CFM Wealth Partners LLC Has $9.58 Million Stock Position in JPMorgan Chase & Co. $JPM

CFM Wealth Partners LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,038 shares of the financial services provider’s stock after buying an additional 206 shares during the quarter. JPMorgan Chase & Co. comprises about 1.5% of CFM Wealth Partners LLC’s portfolio, making the stock its 17th biggest position. CFM Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $9,578,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS raised its stake in JPMorgan Chase & Co. by 3.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 1,123,532 shares of the financial services provider’s stock worth $325,723,000 after buying an additional 34,700 shares during the period. Tyche Wealth Partners LLC raised its stake in JPMorgan Chase & Co. by 1.2% during the 2nd quarter. Tyche Wealth Partners LLC now owns 19,475 shares of the financial services provider’s stock worth $5,646,000 after buying an additional 225 shares during the period. Avantra Family Wealth Inc. raised its stake in JPMorgan Chase & Co. by 1.6% during the 2nd quarter. Avantra Family Wealth Inc. now owns 3,957 shares of the financial services provider’s stock worth $1,147,000 after buying an additional 63 shares during the period. RMG Wealth Management LLC acquired a new position in JPMorgan Chase & Co. during the 2nd quarter worth approximately $449,000. Finally, Meitav Investment House Ltd. raised its stake in JPMorgan Chase & Co. by 18.6% during the 2nd quarter. Meitav Investment House Ltd. now owns 49,674 shares of the financial services provider’s stock worth $14,371,000 after buying an additional 7,794 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $302.11 on Wednesday. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $318.01. The business has a fifty day moving average price of $302.11 and a 200-day moving average price of $277.61. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $830.72 billion, a P/E ratio of 15.50, a PEG ratio of 1.99 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm had revenue of $46.43 billion during the quarter, compared to analyst estimates of $44.42 billion. During the same period last year, the company earned $4.37 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, equities research analysts forecast 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. Stockholders of record on Monday, October 6th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Monday, October 6th. 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 dividend yield of 2.0%. JPMorgan Chase & Co.’s dividend payout ratio is 30.79%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Hsbc Global Res downgraded JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Weiss Ratings reissued a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 8th. Bank of America increased their price objective on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. Finally, Robert W. Baird downgraded JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 price objective for the company. in a research note on Friday, June 27th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $318.70.

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.