JPMorgan Chase & Co. $JPM Shares Purchased by Consilio Wealth Advisors LLC

Consilio Wealth Advisors LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,941 shares of the financial services provider’s stock after acquiring an additional 203 shares during the quarter. JPMorgan Chase & Co. makes up 0.4% of Consilio Wealth Advisors LLC’s portfolio, making the stock its 28th biggest position. Consilio Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in JPM. Brighton Jones LLC boosted its stake in JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after acquiring an additional 4,841 shares during the last quarter. Ironwood Wealth Management LLC. boosted its stake in JPMorgan Chase & Co. by 0.7% during the 1st quarter. Ironwood Wealth Management LLC. now owns 15,400 shares of the financial services provider’s stock valued at $3,778,000 after acquiring an additional 107 shares during the last quarter. Acorns Advisers LLC boosted its stake in JPMorgan Chase & Co. by 6.9% during the 1st quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 100 shares during the last quarter. Hi Line Capital Management LLC boosted its stake in JPMorgan Chase & Co. by 2.2% during the 1st quarter. Hi Line Capital Management LLC now owns 28,531 shares of the financial services provider’s stock valued at $6,999,000 after acquiring an additional 601 shares during the last quarter. Finally, Navis Wealth Advisors LLC boosted its stake in JPMorgan Chase & Co. by 94.2% during the 1st quarter. Navis Wealth Advisors LLC now owns 4,652 shares of the financial services provider’s stock valued at $1,141,000 after acquiring an additional 2,256 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of recent research reports. Dbs Bank upgraded shares of JPMorgan Chase & Co. to a “hold” rating in a research report on Tuesday, October 21st. Morgan Stanley raised their price target on shares of JPMorgan Chase & Co. from $336.00 to $338.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 15th. Royal Bank Of Canada restated a “buy” rating and issued a $343.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 14th. DZ Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 15th. Finally, TD Cowen boosted their price objective on JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $322.27.

JPMorgan Chase & Co. Trading Up 1.9%

Shares of NYSE:JPM opened at $300.27 on Monday. The company has a market cap of $825.66 billion, a PE ratio of 14.87, a P/E/G ratio of 1.81 and a beta of 1.13. The company’s 50-day moving average price is $303.43 and its 200 day moving average price is $281.89. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $318.01. 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 issued its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, beating the consensus estimate 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 net margin of 20.90% and a return on equity of 17.18%. JPMorgan Chase & Co.’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $4.37 EPS. Sell-side analysts anticipate 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. Shareholders of record on Monday, October 6th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s dividend payout ratio is 29.72%.

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 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 approximately $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 at this hyperlink. Insiders own 0.47% of the company’s stock.

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.