JPMorgan Chase & Co. $JPM is Galvin Gaustad & Stein LLC’s 5th Largest Position

Galvin Gaustad & Stein LLC decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 108,025 shares of the financial services provider’s stock after selling 8,775 shares during the quarter. JPMorgan Chase & Co. comprises approximately 2.7% of Galvin Gaustad & Stein LLC’s portfolio, making the stock its 5th biggest holding. Galvin Gaustad & Stein LLC’s holdings in JPMorgan Chase & Co. were worth $31,318,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. M1 Capital Management LLC raised its position in JPMorgan Chase & Co. by 2.2% in the second quarter. M1 Capital Management LLC now owns 2,233 shares of the financial services provider’s stock worth $647,000 after acquiring an additional 49 shares in the last quarter. Cardano Risk Management B.V. raised its holdings in JPMorgan Chase & Co. by 5.3% during the second quarter. Cardano Risk Management B.V. now owns 856,259 shares of the financial services provider’s stock worth $248,238,000 after purchasing an additional 43,396 shares during the last quarter. Total Wealth Planning & Management Inc. raised its holdings in JPMorgan Chase & Co. by 2.2% during the second quarter. Total Wealth Planning & Management Inc. now owns 7,126 shares of the financial services provider’s stock worth $2,066,000 after purchasing an additional 155 shares during the last quarter. Pinion Investment Advisors LLC raised its holdings in JPMorgan Chase & Co. by 0.6% during the second quarter. Pinion Investment Advisors LLC now owns 10,041 shares of the financial services provider’s stock worth $2,911,000 after purchasing an additional 61 shares during the last quarter. Finally, Stiles Financial Services Inc raised its holdings in JPMorgan Chase & Co. by 12.9% during the second quarter. Stiles Financial Services Inc now owns 12,366 shares of the financial services provider’s stock worth $3,586,000 after purchasing an additional 1,411 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

JPM has been the subject of several research reports. Morgan Stanley lifted their price objective on JPMorgan Chase & Co. from $336.00 to $338.00 and gave the stock an “equal weight” rating in a report on Wednesday. TD Cowen lifted their price objective on JPMorgan Chase & Co. from $350.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Bank of America lifted their price objective on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. DZ Bank reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Wednesday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $366.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday. Fifteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus target price of $319.40.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $297.81 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $318.01. The stock has a market cap of $818.91 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 1.80 and a beta of 1.13. The business has a fifty day moving average of $302.82 and a 200-day moving average of $278.77. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.26.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly 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. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The company had revenue of $46.43 billion during the quarter, compared to analysts’ expectations of $44.42 billion. During the same period in the previous year, the firm posted $4.37 earnings per share. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm 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. 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%. The ex-dividend date of this dividend is Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.72%.

Insider Activity at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. 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 sale, the director owned 82,207 shares of the company’s stock, valued at $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is currently owned by corporate insiders.

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.