Wolff Wiese Magana LLC Sells 497 Shares of JPMorgan Chase & Co. $JPM

Wolff Wiese Magana LLC cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,255 shares of the financial services provider’s stock after selling 497 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.8% of Wolff Wiese Magana LLC’s portfolio, making the stock its 14th biggest position. Wolff Wiese Magana LLC’s holdings in JPMorgan Chase & Co. were worth $2,973,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JPM. Brighton Jones LLC lifted its holdings in JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after buying an additional 4,841 shares during the period. Curat Global LLC acquired a new position in JPMorgan Chase & Co. during the 1st quarter worth about $33,000. Procyon Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 0.6% during the 1st quarter. Procyon Advisors LLC now owns 90,497 shares of the financial services provider’s stock worth $22,199,000 after buying an additional 564 shares during the period. MKT Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 3.3% during the 1st quarter. MKT Advisors LLC now owns 2,869 shares of the financial services provider’s stock worth $704,000 after buying an additional 91 shares during the period. Finally, Sandbox Financial Partners LLC lifted its holdings in JPMorgan Chase & Co. by 4.7% during the 1st quarter. Sandbox Financial Partners LLC now owns 5,946 shares of the financial services provider’s stock worth $1,459,000 after buying an additional 267 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $309.89 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50 day moving average price of $300.67 and a two-hundred day moving average price of $274.72. The firm has a market capitalization of $852.11 billion, a P/E ratio of 15.90, a P/E/G ratio of 2.04 and a beta of 1.13. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $318.01.

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

JPMorgan Chase & Co. Increases Dividend

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

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the business’s 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 completion of the sale, the director directly owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a “hold” rating in a research note on Tuesday, September 30th. Weiss Ratings reissued a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, September 27th. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Friday, June 27th. Finally, Morgan Stanley boosted their price objective on JPMorgan Chase & Co. from $298.00 to $336.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Fifteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $307.70.

JPMorgan Chase & Co. Company 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.