Abundance Wealth Counselors Buys 314 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Abundance Wealth Counselors lifted its stake in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,106 shares of the financial services provider’s stock after buying an additional 314 shares during the period. JPMorgan Chase & Co. comprises 0.5% of Abundance Wealth Counselors’ portfolio, making the stock its 28th biggest holding. Abundance Wealth Counselors’ holdings in JPMorgan Chase & Co. were worth $1,814,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in JPM. Dravo Bay LLC bought a new position in JPMorgan Chase & Co. during the first quarter worth about $26,000. HBC Financial Services PLLC lifted its stake in JPMorgan Chase & Co. by 61.2% during the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 90 shares during the period. Financial Connections Group Inc. lifted its stake in JPMorgan Chase & Co. by 48.5% during the second quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 100 shares during the period. Advanced Research Investment Solutions LLC lifted its stake in JPMorgan Chase & Co. by 118.2% during the first quarter. Advanced Research Investment Solutions LLC now owns 288 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 156 shares during the period. Finally, Activest Wealth Management lifted its stake in JPMorgan Chase & Co. by 284.0% during the second quarter. Activest Wealth Management now owns 361 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 267 shares during the period. Institutional investors own 68.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on JPM shares. BMO Capital Markets raised their price target on shares of JPMorgan Chase & Co. from $149.00 to $158.00 and gave the stock a “market perform” rating in a research note on Monday, October 17th. Evercore ISI dropped their price objective on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a report on Friday, July 15th. Citigroup raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $145.00 to $135.00 in a report on Tuesday, July 12th. Morgan Stanley dropped their price objective on shares of JPMorgan Chase & Co. from $127.00 to $126.00 and set an “underweight” rating for the company in a report on Wednesday, October 5th. Finally, Credit Suisse Group set a $145.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $144.90.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $131.37 on Tuesday. The firm has a fifty day moving average of $115.59 and a two-hundred day moving average of $117.70. The stock has a market capitalization of $385.25 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 2.25 and a beta of 1.14. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $170.92. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.83 and a current ratio of 0.84.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its earnings results on Friday, October 14th. The financial services provider reported $3.12 EPS for the quarter, beating the consensus estimate of $2.95 by $0.17. The company had revenue of $32.72 billion during the quarter, compared to analysts’ expectations of $31.88 billion. JPMorgan Chase & Co. had a net margin of 26.85% and a return on equity of 14.52%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.74 EPS. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 11.61 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Thursday, October 6th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend was Wednesday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 33.78%.

Insider Activity

In other news, CEO Mary E. Erdoes sold 33,515 shares of the business’s stock in a transaction on Monday, October 17th. The shares were sold at an average price of $115.77, for a total value of $3,880,031.55. Following the completion of the transaction, the chief executive officer now owns 533,795 shares of the company’s stock, valued at approximately $61,797,447.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Douglas B. Petno sold 5,139 shares of the business’s stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total value of $642,477.78. Following the completion of the transaction, the chief executive officer now owns 248,011 shares of the company’s stock, valued at approximately $31,006,335.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mary E. Erdoes sold 33,515 shares of the company’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $115.77, for a total transaction of $3,880,031.55. Following the completion of the transaction, the chief executive officer now directly owns 533,795 shares of the company’s stock, valued at $61,797,447.15. The disclosure for this sale can be found here. Insiders sold 41,964 shares of company stock valued at $4,936,426 in the last quarter. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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