JPMorgan Chase & Co. (NYSE:JPM) Position Boosted by Tanager Wealth Management LLP

Tanager Wealth Management LLP lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 94.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,511 shares of the financial services provider’s stock after purchasing an additional 4,123 shares during the period. Tanager Wealth Management LLP’s holdings in JPMorgan Chase & Co. were worth $1,705,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of JPM. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new position in shares of JPMorgan Chase & Co. during the third quarter worth about $4,302,000. Financial Insights Inc. bought a new position in shares of JPMorgan Chase & Co. during the third quarter worth about $1,544,000. Raleigh Capital Management Inc. lifted its position in shares of JPMorgan Chase & Co. by 4.2% during the third quarter. Raleigh Capital Management Inc. now owns 8,426 shares of the financial services provider’s stock worth $1,222,000 after purchasing an additional 339 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of JPMorgan Chase & Co. by 4.8% during the third quarter. Sunbelt Securities Inc. now owns 29,143 shares of the financial services provider’s stock worth $4,226,000 after purchasing an additional 1,345 shares during the last quarter. Finally, Birmingham Capital Management Co. Inc. AL lifted its holdings in JPMorgan Chase & Co. by 32.4% in the third quarter. Birmingham Capital Management Co. Inc. AL now owns 15,702 shares of the financial services provider’s stock worth $2,277,000 after acquiring an additional 3,845 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $207.73 on Thursday. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $210.38. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $596.53 billion, a PE ratio of 12.54, a P/E/G ratio of 2.75 and a beta of 1.12. The company’s 50 day simple moving average is $199.27 and its 200 day simple moving average is $188.41.

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

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be given a $1.15 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.21%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.78%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. 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 transaction, the insider now owns 212,265 shares in the company, valued at $42,355,358.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction that occurred on 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction 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 sale, the insider now directly 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. Over the last 90 days, insiders have sold 250,565 shares of company stock worth $46,962,717. 0.79% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday. Evercore ISI reissued an “outperform” rating and issued a $210.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, July 3rd. Oppenheimer cut their target price on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a report on Monday, April 15th. Keefe, Bruyette & Woods raised their target price on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Tuesday. Finally, Jefferies Financial Group raised their target price on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.05.

Get Our Latest Stock Analysis on JPM

JPMorgan Chase & Co. Company Profile

(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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