JGP Wealth Management LLC Has $14.85 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

JGP Wealth Management LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,085 shares of the financial services provider’s stock after buying an additional 702 shares during the quarter. JPMorgan Chase & Co. comprises about 2.4% of JGP Wealth Management LLC’s holdings, making the stock its 5th largest position. JGP Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $14,847,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. JSF Financial LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.6% in the second quarter. JSF Financial LLC now owns 10,680 shares of the financial services provider’s stock worth $1,553,000 after buying an additional 65 shares during the last quarter. Red Wave Investments LLC boosted its position in shares of JPMorgan Chase & Co. by 1.4% in the second quarter. Red Wave Investments LLC now owns 4,719 shares of the financial services provider’s stock worth $686,000 after purchasing an additional 65 shares during the period. Riverview Capital Advisers LLC raised its position in shares of JPMorgan Chase & Co. by 4.2% during the 2nd quarter. Riverview Capital Advisers LLC now owns 1,654 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 66 shares during the period. Keystone Wealth Services LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.6% during the 2nd quarter. Keystone Wealth Services LLC now owns 4,129 shares of the financial services provider’s stock valued at $601,000 after buying an additional 67 shares in the last quarter. Finally, Carmel Capital Partners LLC boosted its holdings in JPMorgan Chase & Co. by 2.8% in the 2nd quarter. Carmel Capital Partners LLC now owns 2,434 shares of the financial services provider’s stock worth $354,000 after buying an additional 67 shares during the period. Hedge funds and other institutional investors own 68.94% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.3 %

NYSE:JPM opened at $153.29 on Tuesday. The firm has a 50 day moving average of $145.23 and a 200 day moving average of $145.34. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 52 week low of $123.11 and a 52 week high of $159.38. The stock has a market capitalization of $443.16 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 1.80 and a beta of 1.12.

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

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were paid a $1.05 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. The ex-dividend date was Thursday, October 5th. This represents a $4.20 dividend on an annualized basis and a yield of 2.74%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.07%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 4,310 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total transaction 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 $7,739,145.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on JPM. Morgan Stanley lifted their target price on JPMorgan Chase & Co. from $187.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 16th. Oppenheimer raised their price objective on JPMorgan Chase & Co. from $233.00 to $243.00 and gave the company an “outperform” rating in a research report on Thursday, November 16th. Atlantic Securities lifted their price objective on JPMorgan Chase & Co. from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 1st. Evercore ISI increased their price objective on shares of JPMorgan Chase & Co. from $158.00 to $167.00 in a research report on Thursday, October 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $158.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, September 8th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $168.80.

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.