JPMorgan Chase & Co. $JPM Stock Holdings Boosted by Alteri Wealth LLC

Alteri Wealth LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 15,280 shares of the financial services provider’s stock after acquiring an additional 428 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.7% of Alteri Wealth LLC’s portfolio, making the stock its 9th biggest holding. Alteri Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $4,430,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in shares of JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after purchasing an additional 4,841 shares in the last quarter. Acorns Advisers LLC increased its holdings in JPMorgan Chase & Co. by 6.9% in the 1st quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 100 shares during the last quarter. Advisor OS LLC grew its position in JPMorgan Chase & Co. by 5.0% in the 1st quarter. Advisor OS LLC now owns 20,205 shares of the financial services provider’s stock valued at $4,956,000 after acquiring an additional 956 shares in the last quarter. Journey Strategic Wealth LLC lifted its holdings in JPMorgan Chase & Co. by 29.3% during the 1st quarter. Journey Strategic Wealth LLC now owns 26,879 shares of the financial services provider’s stock worth $6,594,000 after buying an additional 6,089 shares in the last quarter. Finally, Lifeworks Advisors LLC grew its stake in JPMorgan Chase & Co. by 4.0% during the 1st quarter. Lifeworks Advisors LLC now owns 4,218 shares of the financial services provider’s stock worth $1,035,000 after purchasing an additional 163 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

JPM opened at $308.09 on Friday. The company has a 50 day moving average of $306.91 and a two-hundred day moving average of $292.67. The company has a market cap of $838.71 billion, a P/E ratio of 15.26, a P/E/G ratio of 1.84 and a beta of 1.14. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $322.25. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.26.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share 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 company had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $44.42 billion. During the same quarter in the prior year, the business earned $4.37 earnings per share. The company’s revenue was up 8.8% compared to the same quarter last year. On average, analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 6th were paid a dividend of $1.50 per share. 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 dividend on an annualized basis and a yield of 1.9%. JPMorgan Chase & Co.’s payout ratio is 29.72%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Zacks Research downgraded JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. UBS Group increased their price target on JPMorgan Chase & Co. from $339.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Wall Street Zen raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. TD Cowen lifted their price target on shares of JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Finally, Wolfe Research upped their price target on shares of JPMorgan Chase & Co. from $342.00 to $346.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $326.38.

Insiders Place Their Bets

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 value of $2,830,430.00. Following the sale, the director directly owned 82,207 shares of the company’s stock, valued at $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robin Leopold sold 966 shares of JPMorgan Chase & Co. stock in a transaction dated 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 transaction, the insider owned 58,479 shares of the company’s stock, valued at $18,240,769.68. This trade represents a 1.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.47% of the stock is currently owned by insiders.

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.