JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Lifted by Coastwise Capital Group LLC

Coastwise Capital Group LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,192 shares of the financial services provider’s stock after acquiring an additional 229 shares during the period. JPMorgan Chase & Co. comprises approximately 1.4% of Coastwise Capital Group LLC’s holdings, making the stock its 15th largest position. Coastwise Capital Group LLC’s holdings in JPMorgan Chase & Co. were worth $1,393,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. WealthPlan Investment Management LLC lifted its stake in JPMorgan Chase & Co. by 187,317.6% in the third quarter. WealthPlan Investment Management LLC now owns 31,861 shares of the financial services provider’s stock valued at $4,620,000 after acquiring an additional 31,844 shares during the last quarter. Choreo LLC lifted its stake in JPMorgan Chase & Co. by 4.2% in the third quarter. Choreo LLC now owns 40,886 shares of the financial services provider’s stock valued at $5,929,000 after acquiring an additional 1,664 shares during the last quarter. Aptus Capital Advisors LLC lifted its stake in JPMorgan Chase & Co. by 4.4% in the third quarter. Aptus Capital Advisors LLC now owns 173,062 shares of the financial services provider’s stock valued at $25,097,000 after acquiring an additional 7,255 shares during the last quarter. Financial Security Advisor Inc. acquired a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $367,000. Finally, BCGM Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 3.4% in the third quarter. BCGM Wealth Management LLC now owns 18,434 shares of the financial services provider’s stock valued at $2,673,000 after acquiring an additional 601 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JPM has been the subject of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $211.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Keefe, Bruyette & Woods boosted their price objective on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 21st. Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Evercore ISI boosted their price objective on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Finally, Robert W. Baird boosted 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 note on Tuesday, May 21st. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $194.10.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock traded down $5.15 on Tuesday, hitting $194.46. The company’s stock had a trading volume of 9,232,780 shares, compared to its average volume of 9,150,673. The firm has a market cap of $558.42 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 2.69 and a beta of 1.12. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The company has a fifty day moving average price of $195.16 and a 200-day moving average price of $182.64. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $205.88.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.45. The firm had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 16.39 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total value of $984,853.04. Following the sale, the insider now owns 217,351 shares of the company’s stock, valued at approximately $42,087,847.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total value of $984,853.04. Following the sale, the insider now owns 217,351 shares of the company’s stock, valued at approximately $42,087,847.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the sale, the insider now directly owns 64,783 shares in the company, valued at approximately $12,656,006.88. The disclosure for this sale can be found here. Insiders have sold 254,485 shares of company stock valued at $47,728,528 in the last 90 days. 0.79% of the stock is currently owned by company 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.