Quent Capital LLC Boosts Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Quent Capital LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 16.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,447 shares of the financial services provider’s stock after acquiring an additional 1,739 shares during the quarter. Quent Capital LLC’s holdings in JPMorgan Chase & Co. were worth $2,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of JPM. Capital International Investors boosted its stake in shares of JPMorgan Chase & Co. by 1.9% in the 1st quarter. Capital International Investors now owns 42,294,992 shares of the financial services provider’s stock worth $8,471,687,000 after buying an additional 778,297 shares during the last quarter. Norges Bank purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $6,016,878,000. Capital World Investors lifted its holdings in shares of JPMorgan Chase & Co. by 0.4% in the first quarter. Capital World Investors now owns 34,422,011 shares of the financial services provider’s stock worth $6,894,729,000 after buying an additional 150,812 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of JPMorgan Chase & Co. by 3.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 21,338,704 shares of the financial services provider’s stock worth $3,629,757,000 after acquiring an additional 695,502 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in JPMorgan Chase & Co. by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,170,399 shares of the financial services provider’s stock valued at $3,389,329,000 after acquiring an additional 154,426 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JPM has been the topic of a number of research reports. UBS Group lifted their price objective on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Citigroup lifted their price objective on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Keefe, Bruyette & Woods upped their price target 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. Finally, StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $205.71.

Insider Buying and Selling

In other news, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the completion of the transaction, the insider now owns 6,484 shares of the company’s stock, valued at approximately $1,237,860.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the completion of 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 document filed with the SEC, which is available through the SEC website. Also, CEO Mary E. Erdoes sold 15,895 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $193.66, for a total value of $3,078,225.70. Following the transaction, the chief executive officer now owns 585,898 shares in the company, valued at approximately $113,465,006.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,343 shares of company stock worth $14,137,789. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Down 4.2 %

JPM stock traded down $8.82 on Friday, hitting $199.14. 18,041,676 shares of the company’s stock were exchanged, compared to its average volume of 9,240,251. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91. The stock has a market cap of $571.86 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12. The firm has a 50 day moving average price of $203.48 and a two-hundred day moving average price of $193.14. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $217.56.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) 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 analyst estimates 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 business posted $4.37 EPS. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.66%.

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.