Total Investment Management Inc. Acquires 254 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Total Investment Management Inc. lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,192 shares of the financial services provider’s stock after purchasing an additional 254 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 0.1% of Total Investment Management Inc.’s portfolio, making the stock its 25th largest position. Total Investment Management Inc.’s holdings in JPMorgan Chase & Co. were worth $300,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Domani Wealth LLC increased its holdings in shares of JPMorgan Chase & Co. by 2.1% in the first quarter. Domani Wealth LLC now owns 5,152 shares of the financial services provider’s stock worth $464,000 after buying an additional 105 shares during the period. Bay Harbor Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 18.3% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 692 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 107 shares during the period. Emerald Advisers LLC increased its stake in JPMorgan Chase & Co. by 2.3% in the 1st quarter. Emerald Advisers LLC now owns 4,907 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 108 shares during the period. Spotlight Asset Group Inc. lifted its position in JPMorgan Chase & Co. by 2.5% in the second quarter. Spotlight Asset Group Inc. now owns 4,453 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 108 shares during the last quarter. Finally, First National Bank Sioux Falls boosted its stake in shares of JPMorgan Chase & Co. by 1.5% during the second quarter. First National Bank Sioux Falls now owns 7,567 shares of the financial services provider’s stock valued at $711,000 after purchasing an additional 114 shares during the period. Institutional investors own 71.35% of the company’s stock.

Shares of JPM opened at $96.64 on Friday. The company has a market capitalization of $294.46 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 3.24 and a beta of 1.19. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.35. The firm has a 50 day moving average of $96.77 and a 200 day moving average of $105.48. JPMorgan Chase & Co. has a twelve month low of $76.91 and a twelve month high of $141.10.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, July 14th. The financial services provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.34 by $0.04. The business had revenue of $32.98 billion for the quarter, compared to the consensus estimate of $30.23 billion. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The company’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the business posted $2.82 EPS. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 5.96 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Monday, July 6th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.60 annualized dividend and a dividend yield of 3.73%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.

In related news, CEO Mary E. Erdoes sold 24,554 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, July 15th. The stock was sold at an average price of $99.52, for a total value of $2,443,614.08. Company insiders own 0.78% of the company’s stock.

Several research analysts recently commented on JPM shares. TheStreet downgraded shares of JPMorgan Chase & Co. from a “b-” rating to a “c” rating in a research note on Monday, May 11th. BMO Capital Markets upped their price objective on shares of JPMorgan Chase & Co. from $108.00 to $119.00 in a research note on Wednesday, July 15th. Morgan Stanley reissued a “buy” rating and issued a $106.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 27th. Berenberg Bank boosted their price target on JPMorgan Chase & Co. from $77.00 to $80.00 and gave the company a “sell” rating in a report on Monday, July 20th. Finally, Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 price objective for the company in a report on Thursday, July 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $110.89.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

See Also: Capital Gains

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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