Stratos Wealth Advisors LLC Raises Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Stratos Wealth Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 40.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,777 shares of the financial services provider’s stock after buying an additional 25,126 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.2% of Stratos Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Stratos Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $21,286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Liberty One Investment Management LLC lifted its stake in JPMorgan Chase & Co. by 0.6% in the first quarter. Liberty One Investment Management LLC now owns 22,509 shares of the financial services provider’s stock valued at $5,522,000 after buying an additional 133 shares during the last quarter. Stratos Investment Management LLC lifted its position in JPMorgan Chase & Co. by 15.3% in the 1st quarter. Stratos Investment Management LLC now owns 52,872 shares of the financial services provider’s stock valued at $12,970,000 after purchasing an additional 7,024 shares during the last quarter. Black Diamond Financial LLC lifted its position in JPMorgan Chase & Co. by 0.8% in the 1st quarter. Black Diamond Financial LLC now owns 7,524 shares of the financial services provider’s stock valued at $1,846,000 after purchasing an additional 61 shares during the last quarter. May Hill Capital LLC lifted its position in JPMorgan Chase & Co. by 2.5% in the 1st quarter. May Hill Capital LLC now owns 5,160 shares of the financial services provider’s stock valued at $1,266,000 after purchasing an additional 126 shares during the last quarter. Finally, Garrett Wealth Advisory Group LLC raised its holdings in shares of JPMorgan Chase & Co. by 21.2% during the first quarter. Garrett Wealth Advisory Group LLC now owns 3,976 shares of the financial services provider’s stock valued at $975,000 after buying an additional 696 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada set a $305.00 price target on JPMorgan Chase & Co. and gave the company an “outperform” rating in a report on Monday, June 30th. TD Securities restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 price target on the stock. in a research report on Friday, June 27th. HSBC restated a “reduce” rating and set a $259.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. Finally, Bank of America boosted their target price on JPMorgan Chase & Co. from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, June 18th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $284.42.

Insider Transactions at JPMorgan Chase & Co.

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

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $288.60 on Tuesday. The stock’s 50-day moving average price is $271.71 and its two-hundred day moving average price is $256.81. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23. The company has a market cap of $802.06 billion, a PE ratio of 14.17, a PEG ratio of 2.62 and a beta of 1.10. JPMorgan Chase & Co. has a 1 year low of $190.90 and a 1 year high of $296.40.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The business had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same quarter in the previous year, the business earned $4.44 earnings per share. The firm’s revenue was up 8.0% compared to the same quarter last year. On average, analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.49%.

JPMorgan Chase & Co. Profile

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.