Cooper Financial Group Increases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Cooper Financial Group raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 22.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,002 shares of the financial services provider’s stock after buying an additional 1,801 shares during the period. Cooper Financial Group’s holdings in JPMorgan Chase & Co. were worth $2,453,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strengthening Families & Communities LLC increased its stake in JPMorgan Chase & Co. by 125.7% in the 1st quarter. Strengthening Families & Communities LLC now owns 386 shares of the financial services provider’s stock valued at $95,000 after buying an additional 215 shares during the last quarter. Biltmore Family Office LLC boosted its position in JPMorgan Chase & Co. by 11.1% in the first quarter. Biltmore Family Office LLC now owns 15,541 shares of the financial services provider’s stock worth $3,812,000 after purchasing an additional 1,550 shares during the last quarter. MSA Advisors LLC boosted its position in JPMorgan Chase & Co. by 14.1% in the first quarter. MSA Advisors LLC now owns 31,200 shares of the financial services provider’s stock worth $7,653,000 after purchasing an additional 3,850 shares during the last quarter. White Lighthouse Investment Management Inc. boosted its position in JPMorgan Chase & Co. by 7.6% in the first quarter. White Lighthouse Investment Management Inc. now owns 1,960 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 138 shares during the last quarter. Finally, Invesco Ltd. boosted its position in JPMorgan Chase & Co. by 4.1% in the first quarter. Invesco Ltd. now owns 13,754,558 shares of the financial services provider’s stock worth $3,373,993,000 after purchasing an additional 547,110 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $294.03 on Friday. The firm has a market capitalization of $808.52 billion, a P/E ratio of 15.09, a P/E/G ratio of 1.93 and a beta of 1.11. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The stock’s 50-day simple moving average is $285.93 and its two-hundred day simple moving average is $263.45. JPMorgan Chase & Co. has a twelve month low of $200.61 and a twelve month high of $301.29.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping analysts’ consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%. The company’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $6.12 EPS. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd were given a dividend of $1.40 per share. The ex-dividend date was Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio is 28.73%.

Analyst Ratings Changes

Several research analysts have weighed in on JPM shares. Morgan Stanley boosted their price objective on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods boosted their price objective on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 16th. Evercore ISI set a $298.00 target price on JPMorgan Chase & Co. and gave the company an “outperform” rating in a research note on Monday, July 7th. Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Friday, June 27th. Finally, HSBC restated a “reduce” rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $288.68.

Insider Activity

In other news, General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the transaction, the general counsel directly owned 36,520 shares in the company, valued at approximately $9,703,729.20. This represents a 15.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the transaction, the chief operating officer owned 62,455 shares in the company, valued at $16,392,563.85. This trade represents a 8.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,557 shares of company stock worth $4,113,796 over the last quarter. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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.