Balentine LLC Has $754,000 Stock Position in JPMorgan Chase & Co. $JPM

Balentine LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 8.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,601 shares of the financial services provider’s stock after acquiring an additional 196 shares during the period. Balentine LLC’s holdings in JPMorgan Chase & Co. were worth $754,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Hutchinson Financial Advisors INC purchased a new position in JPMorgan Chase & Co. during the 2nd quarter valued at about $1,551,000. Syverson Strege & Co lifted its position in shares of JPMorgan Chase & Co. by 212.7% in the second quarter. Syverson Strege & Co now owns 6,301 shares of the financial services provider’s stock worth $1,827,000 after purchasing an additional 4,286 shares in the last quarter. Roble Belko & Company Inc boosted its holdings in shares of JPMorgan Chase & Co. by 6.8% during the second quarter. Roble Belko & Company Inc now owns 2,490 shares of the financial services provider’s stock worth $722,000 after purchasing an additional 158 shares during the period. Great Lakes Retirement Inc. grew its position in JPMorgan Chase & Co. by 1.2% during the second quarter. Great Lakes Retirement Inc. now owns 28,611 shares of the financial services provider’s stock valued at $8,295,000 after purchasing an additional 352 shares in the last quarter. Finally, Leeward Financial Partners LLC grew its position in JPMorgan Chase & Co. by 97.7% during the second quarter. Leeward Financial Partners LLC now owns 1,819 shares of the financial services provider’s stock valued at $527,000 after purchasing an additional 899 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Up 0.8%

Shares of NYSE:JPM opened at $316.69 on Tuesday. 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 stock has a market capitalization of $862.11 billion, a PE ratio of 15.69, a P/E/G ratio of 1.84 and a beta of 1.14. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $319.56. The firm has a fifty day moving average price of $306.48 and a 200 day moving average price of $288.11.

JPMorgan Chase & Co. (NYSE:JPM) last announced 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 company had revenue of $46.43 billion during 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 business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.37 earnings per share. Analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, October 6th were issued 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 presently 29.72%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the stock in a transaction that occurred on 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 transaction, the director 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 document filed with the SEC, which is available at the SEC website. Also, insider Robin Leopold sold 966 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $311.92, for a total transaction of $301,314.72. Following the completion of 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 SEC filing for this sale provides additional information. 0.47% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $330.00 to $354.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $366.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 14th. Wolfe Research increased their price objective on JPMorgan Chase & Co. from $342.00 to $346.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Barclays lifted their price objective on JPMorgan Chase & Co. from $330.00 to $342.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Finally, UBS Group boosted their target price 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. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $326.38.

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.