JPMorgan Chase & Co. $JPM Shares Purchased by Capstone Financial Advisors Inc.

Capstone Financial Advisors Inc. boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,209 shares of the financial services provider’s stock after buying an additional 233 shares during the period. JPMorgan Chase & Co. makes up about 0.9% of Capstone Financial Advisors Inc.’s holdings, making the stock its 17th biggest position. Capstone Financial Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $16,006,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after buying an additional 4,841 shares during the period. Acorns Advisers LLC lifted its holdings in JPMorgan Chase & Co. by 6.9% in the first quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 100 shares during the period. J.W. Cole Advisors Inc. boosted its position in shares of JPMorgan Chase & Co. by 62.7% during the 1st quarter. J.W. Cole Advisors Inc. now owns 93,952 shares of the financial services provider’s stock worth $23,046,000 after purchasing an additional 36,212 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of JPMorgan Chase & Co. by 0.6% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 460,170 shares of the financial services provider’s stock worth $112,879,000 after purchasing an additional 2,867 shares during the period. Finally, Blue Bell Private Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 7.2% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 2,781 shares of the financial services provider’s stock valued at $682,000 after purchasing an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Activity

In other news, insider Robin Leopold sold 966 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Linda Bammann sold 9,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the transaction, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. The trade was a 10.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the topic of a number of research analyst reports. Daiwa Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. from $330.00 to $332.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $309.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. UBS Group boosted their price target on JPMorgan Chase & Co. from $339.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday. Finally, TD Cowen boosted their target price on JPMorgan Chase & Co. from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Fifteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $326.38.

JPMorgan Chase & Co. Trading Down 0.2%

Shares of JPM opened at $297.82 on Monday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $322.25. The stock has a market cap of $810.74 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 1.84 and a beta of 1.14. The firm has a 50 day simple moving average of $307.43 and a 200-day simple moving average of $291.79.

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, beating analysts’ consensus estimates of $4.83 by $0.24. The firm had revenue of $47.12 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%.JPMorgan Chase & Co.’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.37 EPS. Equities analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, October 6th were given a dividend of $1.50 per share. The ex-dividend date was Monday, October 6th. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. 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.