JPMorgan Chase & Co. $JPM Shares Bought by Northern Financial Advisors Inc

Northern Financial Advisors Inc grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,076 shares of the financial services provider’s stock after buying an additional 78 shares during the quarter. JPMorgan Chase & Co. accounts for about 2.4% of Northern Financial Advisors Inc’s investment portfolio, making the stock its 10th biggest holding. Northern Financial Advisors Inc’s holdings in JPMorgan Chase & Co. were worth $3,211,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. WoodTrust Financial Corp boosted its holdings in shares of JPMorgan Chase & Co. by 1.4% in the second quarter. WoodTrust Financial Corp now owns 80,693 shares of the financial services provider’s stock valued at $23,394,000 after buying an additional 1,129 shares during the period. Opulen Financial Group LLC acquired a new position in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $212,000. Winthrop Advisory Group LLC boosted its holdings in JPMorgan Chase & Co. by 5.2% during the second quarter. Winthrop Advisory Group LLC now owns 18,507 shares of the financial services provider’s stock worth $5,365,000 after purchasing an additional 909 shares during the last quarter. Citizens National Bank Trust Department boosted its holdings in JPMorgan Chase & Co. by 3.7% during the second quarter. Citizens National Bank Trust Department now owns 40,731 shares of the financial services provider’s stock worth $11,808,000 after purchasing an additional 1,450 shares during the last quarter. Finally, Pure Portfolios Holdings LLC boosted its holdings in JPMorgan Chase & Co. by 16.6% during the second quarter. Pure Portfolios Holdings LLC now owns 1,470 shares of the financial services provider’s stock worth $426,000 after purchasing an additional 209 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Hsbc Global Res cut shares of JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 8th. Truist Financial increased their target price on shares of JPMorgan Chase & Co. from $290.00 to $319.00 and gave the stock a “hold” rating in a report on Tuesday, September 23rd. Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $330.00 to $354.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Royal Bank Of Canada restated a “buy” rating and set a $343.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday. Finally, Barclays increased their target price on shares of JPMorgan Chase & Co. from $330.00 to $342.00 and gave the stock an “overweight” rating in a report on Wednesday. Fifteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $319.40.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the transaction, the director directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $305.94 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The firm’s fifty day moving average price is $302.40 and its two-hundred day moving average price is $277.80. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $318.01. The firm has a market capitalization of $841.24 billion, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 1.94 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.83 by $0.24. The company had revenue of $46.43 billion for the quarter, compared to analyst estimates of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The company’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $4.37 earnings per share. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be given a $1.50 dividend. The ex-dividend date of this dividend is Monday, October 6th. 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%. JPMorgan Chase & Co.’s payout ratio is currently 30.79%.

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.