Waldron Private Wealth LLC Cuts Position in JPMorgan Chase & Co. $JPM

Waldron Private Wealth LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,796 shares of the financial services provider’s stock after selling 692 shares during the period. Waldron Private Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $6,609,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Graybill Wealth Management LTD. grew its position in JPMorgan Chase & Co. by 0.8% in the second quarter. Graybill Wealth Management LTD. now owns 18,200 shares of the financial services provider’s stock worth $5,276,000 after acquiring an additional 150 shares in the last quarter. Leavell Investment Management Inc. grew its position in JPMorgan Chase & Co. by 2.0% in the second quarter. Leavell Investment Management Inc. now owns 94,921 shares of the financial services provider’s stock worth $27,519,000 after acquiring an additional 1,838 shares in the last quarter. Shaker Investments LLC OH grew its position in JPMorgan Chase & Co. by 45.6% in the second quarter. Shaker Investments LLC OH now owns 19,925 shares of the financial services provider’s stock worth $5,776,000 after acquiring an additional 6,236 shares in the last quarter. Burke & Herbert Bank & Trust Co. grew its position in JPMorgan Chase & Co. by 1.8% in the second quarter. Burke & Herbert Bank & Trust Co. now owns 16,531 shares of the financial services provider’s stock worth $4,793,000 after acquiring an additional 286 shares in the last quarter. Finally, Mason & Associates Inc grew its position in JPMorgan Chase & Co. by 1.9% in the second quarter. Mason & Associates Inc now owns 7,535 shares of the financial services provider’s stock worth $2,184,000 after acquiring an additional 137 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

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 value of $2,830,430.00. Following the completion of the sale, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wolfe Research upped their target price on shares of JPMorgan Chase & Co. from $342.00 to $346.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. KGI Securities raised their price objective on JPMorgan Chase & Co. from $300.00 to $315.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Bank of America raised their price objective on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Barclays raised their price objective on JPMorgan Chase & Co. from $330.00 to $342.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Finally, UBS Group raised their price objective on JPMorgan Chase & Co. from $339.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.38.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $309.36 on Wednesday. The company has a market cap of $850.66 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 1.84 and a beta of 1.13. The company has a 50-day moving average price of $305.42 and a 200-day moving average price of $285.96. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.83 by $0.24. The firm had revenue of $46.43 billion during 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%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.37 earnings per share. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed 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 boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date was Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 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.