JPMorgan Chase & Co. $JPM is Athena Investment Management’s 4th Largest Position

Athena Investment Management decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,925 shares of the financial services provider’s stock after selling 266 shares during the quarter. JPMorgan Chase & Co. comprises 4.0% of Athena Investment Management’s holdings, making the stock its 4th biggest position. Athena Investment Management’s holdings in JPMorgan Chase & Co. were worth $7,226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Forge First Asset Management Inc. acquired a new position in JPMorgan Chase & Co. during the second quarter valued at $14,880,000. Empirical Finance LLC lifted its position in shares of JPMorgan Chase & Co. by 3.6% in the second quarter. Empirical Finance LLC now owns 104,514 shares of the financial services provider’s stock valued at $30,300,000 after acquiring an additional 3,615 shares in the last quarter. Seizert Capital Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.4% during the second quarter. Seizert Capital Partners LLC now owns 279,089 shares of the financial services provider’s stock worth $80,911,000 after buying an additional 985 shares in the last quarter. Nicholas Wealth LLC. lifted its stake in JPMorgan Chase & Co. by 0.6% in the 2nd quarter. Nicholas Wealth LLC. now owns 6,056 shares of the financial services provider’s stock worth $1,756,000 after purchasing an additional 39 shares in the last quarter. Finally, Intrepid Financial Planning Group LLC grew its holdings in JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Intrepid Financial Planning Group LLC now owns 22,351 shares of the financial services provider’s stock valued at $6,480,000 after buying an additional 82 shares in the last quarter. 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. The stock has a market cap 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. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.86. The business’s fifty day moving average price is $306.91 and its two-hundred day moving average price is $292.67. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $322.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The business had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $44.42 billion. During the same period in the previous year, the firm posted $4.37 earnings per share. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, 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 declared 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. This represents a $6.00 annualized dividend and a yield of 1.9%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 29.72%.

Analysts Set New Price Targets

JPM has been the subject of several recent analyst reports. Evercore ISI raised their target price on JPMorgan Chase & Co. from $309.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Loop Capital set a $310.00 price objective on shares of JPMorgan Chase & Co. in a research report on Thursday, October 23rd. Weiss Ratings restated a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a report on Tuesday. Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $345.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Finally, Wolfe Research upped their price objective on JPMorgan Chase & Co. from $342.00 to $346.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Fifteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $326.38.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 966 shares of JPMorgan Chase & Co. stock in a transaction 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 transaction, the insider owned 58,479 shares in the company, valued at approximately $18,240,769.68. This trade represents a 1.63% 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 the SEC website. Also, 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 sale, the director directly owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.47% of the company’s stock.

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.