Liberty One Investment Management LLC Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

Liberty One Investment Management LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,509 shares of the financial services provider’s stock after acquiring an additional 133 shares during the period. Liberty One Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $5,522,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Blue Bell Private Wealth Management LLC raised its stake in shares of JPMorgan Chase & Co. by 1.5% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 2,594 shares of the financial services provider’s stock worth $622,000 after purchasing an additional 38 shares during the last quarter. Hurlow Wealth Management Group Inc. raised its position in JPMorgan Chase & Co. by 0.7% during the 4th quarter. Hurlow Wealth Management Group Inc. now owns 5,538 shares of the financial services provider’s stock worth $1,328,000 after buying an additional 40 shares during the last quarter. Wimmer Associates 1 LLC raised its position in JPMorgan Chase & Co. by 1.0% during the 4th quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider’s stock worth $986,000 after buying an additional 40 shares during the last quarter. Twin Lakes Capital Management LLC raised its position in JPMorgan Chase & Co. by 0.3% during the 4th quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider’s stock worth $3,340,000 after buying an additional 40 shares during the last quarter. Finally, Rockbridge Investment Management LCC raised its holdings in shares of JPMorgan Chase & Co. by 2.3% during the fourth quarter. Rockbridge Investment Management LCC now owns 1,838 shares of the financial services provider’s stock worth $441,000 after purchasing an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Jeremy Barnum sold 40,014 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the completion of the sale, the chief financial officer owned 18,017 shares in the company, valued at approximately $4,518,123.09. The trade was a 68.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the sale, the director owned 91,539 shares of the company’s stock, valued at $22,884,750. This represents a 9.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,200 shares of company stock worth $18,060,015 in the last three months. 0.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. TD Securities reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Hsbc Global Res cut JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. TD Cowen began coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They set a “buy” rating and a $305.00 target price for the company. Cowen reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Finally, Bank of America upped their target price on shares of JPMorgan Chase & Co. from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, June 18th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and an average price target of $284.42.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $288.60 on Tuesday. The stock has a market cap of $802.06 billion, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 2.62 and a beta of 1.10. The company has a fifty day simple moving average of $271.71 and a 200-day simple moving average of $256.81. JPMorgan Chase & Co. has a 12-month low of $190.90 and a 12-month high of $296.40. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.63 by $0.44. The company had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. JPMorgan Chase & Co.’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the business earned $4.44 EPS. Equities analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.’s payout ratio is 27.49%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.