JPMorgan Chase & Co. $JPM Shares Sold by NORTHSTAR ASSET MANAGEMENT Co

NORTHSTAR ASSET MANAGEMENT Co decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,325 shares of the financial services provider’s stock after selling 240 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.9% of NORTHSTAR ASSET MANAGEMENT Co’s portfolio, making the stock its 27th biggest holding. NORTHSTAR ASSET MANAGEMENT Co’s holdings in JPMorgan Chase & Co. were worth $3,863,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Glass Jacobson Investment Advisors llc increased its holdings in shares of JPMorgan Chase & Co. by 341.4% in the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 980 shares of the financial services provider’s stock valued at $284,000 after acquiring an additional 758 shares during the period. Sage Mountain Advisors LLC increased its stake in JPMorgan Chase & Co. by 3.9% in the second quarter. Sage Mountain Advisors LLC now owns 50,896 shares of the financial services provider’s stock valued at $14,755,000 after purchasing an additional 1,916 shares during the period. Moment Partners LLC increased its stake in JPMorgan Chase & Co. by 0.5% in the second quarter. Moment Partners LLC now owns 7,787 shares of the financial services provider’s stock valued at $2,258,000 after purchasing an additional 42 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in JPMorgan Chase & Co. by 0.8% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,777,996 shares of the financial services provider’s stock valued at $1,965,009,000 after purchasing an additional 56,033 shares during the period. Finally, West Michigan Advisors LLC increased its position in JPMorgan Chase & Co. by 1.7% in the 2nd quarter. West Michigan Advisors LLC now owns 22,980 shares of the financial services provider’s stock valued at $6,662,000 after acquiring an additional 389 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JPM has been the topic of several recent research reports. Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $330.00 to $354.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Hsbc Global Res lowered JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 8th. Barclays boosted their target price on JPMorgan Chase & Co. from $330.00 to $342.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Finally, Daiwa Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. from $330.00 to $332.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Two 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $322.50.

Insiders Place Their Bets

In related news, Director Linda Bammann sold 9,500 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPM opened at $309.19 on Tuesday. The stock has a market cap of $850.18 billion, a P/E ratio of 15.31, a P/E/G ratio of 1.84 and a beta of 1.13. 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 50 day simple moving average is $305.20 and its 200 day simple moving average is $285.41. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $318.01.

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 for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. The business had revenue of $46.43 billion for the quarter, compared to analysts’ expectations 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 was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.37 EPS. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 6th were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.9%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 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.