Spartan Planning & Wealth Management Sells 82 Shares of JPMorgan Chase & Co. $JPM

Spartan Planning & Wealth Management trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,456 shares of the financial services provider’s stock after selling 82 shares during the period. JPMorgan Chase & Co. makes up approximately 1.4% of Spartan Planning & Wealth Management’s investment portfolio, making the stock its 17th largest holding. Spartan Planning & Wealth Management’s holdings in JPMorgan Chase & Co. were worth $1,582,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Kavar Capital Partners Group LLC lifted its holdings in shares of JPMorgan Chase & Co. by 2.6% in the second quarter. Kavar Capital Partners Group LLC now owns 44,254 shares of the financial services provider’s stock valued at $12,830,000 after purchasing an additional 1,122 shares in the last quarter. Venture Visionary Partners LLC raised its holdings in JPMorgan Chase & Co. by 2.9% during the second quarter. Venture Visionary Partners LLC now owns 238,863 shares of the financial services provider’s stock worth $69,249,000 after acquiring an additional 6,791 shares in the last quarter. Elser Financial Planning Inc bought a new stake in JPMorgan Chase & Co. during the second quarter worth about $1,626,000. Cyr Financial Inc. raised its holdings in JPMorgan Chase & Co. by 32.3% during the second quarter. Cyr Financial Inc. now owns 3,599 shares of the financial services provider’s stock worth $1,043,000 after acquiring an additional 879 shares in the last quarter. Finally, Oakworth Capital Inc. raised its holdings in JPMorgan Chase & Co. by 0.8% during the second quarter. Oakworth Capital Inc. now owns 200,377 shares of the financial services provider’s stock worth $58,091,000 after acquiring an additional 1,550 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $309.89 on Friday. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $318.01. The stock’s 50 day moving average is $300.67 and its 200-day moving average is $274.72. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $852.11 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 2.04 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The company had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. During the same quarter in the prior year, the business earned $6.12 earnings per share. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. Equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be given a dividend of $1.50 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 28.73%.

Insider Transactions at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the sale, the director owned 82,207 shares of the company’s stock, valued at $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Royal Bank Of Canada reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, September 11th. Wells Fargo & Company upped their target price on JPMorgan Chase & Co. from $325.00 to $345.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. The Goldman Sachs Group upped their target price on JPMorgan Chase & Co. from $336.00 to $350.00 and gave the stock a “buy” rating in a report on Friday. Cowen reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Finally, Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 target price on the stock. in a report on Friday, June 27th. Fifteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $307.70.

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.