Aull & Monroe Investment Management Corp Trims Stock Position in JPMorgan Chase & Co. $JPM

Aull & Monroe Investment Management Corp cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,172 shares of the financial services provider’s stock after selling 1,447 shares during the period. JPMorgan Chase & Co. makes up 2.0% of Aull & Monroe Investment Management Corp’s investment portfolio, making the stock its 16th biggest holding. Aull & Monroe Investment Management Corp’s holdings in JPMorgan Chase & Co. were worth $3,819,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Pinnacle Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 499.4% in the second quarter. Pinnacle Wealth Management LLC now owns 9,765 shares of the financial services provider’s stock valued at $2,831,000 after purchasing an additional 8,136 shares during the period. Wingate Wealth Advisors Inc. purchased a new position in JPMorgan Chase & Co. in the 2nd quarter valued at $210,000. Financial Synergies Wealth Advisors Inc. grew its position in JPMorgan Chase & Co. by 25.2% in the 2nd quarter. Financial Synergies Wealth Advisors Inc. now owns 1,252 shares of the financial services provider’s stock valued at $363,000 after buying an additional 252 shares during the last quarter. Kelman Lazarov Inc. lifted its stake in shares of JPMorgan Chase & Co. by 16.9% in the 2nd quarter. Kelman Lazarov Inc. now owns 1,257 shares of the financial services provider’s stock worth $364,000 after acquiring an additional 182 shares during the period. Finally, First Bancorp Inc ME lifted its stake in shares of JPMorgan Chase & Co. by 7.9% in the 2nd quarter. First Bancorp Inc ME now owns 5,492 shares of the financial services provider’s stock worth $1,592,000 after acquiring an additional 402 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $305.29 on Wednesday. The stock has a fifty day moving average price of $303.98 and a 200 day moving average price of $282.92. The stock has a market cap of $839.48 billion, a PE ratio of 15.12, a P/E/G ratio of 1.83 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 quick ratio of 0.88 and a current ratio of 0.86.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $44.42 billion. During the same quarter in the previous year, the company posted $4.37 EPS. The business’s revenue was up 8.8% on a year-over-year basis. Sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. This is a boost 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 payout ratio is currently 29.72%.

Insider Activity at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the 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 sale, the director directly 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on JPM. UBS Group increased their price target on shares of JPMorgan Chase & Co. from $339.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Dbs Bank upgraded JPMorgan Chase & Co. to a “hold” rating in a research report on Tuesday, October 21st. HSBC restated a “reduce” rating and issued a $259.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Cowen restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. Finally, Zacks Research raised JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Two equities research 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 issued a Sell rating to the stock. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average price target of $322.27.

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.