AAF Wealth Management LLC Reduces Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

AAF Wealth Management LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 22.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,387 shares of the financial services provider’s stock after selling 399 shares during the period. AAF Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $202,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cantor Fitzgerald Investment Advisor L.P boosted its position in shares of JPMorgan Chase & Co. by 81.1% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after buying an additional 99,636 shares during the period. BCK Partners Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $2,455,000. LSV Asset Management boosted its holdings in JPMorgan Chase & Co. by 35.6% during the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after acquiring an additional 9,800 shares during the period. Wsfs Capital Management LLC grew its position in JPMorgan Chase & Co. by 70.8% in the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after acquiring an additional 1,749 shares during the last quarter. Finally, Lumature Wealth Partners LLC grew its position in JPMorgan Chase & Co. by 1,451.4% in the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 3,527 shares during the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Insider Activity

In related news, General Counsel Stacey Friedman sold 4,310 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $144.86, for a total value of $624,346.60. Following the completion of the sale, the general counsel now owns 53,425 shares of the company’s stock, valued at approximately $7,739,145.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. HSBC assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, September 7th. They set a “hold” rating and a $159.00 target price for the company. Oppenheimer boosted their price objective on shares of JPMorgan Chase & Co. from $233.00 to $243.00 and gave the company an “outperform” rating in a research report on Thursday, November 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $158.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday, September 8th. Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $158.00 to $167.00 in a research note on Thursday, October 5th. Finally, BMO Capital Markets increased their price objective on JPMorgan Chase & Co. from $167.00 to $171.00 and gave the stock a “market perform” rating in a research note on Monday, October 16th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $168.80.

JPMorgan Chase & Co. Trading Up 0.3 %

JPMorgan Chase & Co. stock opened at $153.29 on Tuesday. The firm has a market cap of $443.16 billion, a PE ratio of 9.15, a P/E/G ratio of 1.80 and a beta of 1.12. JPMorgan Chase & Co. has a 12 month low of $123.11 and a 12 month high of $159.38. The stock’s 50 day simple moving average is $145.23 and its two-hundred day simple moving average is $145.34. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, October 13th. The financial services provider reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $3.95 by $0.38. JPMorgan Chase & Co. had a net margin of 22.79% and a return on equity of 17.97%. The business had revenue of $40.69 billion during the quarter, compared to the consensus estimate of $39.63 billion. During the same quarter in the prior year, the firm posted $3.12 earnings per share. The company’s revenue was up 24.4% compared to the same quarter last year. Analysts anticipate that JPMorgan Chase & Co. will post 16.67 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 2.74%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. The ex-dividend date was Thursday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.07%.

JPMorgan Chase & Co. Profile

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, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.