IFG Advisors LLC Acquires 49 Shares of JPMorgan Chase & Co. $JPM

IFG Advisors LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,525 shares of the financial services provider’s stock after purchasing an additional 49 shares during the quarter. JPMorgan Chase & Co. comprises 0.4% of IFG Advisors LLC’s holdings, making the stock its 29th largest holding. IFG Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,472,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of JPM. Kingstone Capital Partners Texas LLC boosted its position in shares of JPMorgan Chase & Co. by 609,867.5% during 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 buying an additional 72,885,260 shares during the last quarter. Nuveen LLC purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at $3,972,807,000. Montrusco Bolton Investments Inc. purchased a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $485,802,000. National Bank of Canada FI lifted its position in shares of JPMorgan Chase & Co. by 44.4% during the 1st 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 buying an additional 1,388,992 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at $279,389,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $300.27 on Friday. The company has a market cap of $825.66 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 1.81 and a beta of 1.13. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $318.01. 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 stock’s fifty day moving average price is $303.43 and its 200-day moving average price is $281.56.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. The firm had revenue of $46.43 billion for the quarter, compared to the consensus estimate of $44.42 billion. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the business posted $4.37 EPS. On average, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.0%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date is Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.72%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on JPM shares. Cowen reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. Daiwa Capital Markets increased their target price on JPMorgan Chase & Co. from $330.00 to $332.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price objective on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock a “hold” rating in a report on Tuesday, September 30th. Bank of America increased 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. Finally, Keefe, Bruyette & Woods increased their target price on JPMorgan Chase & Co. from $330.00 to $354.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $322.27.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the sale, the director directly owned 82,207 shares of the company’s stock, valued at $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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.