JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Meitav Investment House Ltd.

Meitav Investment House Ltd. raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 373,586 shares of the financial services provider’s stock after purchasing an additional 468 shares during the period. JPMorgan Chase & Co. comprises 1.5% of Meitav Investment House Ltd.’s holdings, making the stock its 19th largest position. Meitav Investment House Ltd.’s holdings in JPMorgan Chase & Co. were worth $74,844,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Trust Co of the South increased its stake in JPMorgan Chase & Co. by 1.1% in the first quarter. Trust Co of the South now owns 4,946 shares of the financial services provider’s stock valued at $991,000 after acquiring an additional 53 shares during the period. PFW Advisors LLC increased its stake in JPMorgan Chase & Co. by 1.1% in the first quarter. PFW Advisors LLC now owns 5,232 shares of the financial services provider’s stock valued at $1,048,000 after acquiring an additional 55 shares during the period. Murphy Middleton Hinkle & Parker Inc. increased its stake in JPMorgan Chase & Co. by 2.0% in the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,837 shares of the financial services provider’s stock valued at $568,000 after acquiring an additional 55 shares during the period. KFG Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 3.6% in the first quarter. KFG Wealth Management LLC now owns 1,594 shares of the financial services provider’s stock valued at $319,000 after acquiring an additional 56 shares during the period. Finally, Silvia Mccoll Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 1.0% in the first quarter. Silvia Mccoll Wealth Management LLC now owns 5,978 shares of the financial services provider’s stock valued at $1,169,000 after acquiring an additional 58 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the sale, the chief executive officer now owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Ashley Bacon sold 5,086 shares of the company’s 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 completion of the sale, the insider now owns 212,265 shares of the company’s stock, valued at approximately $42,355,358.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the sale, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. Insiders sold 250,565 shares of company stock valued at $46,962,717 in the last quarter. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.2 %

Shares of JPM opened at $207.63 on Wednesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $596.24 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 2.74 and a beta of 1.12. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $210.38. The firm’s 50-day simple moving average is $198.96 and its 200 day simple moving average is $188.28.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The firm had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. On average, analysts forecast that JPMorgan Chase & Co. will post 16.47 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on JPM shares. Evercore ISI reissued an “outperform” rating and issued a $210.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 3rd. Robert W. Baird upped their price objective 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. Jefferies Financial Group upped their price objective on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Finally, BMO Capital Markets decreased their price objective on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research note on Monday, April 15th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $196.05.

Get Our Latest Report on JPMorgan Chase & Co.

About JPMorgan Chase & Co.

(Free Report)

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.

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

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