Williams & Novak LLC Purchases Shares of 2,409 JPMorgan Chase & Co. (NYSE:JPM)

Williams & Novak LLC purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,409 shares of the financial services provider’s stock, valued at approximately $487,000.

Several other large investors have also made changes to their positions in the company. Stone House Investment Management LLC lifted its stake in JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 89 shares in the last quarter. Retirement Group LLC raised its holdings in shares of JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 109 shares during the last quarter. Richardson Capital Management LLC bought a new position in shares of JPMorgan Chase & Co. in the first quarter worth approximately $34,000. Bare Financial Services Inc bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $35,000. Finally, Partnership Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at $36,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Buying and Selling

In other news, CEO Marianne Lake sold 11,734 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $200.02, for a total transaction of $2,347,034.68. Following the completion of the transaction, the chief executive officer now directly owns 122,740 shares of the company’s stock, valued at $24,550,454.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 212,265 shares in the company, valued at approximately $42,355,358.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marianne Lake sold 11,734 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $200.02, for a total transaction of $2,347,034.68. Following the transaction, the chief executive officer now directly owns 122,740 shares of the company’s stock, valued at $24,550,454.80. The disclosure for this sale can be found here. Insiders have sold 26,533 shares of company stock valued at $5,310,756 over the last quarter. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on JPM shares. Jefferies Financial Group raised their price target 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. UBS Group lifted their target price 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. BMO Capital Markets lifted their price target on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Citigroup boosted their price target 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. Finally, Wells Fargo & Company boosted their price objective on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $205.71.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded up $1.74 during midday trading on Friday, reaching $205.80. The company’s stock had a trading volume of 5,540,240 shares, compared to its average volume of 9,292,017. The company has a market cap of $590.99 billion, a P/E ratio of 11.48, a P/E/G ratio of 2.42 and a beta of 1.12. The business’s 50 day moving average price is $203.58 and its two-hundred day moving average price is $194.27. 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 fifty-two week low of $135.19 and a fifty-two week high of $217.56.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $50.80 billion for the quarter, compared to analysts’ expectations of $42.23 billion. During the same quarter last year, the firm earned $4.37 EPS. On average, analysts forecast that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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