Life Planning Partners Inc Raises Stock Position in JPMorgan Chase & Co. $JPM

Life Planning Partners Inc increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 9.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,162 shares of the financial services provider’s stock after acquiring an additional 100 shares during the quarter. Life Planning Partners Inc’s holdings in JPMorgan Chase & Co. were worth $337,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fortis Capital Advisors LLC increased its holdings in JPMorgan Chase & Co. by 66.4% in the 2nd quarter. Fortis Capital Advisors LLC now owns 11,285 shares of the financial services provider’s stock worth $3,272,000 after acquiring an additional 4,504 shares in the last quarter. Precedent Wealth Partners LLC increased its holdings in JPMorgan Chase & Co. by 8.7% in the 2nd quarter. Precedent Wealth Partners LLC now owns 11,847 shares of the financial services provider’s stock worth $3,435,000 after acquiring an additional 950 shares in the last quarter. Fairvoy Private Wealth LLC boosted its stake in JPMorgan Chase & Co. by 14.3% during the 2nd quarter. Fairvoy Private Wealth LLC now owns 5,389 shares of the financial services provider’s stock worth $1,562,000 after purchasing an additional 676 shares during the last quarter. Jackson Wealth Management LLC boosted its stake in JPMorgan Chase & Co. by 182.4% during the 2nd quarter. Jackson Wealth Management LLC now owns 2,897 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 1,871 shares during the last quarter. Finally, Curran Financial Partners LLC boosted its stake in JPMorgan Chase & Co. by 19.5% during the 2nd quarter. Curran Financial Partners LLC now owns 1,295 shares of the financial services provider’s stock worth $375,000 after purchasing an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the transaction, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.47% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

JPM has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, September 11th. Wells Fargo & Company lifted their target price on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Evercore ISI lifted their target price on shares of JPMorgan Chase & Co. from $309.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Keefe, Bruyette & Woods lifted their target price on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 16th. Finally, HSBC reiterated a “reduce” rating and set a $259.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Fourteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $313.89.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $301.12 on Friday. The stock has a 50 day moving average price of $301.61 and a 200 day moving average price of $276.60. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $828.00 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 1.97 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 announced its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.48 by $0.48. The firm had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $6.12 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal 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 issued a dividend of $1.50 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio is 30.79%.

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.