Everest Management Corp. Boosts Stock Holdings in JPMorgan Chase & Co. $JPM

Everest Management Corp. lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 12.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,639 shares of the financial services provider’s stock after purchasing an additional 175 shares during the period. Everest Management Corp.’s holdings in JPMorgan Chase & Co. were worth $475,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of JPM. Brighton Jones LLC grew its stake in shares of JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after purchasing an additional 4,841 shares in the last quarter. Acorns Advisers LLC boosted its position in shares of JPMorgan Chase & Co. by 6.9% during the 1st quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 100 shares in the last quarter. J Hagan Capital Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $347,000. Abound Financial LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth about $108,000. Finally, Interchange Capital Partners LLC lifted its stake in JPMorgan Chase & Co. by 22.6% during the first quarter. Interchange Capital Partners LLC now owns 13,949 shares of the financial services provider’s stock worth $3,422,000 after purchasing an additional 2,570 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.8%

Shares of JPM stock opened at $316.69 on Tuesday. The company has a market capitalization of $862.11 billion, a P/E ratio of 15.69, a price-to-earnings-growth 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. The business’s 50 day moving average is $306.48 and its two-hundred day moving average is $288.11. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $319.56.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly 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. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The business had revenue of $46.43 billion during the quarter, compared to analysts’ expectations of $44.42 billion. During the same quarter in the prior year, the business earned $4.37 earnings per share. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 6th were paid a $1.50 dividend. This is a boost 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 dividend yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.72%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Cowen restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $330.00 to $342.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Morgan Stanley lifted their target price on JPMorgan Chase & Co. from $336.00 to $338.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 15th. Zacks Research raised JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Finally, Weiss Ratings downgraded JPMorgan Chase & Co. from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $326.38.

Insider Activity

In other news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. 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 owned 82,207 shares of the company’s stock, valued at $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robin Leopold sold 966 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $311.92, for a total transaction of $301,314.72. Following the transaction, the insider directly owned 58,479 shares of the company’s stock, valued at $18,240,769.68. This represents a 1.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.47% of the stock is owned by insiders.

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.