general counsel now directly owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Mary E. Erdoes sold 15,895 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $193.66, for a total transaction of $3,078,225.70. Following the completion of the sale, the chief executive officer now directly owns 585,898 shares in the company, valued at $113,465,006.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,343 shares of company stock worth $14,137,789. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock traded down $4.84 during trading hours on Thursday, reaching $207.96. 10,893,066 shares of the stock were exchanged, compared to its average volume of 9,228,397. The stock has a market cap of $597.19 billion, a P/E ratio of 11.61, a P/E/G ratio of 2.52 and a beta of 1.12. 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. The firm’s 50 day moving average is $203.29 and its 200 day moving average is $192.65.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. The company had revenue of $50.80 billion during 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 in the prior year, the firm earned $4.37 EPS. Analysts predict that JPMorgan Chase & Co. will post 16.7 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were given 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 yield of 2.21%. JPMorgan Chase & Co.’s payout ratio is currently 25.66%.

JPMorgan Chase & Co. Company Profile

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.