Outlook Wealth Advisors LLC Has $649,000 Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Outlook Wealth Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 172.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,208 shares of the financial services provider’s stock after buying an additional 2,030 shares during the period. Outlook Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $649,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Gemmer Asset Management LLC raised its holdings in JPMorgan Chase & Co. by 1.6% during the second quarter. Gemmer Asset Management LLC now owns 3,135 shares of the financial services provider’s stock worth $634,000 after purchasing an additional 48 shares in the last quarter. Northside Capital Management LLC raised its holdings in JPMorgan Chase & Co. by 0.7% during the second quarter. Northside Capital Management LLC now owns 6,750 shares of the financial services provider’s stock worth $1,365,000 after purchasing an additional 50 shares in the last quarter. Highland Financial Advisors LLC raised its holdings in JPMorgan Chase & Co. by 0.7% during the second quarter. Highland Financial Advisors LLC now owns 7,056 shares of the financial services provider’s stock worth $1,427,000 after purchasing an additional 50 shares in the last quarter. Trust Co of the South raised its holdings in JPMorgan Chase & Co. by 1.1% during the first quarter. Trust Co of the South now owns 4,946 shares of the financial services provider’s stock worth $991,000 after purchasing an additional 53 shares in the last quarter. Finally, Forza Wealth Management LLC raised its holdings in JPMorgan Chase & Co. by 0.3% during the second quarter. Forza Wealth Management LLC now owns 17,257 shares of the financial services provider’s stock worth $3,490,000 after purchasing an additional 53 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Lori A. Beer sold 5,298 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the completion of the sale, the insider now owns 46,375 shares in the company, valued at approximately $9,304,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Lori A. Beer sold 5,298 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the completion of the sale, the insider now owns 46,375 shares in the company, valued at approximately $9,304,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $199.54, for a total value of $1,014,860.44. Following the sale, the insider now owns 212,265 shares of the company’s stock, valued at approximately $42,355,358.10. The disclosure for this sale can be found here. Insiders sold a total of 14,799 shares of company stock valued at $2,963,721 in the last 90 days. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock traded up $2.42 on Friday, hitting $213.97. The company’s stock had a trading volume of 7,931,234 shares, compared to its average volume of 9,221,095. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $217.56. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The firm has a fifty day moving average price of $204.67 and a 200-day moving average price of $195.43. The company has a market capitalization of $614.45 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping 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 analyst estimates of $42.23 billion. During the same period in the previous year, the firm earned $4.37 EPS. On average, equities research analysts expect that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.66%.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of recent research reports. Barclays lifted their target price on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Keefe, Bruyette & Woods lifted 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. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. UBS Group lifted their target price on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Finally, Robert W. Baird lifted their target price on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. Eight investment 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 company presently 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.