JPMorgan Chase & Co. (NYSE:JPM) Holdings Lifted by James J. Burns & Company LLC

James J. Burns & Company LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 40.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,921 shares of the financial services provider’s stock after purchasing an additional 2,002 shares during the quarter. James J. Burns & Company LLC’s holdings in JPMorgan Chase & Co. were worth $1,400,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $55,033,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $5,746,000. PBMares Wealth Management LLC raised its stake in shares of JPMorgan Chase & Co. by 16.6% during the 4th quarter. PBMares Wealth Management LLC now owns 6,562 shares of the financial services provider’s stock worth $1,116,000 after purchasing an additional 932 shares in the last quarter. Tobam raised its stake in shares of JPMorgan Chase & Co. by 1,240.9% during the 4th quarter. Tobam now owns 1,703 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 1,576 shares in the last quarter. Finally, B.O.S.S. Retirement Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 13.7% during the 4th quarter. B.O.S.S. Retirement Advisors LLC now owns 28,382 shares of the financial services provider’s stock worth $4,828,000 after purchasing an additional 3,428 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the sale, the general counsel now owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the sale, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the completion of the sale, the insider now owns 212,265 shares in the company, valued at $42,355,358.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,799 shares of company stock valued at $2,963,721. 0.79% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JPM. UBS Group raised their price target on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Robert W. Baird raised their price objective on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Finally, BMO Capital Markets raised their price objective on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $205.71.

JPMorgan Chase & Co. Stock Performance

JPM traded up $1.92 during midday trading on Friday, reaching $213.47. The company’s stock had a trading volume of 929,339 shares, compared to its average volume of 9,176,797. The stock has a market cap of $613.01 billion, a P/E ratio of 11.80, a PEG ratio of 2.42 and a beta of 1.12. The company has a fifty day simple moving average of $204.39 and a 200 day simple moving average of $195.14. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $217.56.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. During the same quarter last year, the firm earned $4.37 EPS. Research analysts expect that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is presently 25.66%.

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, 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.