Bokf Na Increases Position in JPMorgan Chase & Co. (NYSE:JPM)

Bokf Na grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 16.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 303,709 shares of the financial services provider’s stock after buying an additional 42,316 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.1% of Bokf Na’s portfolio, making the stock its 11th largest position. Bokf Na’s holdings in JPMorgan Chase & Co. were worth $60,420,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blackston Financial Advisory Group LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth $401,000. Hunter Perkins Capital Management LLC boosted its stake in JPMorgan Chase & Co. by 7.5% during the 4th quarter. Hunter Perkins Capital Management LLC now owns 26,592 shares of the financial services provider’s stock valued at $4,523,000 after purchasing an additional 1,856 shares during the period. Well Done LLC boosted its stake in JPMorgan Chase & Co. by 16.5% during the 4th quarter. Well Done LLC now owns 13,042 shares of the financial services provider’s stock valued at $2,218,000 after purchasing an additional 1,848 shares during the period. Elk River Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.5% in the 4th quarter. Elk River Wealth Management LLC now owns 49,126 shares of the financial services provider’s stock worth $8,356,000 after acquiring an additional 264 shares during the period. Finally, Hill Island Financial LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $294,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

JPM traded up $3.57 on Friday, hitting $212.24. 8,027,787 shares of the stock were exchanged, compared to its average volume of 9,013,996. The firm has a market capitalization of $609.48 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 2.49 and a beta of 1.12. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $217.56. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92. The business has a 50-day moving average of $202.39 and a two-hundred day moving average of $191.75.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The business had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same quarter in the previous year, the business posted $4.37 EPS. Sell-side analysts forecast that JPMorgan Chase & Co. will post 16.67 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.66%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Evercore ISI boosted their target price on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Wolfe Research downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. UBS Group increased their target price on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $214.00 to $221.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Finally, Barclays raised their target price on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus price target of $202.89.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Elena A. Korablina sold 21,829 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the sale, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Elena A. Korablina sold 21,829 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $190.91, for a total value of $4,167,374.39. Following the transaction, the insider now directly owns 6,484 shares in the company, valued at $1,237,860.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ashley Bacon sold 5,086 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total transaction of $984,853.04. Following the transaction, the insider now owns 217,351 shares in the company, valued at $42,087,847.64. The disclosure for this sale can be found here. Insiders have sold a total of 72,343 shares of company stock valued at $14,137,789 over the last three months. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Company 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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.