JPMorgan Chase & Co. $JPM is Bell & Brown Wealth Advisors LLC’s 6th Largest Position

Bell & Brown Wealth Advisors LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,983 shares of the financial services provider’s stock after buying an additional 52 shares during the quarter. JPMorgan Chase & Co. accounts for 3.5% of Bell & Brown Wealth Advisors LLC’s holdings, making the stock its 6th largest holding. Bell & Brown Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $9,853,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in JPM. Kingstone Capital Partners Texas LLC boosted its stake 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 purchasing an additional 72,885,260 shares in the last quarter. Nuveen LLC bought a new position in JPMorgan Chase & Co. in the first quarter worth approximately $3,972,807,000. Montrusco Bolton Investments Inc. purchased a new stake in JPMorgan Chase & Co. during the second quarter worth $485,802,000. National Bank of Canada FI boosted its position in 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 acquiring an additional 1,388,992 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at $279,389,000. Institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on JPM. Cowen restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. Zacks Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Loop Capital set a $310.00 price objective on shares of JPMorgan Chase & Co. in a research report on Thursday. Weiss Ratings upgraded shares of JPMorgan Chase & Co. from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Saturday. Finally, Wolfe Research raised their target price on shares of JPMorgan Chase & Co. from $342.00 to $346.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $322.27.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $304.05 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.86. The stock has a 50-day moving average of $303.68 and a two-hundred day moving average of $282.38. The stock has a market cap of $836.06 billion, a P/E ratio of 15.06, a P/E/G ratio of 1.81 and a beta of 1.13. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share 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 business had revenue of $46.43 billion for the quarter, compared to analyst estimates of $44.42 billion. During the same period in the prior year, the company earned $4.37 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. As a group, research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed 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 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 (DPR) is presently 29.72%.

Insider Activity at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the stock in a transaction 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 sale, the director owned 82,207 shares in the company, valued at $24,492,753.58. This 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 owned by company insiders.

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.