Brown Wealth Management LLC Has $813,000 Stake in JPMorgan Chase & Co. $JPM

Brown Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 18.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,806 shares of the financial services provider’s stock after purchasing an additional 446 shares during the quarter. Brown Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $813,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. FineMark National Bank & Trust boosted its stake in JPMorgan Chase & Co. by 33.4% during the 2nd quarter. FineMark National Bank & Trust now owns 192,827 shares of the financial services provider’s stock valued at $55,902,000 after purchasing an additional 48,314 shares during the last quarter. Copperleaf Capital LLC grew its position in shares of JPMorgan Chase & Co. by 13.6% during the 2nd quarter. Copperleaf Capital LLC now owns 5,553 shares of the financial services provider’s stock valued at $1,610,000 after acquiring an additional 664 shares during the period. Stonebrook Private Inc. increased its holdings in JPMorgan Chase & Co. by 1.0% in the 2nd quarter. Stonebrook Private Inc. now owns 32,870 shares of the financial services provider’s stock worth $9,470,000 after acquiring an additional 315 shares during the last quarter. Traub Capital Management LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at approximately $204,000. Finally, Highview Capital Management LLC DE boosted its holdings in shares of JPMorgan Chase & Co. by 2.2% in the second quarter. Highview Capital Management LLC DE now owns 13,601 shares of the financial services provider’s stock worth $3,943,000 after acquiring an additional 295 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $308.09 on Friday. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $322.25. The firm’s 50 day moving average price is $306.91 and its 200-day moving average price is $292.67. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $838.71 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 1.84 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data 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 firm had revenue of $47.12 billion during the quarter, compared to analyst estimates of $44.42 billion. During the same period in the prior year, the business posted $4.37 EPS. JPMorgan Chase & Co.’s revenue was up 8.8% on a year-over-year basis. Equities research 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 paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, October 6th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 29.72%.

Insider Buying and Selling at JPMorgan Chase & Co.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on JPM shares. Keefe, Bruyette & Woods increased their price objective on 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 restated a “buy” rating and set a $366.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, October 14th. UBS Group increased their target price on shares of JPMorgan Chase & Co. from $339.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. TD Cowen lifted their target price on shares of JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Finally, Barclays raised 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. Fifteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus price target of $326.38.

JPMorgan Chase & Co. Company 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.