JPMorgan Chase & Co. $JPM Shares Purchased by Welch Group LLC

Welch Group LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 285,533 shares of the financial services provider’s stock after purchasing an additional 1,386 shares during the quarter. JPMorgan Chase & Co. accounts for about 3.5% of Welch Group LLC’s investment portfolio, making the stock its 3rd largest holding. Welch Group LLC’s holdings in JPMorgan Chase & Co. were worth $82,779,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of JPM. Kingstone Capital Partners Texas LLC grew its position in JPMorgan Chase & Co. by 609,867.5% in the second quarter. Kingstone Capital Partners Texas LLC now owns 72,897,211 shares of the financial services provider’s stock valued at $21,133,630,000 after acquiring an additional 72,885,260 shares in the last quarter. Nuveen LLC acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at approximately $3,972,807,000. National Bank of Canada FI grew its position in JPMorgan Chase & Co. by 44.4% in the first quarter. National Bank of Canada FI now owns 4,518,740 shares of the financial services provider’s stock valued at $1,108,415,000 after acquiring an additional 1,388,992 shares in the last quarter. Strs Ohio acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at approximately $279,389,000. Finally, Alecta Tjanstepension Omsesidigt acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at approximately $278,493,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity

In other news, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $343.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 14th. UBS Group raised their price target on shares of JPMorgan Chase & Co. from $339.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. DZ Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 15th. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 price target for the company. in a research report on Friday, June 27th. Finally, Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Friday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $322.86.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $293.83 on Thursday. The company has a market cap of $807.96 billion, a PE ratio of 14.55, a P/E/G ratio of 1.79 and a beta of 1.13. The company has a fifty day moving average price of $303.23 and a two-hundred day moving average price of $279.98. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $44.42 billion. During the same period last year, the business posted $4.37 earnings per share. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. Research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

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

About JPMorgan Chase & Co.

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.