700 Shares in JPMorgan Chase & Co. $JPM Purchased by Forte Asset Management LLC

Forte Asset Management LLC acquired a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 700 shares of the financial services provider’s stock, valued at approximately $203,000.

Other large investors also recently bought and sold shares of the company. Conservest Capital Advisors Inc. increased its holdings in shares of JPMorgan Chase & Co. by 12.0% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 1,045 shares of the financial services provider’s stock valued at $303,000 after acquiring an additional 112 shares during the last quarter. Interchange Capital Partners LLC boosted its holdings in JPMorgan Chase & Co. by 2.5% in the second quarter. Interchange Capital Partners LLC now owns 14,299 shares of the financial services provider’s stock worth $4,145,000 after purchasing an additional 350 shares during the period. Brighton Jones LLC increased its stake in JPMorgan Chase & Co. by 1.3% during the second quarter. Brighton Jones LLC now owns 51,570 shares of the financial services provider’s stock valued at $14,951,000 after purchasing an additional 650 shares during the last quarter. Graybill Wealth Management LTD. raised its holdings in shares of JPMorgan Chase & Co. by 0.8% during the second quarter. Graybill Wealth Management LTD. now owns 18,200 shares of the financial services provider’s stock worth $5,276,000 after purchasing an additional 150 shares during the period. Finally, Leavell Investment Management Inc. lifted its position in shares of JPMorgan Chase & Co. by 2.0% in the 2nd quarter. Leavell Investment Management Inc. now owns 94,921 shares of the financial services provider’s stock worth $27,519,000 after buying an additional 1,838 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of the transaction, the director owned 82,207 shares of the company’s stock, 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 through the SEC website. 0.47% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Trading Up 0.8%

Shares of NYSE:JPM opened at $311.85 on Thursday. The company has a 50 day moving average of $305.66 and a 200-day moving average of $286.14. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The firm has a market cap of $857.51 billion, a P/E ratio of 15.45, a P/E/G ratio of 1.84 and a beta of 1.13. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.83 by $0.24. The firm 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 firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.37 earnings per share. As a group, analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 6th were paid a $1.50 dividend. The ex-dividend date of this dividend was Monday, October 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.72%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wolfe Research boosted their price objective on shares of JPMorgan Chase & Co. from $342.00 to $346.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Wells Fargo & Company upped their target price on JPMorgan Chase & Co. from $345.00 to $350.00 and gave the company an “overweight” rating in a report on Monday. TD Cowen raised their price target on JPMorgan Chase & Co. from $350.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Morgan Stanley upped their price objective on JPMorgan Chase & Co. from $336.00 to $338.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 15th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $366.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 14th. Two research 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 company. According to MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average price target of $326.38.

JPMorgan Chase & Co. 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.