Financial Security Advisor Inc. Acquires 180 Shares of JPMorgan Chase & Co. $JPM

Financial Security Advisor Inc. boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,673 shares of the financial services provider’s stock after buying an additional 180 shares during the period. Financial Security Advisor Inc.’s holdings in JPMorgan Chase & Co. were worth $775,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Callan Family Office LLC raised its position in JPMorgan Chase & Co. by 131.3% in the 2nd quarter. Callan Family Office LLC now owns 77,673 shares of the financial services provider’s stock valued at $22,518,000 after buying an additional 44,097 shares during the last quarter. Blair William & Co. IL raised its position in JPMorgan Chase & Co. by 0.5% during the second quarter. Blair William & Co. IL now owns 2,329,745 shares of the financial services provider’s stock worth $675,416,000 after acquiring an additional 10,609 shares in the last quarter. Rice Partnership LLC lifted its stake in JPMorgan Chase & Co. by 11.0% in the 2nd quarter. Rice Partnership LLC now owns 107,930 shares of the financial services provider’s stock valued at $31,290,000 after purchasing an additional 10,676 shares during the last quarter. Mainstay Capital Management LLC ADV lifted its position in shares of JPMorgan Chase & Co. by 100.2% in the second quarter. Mainstay Capital Management LLC ADV now owns 22,918 shares of the financial services provider’s stock valued at $6,644,000 after buying an additional 11,470 shares during the last quarter. Finally, Boomfish Wealth Group LLC lifted its holdings in JPMorgan Chase & Co. by 62.2% during the 2nd quarter. Boomfish Wealth Group LLC now owns 1,401 shares of the financial services provider’s stock valued at $406,000 after purchasing an additional 537 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the transaction, the director owned 82,207 shares of the company’s stock, valued at $24,492,753.58. This trade represents a 10.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JPM. Evercore ISI boosted their price objective on JPMorgan Chase & Co. from $309.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $343.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, October 14th. Morgan Stanley increased their target price on shares of JPMorgan Chase & Co. from $336.00 to $338.00 and gave the stock an “equal weight” rating in a report on Wednesday. Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 target price for the company. in a report on Friday, June 27th. Finally, Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Fifteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $319.40.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $297.81 on Friday. The company has a market cap of $818.91 billion, a P/E ratio of 14.75, a PEG ratio of 1.80 and a beta of 1.13. The company has a fifty day simple moving average of $302.82 and a 200 day simple moving average of $278.77. JPMorgan Chase & Co. has a 12-month low of $202.16 and a 12-month high of $318.01. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.37 EPS. Sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced 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. This is an increase 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 is Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.72%.

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.