Personal CFO Solutions LLC Acquires 1,062 Shares of JPMorgan Chase & Co. $JPM

Personal CFO Solutions LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 10,382 shares of the financial services provider’s stock after acquiring an additional 1,062 shares during the quarter. Personal CFO Solutions LLC’s holdings in JPMorgan Chase & Co. were worth $3,010,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Marsico Capital Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 14.9% during the second quarter. Marsico Capital Management LLC now owns 196,870 shares of the financial services provider’s stock valued at $57,075,000 after purchasing an additional 25,491 shares in the last quarter. Willis Investment Counsel raised its position in JPMorgan Chase & Co. by 15.8% in the 2nd quarter. Willis Investment Counsel now owns 68,920 shares of the financial services provider’s stock worth $19,981,000 after buying an additional 9,400 shares during the last quarter. ABN AMRO Bank N.V. bought a new position in JPMorgan Chase & Co. during the 2nd quarter valued at about $118,283,000. Handelsbanken Fonder AB boosted its holdings in shares of JPMorgan Chase & Co. by 12.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 1,412,281 shares of the financial services provider’s stock valued at $409,434,000 after acquiring an additional 158,585 shares during the last quarter. Finally, Garrett Wealth Advisory Group LLC grew its stake in shares of JPMorgan Chase & Co. by 1.7% in the second quarter. Garrett Wealth Advisory Group LLC now owns 4,044 shares of the financial services provider’s stock worth $1,172,000 after acquiring an additional 68 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of the transaction, the director owned 82,207 shares in the company, valued at $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robin Leopold sold 966 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $311.92, for a total value of $301,314.72. Following the transaction, the insider directly owned 58,479 shares in the company, valued at approximately $18,240,769.68. This represents a 1.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.8%

Shares of NYSE:JPM opened at $313.26 on Friday. The company has a market cap of $852.78 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 1.84 and a beta of 1.14. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $322.25. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The company has a 50-day moving average price of $306.89 and a 200 day moving average price of $293.04.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.83 by $0.24. The business had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $44.42 billion. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business posted $4.37 earnings per share. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 6th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Monday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a yield of 1.9%. JPMorgan Chase & Co.’s payout ratio is presently 29.72%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Barclays raised their price objective on shares of JPMorgan Chase & Co. from $330.00 to $342.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Weiss Ratings restated a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday. DZ Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 15th. TD Cowen boosted their target price on JPMorgan Chase & Co. from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $366.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 14th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $326.38.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.