Beacon Capital Management LLC Purchases 445 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Beacon Capital Management LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 21.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,536 shares of the financial services provider’s stock after purchasing an additional 445 shares during the period. Beacon Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $508,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of JPM. Blackston Financial Advisory Group LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth $401,000. McGlone Suttner Wealth Management Inc. lifted its stake in JPMorgan Chase & Co. by 5.8% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 7,717 shares of the financial services provider’s stock worth $1,313,000 after purchasing an additional 420 shares in the last quarter. Inscription Capital LLC lifted its stake in JPMorgan Chase & Co. by 23.9% in the 4th quarter. Inscription Capital LLC now owns 11,938 shares of the financial services provider’s stock worth $2,031,000 after purchasing an additional 2,300 shares in the last quarter. Lauterbach Financial Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 0.7% during the 4th quarter. Lauterbach Financial Advisors LLC now owns 29,535 shares of the financial services provider’s stock valued at $5,024,000 after buying an additional 210 shares in the last quarter. Finally, Relyea Zuckerberg Hanson LLC raised its position in shares of JPMorgan Chase & Co. by 18.1% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 18,337 shares of the financial services provider’s stock valued at $3,119,000 after buying an additional 2,805 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Oppenheimer upped their target price on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. BMO Capital Markets increased their price objective on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Barclays increased their price objective on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Jefferies Financial Group increased their price objective on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Finally, Robert W. Baird increased their price objective on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $203.17.

JPMorgan Chase & Co. Stock Down 2.5 %

NYSE:JPM traded down $5.29 during midday trading on Thursday, reaching $207.51. 6,942,121 shares of the stock traded hands, compared to its average volume of 9,200,049. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $217.56. The business has a 50-day moving average of $203.29 and a two-hundred day moving average of $192.65. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91. The stock has a market capitalization of $595.90 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 2.52 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its 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 company had revenue of $50.80 billion during the quarter, compared to analysts’ expectations 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 prior year, the company posted $4.37 earnings per share. On average, equities analysts forecast that JPMorgan Chase & Co. will post 16.7 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were issued a $1.15 dividend. The ex-dividend date was Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.22%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.66%.

Insiders Place Their Bets

In related news, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the transaction, the insider now owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, General Counsel Stacey Friedman sold 4,415 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the transaction, the general counsel now owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the transaction, the insider now directly owns 212,265 shares of the company’s stock, valued at approximately $42,355,358.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,343 shares of company stock valued at $14,137,789. Insiders own 0.79% of the company’s stock.

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; 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.