Cabot Wealth Management Inc. Has $19.82 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Cabot Wealth Management Inc. lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 97,998 shares of the financial services provider’s stock after selling 3,863 shares during the period. JPMorgan Chase & Co. comprises approximately 2.6% of Cabot Wealth Management Inc.’s holdings, making the stock its 6th largest position. Cabot Wealth Management Inc.’s holdings in JPMorgan Chase & Co. were worth $19,821,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. FSM Wealth Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 0.9% in the 2nd quarter. FSM Wealth Advisors LLC now owns 9,389 shares of the financial services provider’s stock worth $1,899,000 after buying an additional 87 shares during the period. Compton Wealth Advisory Group LLC boosted its holdings in JPMorgan Chase & Co. by 3.2% in the 2nd quarter. Compton Wealth Advisory Group LLC now owns 28,864 shares of the financial services provider’s stock worth $5,838,000 after buying an additional 901 shares during the period. Francis Financial Inc. boosted its holdings in JPMorgan Chase & Co. by 19.6% in the 2nd quarter. Francis Financial Inc. now owns 2,443 shares of the financial services provider’s stock worth $494,000 after buying an additional 401 shares during the period. Atlas Private Wealth Advisors boosted its holdings in JPMorgan Chase & Co. by 121.4% in the 2nd quarter. Atlas Private Wealth Advisors now owns 5,333 shares of the financial services provider’s stock worth $1,079,000 after buying an additional 2,924 shares during the period. Finally, Twelve Points Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 0.5% in the 2nd quarter. Twelve Points Wealth Management LLC now owns 16,110 shares of the financial services provider’s stock worth $3,258,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.9 %

JPMorgan Chase & Co. stock traded up $1.74 during midday trading on Friday, reaching $205.80. The stock had a trading volume of 5,540,240 shares, compared to its average volume of 9,292,017. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $217.56. The firm has a market cap of $590.99 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12. The company has a fifty day moving average of $203.58 and a 200 day moving average of $194.27.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The company had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. During the same period in the prior year, the company posted $4.37 EPS. On average, analysts anticipate that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were paid a $1.15 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.24%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.66%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction dated 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 directly 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 available through this hyperlink. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.65, for a total value of $885,869.75. Following the transaction, the general counsel now directly owns 42,124 shares in the company, valued at approximately $8,452,180.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ashley Bacon sold 5,086 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the transaction, 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. Insiders have sold 26,533 shares of company stock worth $5,310,756 in the last three months. Corporate insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

JPM has been the topic of several research analyst reports. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Morgan Stanley boosted their price target on shares of JPMorgan Chase & Co. from $221.00 to $226.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Robert W. Baird boosted their price target on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. UBS Group boosted their price target on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Finally, BMO Capital Markets boosted their price target on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $205.71.

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.