JPMorgan Chase & Co. $JPM Position Increased by Total Wealth Planning & Management Inc.

Total Wealth Planning & Management Inc. boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.2% during the 2nd quarter, Holdings Channel reports. The firm owned 7,126 shares of the financial services provider’s stock after acquiring an additional 155 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.6% of Total Wealth Planning & Management Inc.’s investment portfolio, making the stock its 9th largest position. Total Wealth Planning & Management Inc.’s holdings in JPMorgan Chase & Co. were worth $2,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Pinion Investment Advisors LLC grew its position in JPMorgan Chase & Co. by 0.6% during the 2nd quarter. Pinion Investment Advisors LLC now owns 10,041 shares of the financial services provider’s stock worth $2,911,000 after purchasing an additional 61 shares during the last quarter. Stiles Financial Services Inc grew its position in JPMorgan Chase & Co. by 12.9% during the 2nd quarter. Stiles Financial Services Inc now owns 12,366 shares of the financial services provider’s stock worth $3,586,000 after purchasing an additional 1,411 shares during the last quarter. McKinley Carter Wealth Services Inc. grew its position in JPMorgan Chase & Co. by 3.7% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 26,884 shares of the financial services provider’s stock worth $7,794,000 after purchasing an additional 951 shares during the last quarter. Argyle Capital Management LLC grew its position in JPMorgan Chase & Co. by 1.0% during the 2nd quarter. Argyle Capital Management LLC now owns 29,779 shares of the financial services provider’s stock worth $8,633,000 after purchasing an additional 300 shares during the last quarter. Finally, Coordinated Financial Services Inc. purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter worth approximately $723,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPM opened at $297.81 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88. The firm has a fifty day moving average price of $302.82 and a 200 day moving average price of $278.77. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $318.01. The stock has a market cap of $818.91 billion, a P/E ratio of 14.75, a P/E/G ratio of 1.80 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.83 by $0.24. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The firm had revenue of $46.43 billion during the quarter, compared to analysts’ expectations of $44.42 billion. During the same period in the previous year, the business posted $4.37 EPS. The business’s revenue was up 8.8% compared to the same quarter last year. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is 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 2.0%. JPMorgan Chase & Co.’s payout ratio is 29.72%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on JPM shares. Morgan Stanley boosted their target price on shares of JPMorgan Chase & Co. from $336.00 to $338.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Citigroup upped their price objective on shares of JPMorgan Chase & Co. from $275.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a “hold” rating in a report on Tuesday, September 30th. TD Cowen upped their price objective on shares of JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Finally, Phillip Securities downgraded shares of JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 16th. Fifteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $319.40.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the transaction, the director directly owned 82,207 shares of the company’s stock, valued at $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.47% of the stock is currently owned by insiders.

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.