Analyst IMS Investment Management Services Ltd. Has $4.90 Million Stock Holdings in JPMorgan Chase & Co. $JPM

Analyst IMS Investment Management Services Ltd. lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,885 shares of the financial services provider’s stock after buying an additional 447 shares during the quarter. Analyst IMS Investment Management Services Ltd.’s holdings in JPMorgan Chase & Co. were worth $4,895,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Kingstone Capital Partners Texas LLC raised its position in shares of JPMorgan Chase & Co. by 609,867.5% in 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 buying an additional 72,885,260 shares in the last quarter. Nuveen LLC bought a new position in JPMorgan Chase & Co. during the 1st quarter worth $3,972,807,000. Montrusco Bolton Investments Inc. acquired a new position in JPMorgan Chase & Co. in the 2nd quarter valued at $485,802,000. International Assets Investment Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $458,104,000. Finally, National Bank of Canada FI lifted its position in shares of 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 during the period. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 966 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $311.92, for a total value of $301,314.72. Following the sale, the insider owned 58,479 shares of the company’s stock, valued at $18,240,769.68. The trade was a 1.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Linda Bammann sold 9,500 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.47% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on JPM. Cowen restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. KGI Securities increased their price objective on shares of JPMorgan Chase & Co. from $300.00 to $315.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Loop Capital set a $310.00 target price on shares of JPMorgan Chase & Co. in a research report on Thursday, October 23rd. Barclays upped their price target on shares of JPMorgan Chase & Co. from $330.00 to $342.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Finally, Phillip Securities cut shares of JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 16th. Two equities 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $326.38.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $314.30 on Friday. The stock has a 50-day moving average price of $306.18 and a two-hundred day moving average price of $286.92. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $318.01. The company has a market capitalization of $864.26 billion, a PE ratio of 15.57, a P/E/G ratio of 1.84 and a beta of 1.14. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

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 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 company had revenue of $46.43 billion for the quarter, compared to analysts’ expectations of $44.42 billion. During the same period in the previous year, the business posted $4.37 earnings per share. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. Analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 6th were given a $1.50 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date was Monday, October 6th. This represents a $6.00 annualized dividend and a yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.72%.

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.