JPMorgan Chase & Co. $JPM Shares Purchased by Wealth Advisors Northwest LLC

Wealth Advisors Northwest LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 5.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,052 shares of the financial services provider’s stock after purchasing an additional 104 shares during the quarter. Wealth Advisors Northwest LLC’s holdings in JPMorgan Chase & Co. were worth $595,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Copperwynd Financial LLC boosted its holdings in JPMorgan Chase & Co. by 1.3% in the second quarter. Copperwynd Financial LLC now owns 5,060 shares of the financial services provider’s stock valued at $1,467,000 after purchasing an additional 64 shares in the last quarter. Armstrong Fleming & Moore Inc boosted its holdings in JPMorgan Chase & Co. by 105.5% in the second quarter. Armstrong Fleming & Moore Inc now owns 10,417 shares of the financial services provider’s stock valued at $3,020,000 after purchasing an additional 5,348 shares in the last quarter. Mullooly Asset Management Inc. boosted its holdings in JPMorgan Chase & Co. by 1.2% in the second quarter. Mullooly Asset Management Inc. now owns 3,321 shares of the financial services provider’s stock valued at $963,000 after purchasing an additional 38 shares in the last quarter. Tectonic Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 1.7% in the second quarter. Tectonic Advisors LLC now owns 5,387 shares of the financial services provider’s stock valued at $1,562,000 after purchasing an additional 88 shares in the last quarter. Finally, Fulton Breakefield Broenniman LLC boosted its holdings in shares of JPMorgan Chase & Co. by 3.3% in the second quarter. Fulton Breakefield Broenniman LLC now owns 55,388 shares of the financial services provider’s stock valued at $16,057,000 after acquiring an additional 1,752 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Down 0.2%

JPM stock opened at $297.81 on Friday. The company’s 50 day simple moving average is $302.82 and its 200-day simple moving average is $278.54. The firm has a market capitalization of $818.91 billion, a PE ratio of 14.75, a P/E/G ratio of 1.81 and a beta of 1.13. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $318.01. 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. (NYSE:JPM) last posted its quarterly earnings data 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. The firm had revenue of $46.43 billion during 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%.The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $4.37 EPS. Equities analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be given a dividend of $1.50 per share. The ex-dividend date is 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%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was 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 approximately $24,492,753.58. This trade represents a 10.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

JPM has been the subject of several research analyst reports. DZ Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Wednesday. Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Phillip Securities downgraded JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 16th. Bank of America increased their price objective on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a “hold” rating in a report on Tuesday, September 30th. Fifteen research 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $319.40.

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.