JPMorgan Chase & Co. $JPM Shares Sold by Northwest Capital Management Inc

Northwest Capital Management Inc decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 8.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 422 shares of the financial services provider’s stock after selling 37 shares during the quarter. Northwest Capital Management Inc’s holdings in JPMorgan Chase & Co. were worth $122,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC raised its stake in JPMorgan Chase & Co. by 609,867.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 72,897,211 shares of the financial services provider’s stock worth $21,133,630,000 after acquiring an additional 72,885,260 shares during the last quarter. Nuveen LLC purchased a new position in JPMorgan Chase & Co. in the 1st quarter worth $3,972,807,000. Montrusco Bolton Investments Inc. purchased a new position in JPMorgan Chase & Co. in the 2nd quarter worth $485,802,000. National Bank of Canada FI raised its stake in JPMorgan Chase & Co. by 44.4% in the 1st quarter. National Bank of Canada FI now owns 4,518,740 shares of the financial services provider’s stock worth $1,108,415,000 after acquiring an additional 1,388,992 shares during the last quarter. Finally, Strs Ohio purchased a new position in JPMorgan Chase & Co. in the 1st quarter worth $279,389,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on JPM shares. TD Cowen raised their target price on JPMorgan Chase & Co. from $350.00 to $370.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $343.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 14th. Morgan Stanley lifted their price objective on JPMorgan Chase & Co. from $336.00 to $338.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 15th. The Goldman Sachs Group reiterated a “buy” rating and set a $366.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 14th. Finally, Zacks Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $322.27.

Insider Buying and Selling at JPMorgan Chase & Co.

In other 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 transaction, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. The trade was a 10.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $294.37 on Friday. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $318.01. The stock has a 50 day moving average of $303.23 and a two-hundred day moving average of $280.54. 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 firm has a market cap of $809.44 billion, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 1.77 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.83 by $0.24. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The company had revenue of $46.43 billion during the quarter, compared to analyst estimates of $44.42 billion. During the same period in the previous year, the business earned $4.37 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 8.8% on a year-over-year basis. On average, analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be issued a dividend of $1.50 per share. The ex-dividend date is Monday, October 6th. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s payout ratio is presently 29.72%.

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.