Kampmann Melissa S. Sells 430 Shares of JPMorgan Chase & Co. $JPM

Kampmann Melissa S. cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,501 shares of the financial services provider’s stock after selling 430 shares during the quarter. JPMorgan Chase & Co. comprises about 4.2% of Kampmann Melissa S.’s investment portfolio, making the stock its 4th largest position. Kampmann Melissa S.’s holdings in JPMorgan Chase & Co. were worth $5,654,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Mainstay Capital Management LLC ADV grew its stake in JPMorgan Chase & Co. by 100.2% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 22,918 shares of the financial services provider’s stock valued at $6,644,000 after acquiring an additional 11,470 shares during the last quarter. Boomfish Wealth Group LLC grew its stake in JPMorgan Chase & Co. by 62.2% in the 2nd quarter. Boomfish Wealth Group LLC now owns 1,401 shares of the financial services provider’s stock valued at $406,000 after acquiring an additional 537 shares during the last quarter. Capital Advisors Ltd. LLC grew its stake in JPMorgan Chase & Co. by 0.5% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 10,539 shares of the financial services provider’s stock valued at $3,055,000 after acquiring an additional 49 shares during the last quarter. Live Oak Investment Partners grew its stake in JPMorgan Chase & Co. by 10.4% in the 2nd quarter. Live Oak Investment Partners now owns 1,434 shares of the financial services provider’s stock valued at $416,000 after acquiring an additional 135 shares during the last quarter. Finally, Game Plan Financial Advisors LLC grew its stake in JPMorgan Chase & Co. by 3.1% in the 2nd quarter. Game Plan Financial Advisors LLC now owns 17,305 shares of the financial services provider’s stock valued at $5,017,000 after acquiring an additional 524 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Linda Bammann sold 9,500 shares of the firm’s stock in a transaction that occurred on 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 owned 82,207 shares in the company, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.2%

Shares of JPM stock opened at $297.81 on Friday. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $318.01. The firm’s 50-day simple moving average is $302.82 and its 200-day simple moving average is $278.77. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88. The firm 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.

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, beating the consensus estimate of $4.83 by $0.24. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The firm had revenue of $46.43 billion for the quarter, compared to analyst estimates of $44.42 billion. During the same quarter last year, the firm posted $4.37 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm 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 $1.50 dividend. The ex-dividend date is Monday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a yield of 2.0%. JPMorgan Chase & Co.’s payout ratio is 29.72%.

Analysts Set New Price Targets

A number of brokerages recently commented on JPM. Zacks Research cut shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Evercore ISI upped their target price on shares of JPMorgan Chase & Co. from $309.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Royal Bank Of Canada restated a “buy” rating and issued a $343.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, October 14th. Bank of America upped their target price on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Finally, Wells Fargo & Company upped their target price on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Fifteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $319.40.

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.