Transatlantique Private Wealth LLC Has $5.10 Million Holdings in JPMorgan Chase & Co. $JPM

Transatlantique Private Wealth LLC lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 6.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,591 shares of the financial services provider’s stock after selling 1,229 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.9% of Transatlantique Private Wealth LLC’s investment portfolio, making the stock its 7th biggest position. Transatlantique Private Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $5,100,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. Bryce Point Capital LLC bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $560,000. Optivise Advisory Services LLC lifted its holdings in shares of JPMorgan Chase & Co. by 4.9% during the second quarter. Optivise Advisory Services LLC now owns 2,138 shares of the financial services provider’s stock valued at $620,000 after acquiring an additional 100 shares during the period. Next Capital Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 231.4% in the 2nd quarter. Next Capital Management LLC now owns 9,644 shares of the financial services provider’s stock worth $2,796,000 after purchasing an additional 6,734 shares during the last quarter. Fullcircle Wealth LLC boosted its position in JPMorgan Chase & Co. by 0.7% in the second quarter. Fullcircle Wealth LLC now owns 9,383 shares of the financial services provider’s stock valued at $2,761,000 after buying an additional 65 shares in the last quarter. Finally, Obermeyer Wealth Partners increased its holdings in shares of JPMorgan Chase & Co. by 3.1% during the second quarter. Obermeyer Wealth Partners now owns 34,253 shares of the financial services provider’s stock worth $9,930,000 after buying an additional 1,018 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 3.5%

Shares of NYSE JPM opened at $309.28 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $322.25. The firm has a market capitalization of $841.95 billion, a P/E ratio of 15.32, a P/E/G ratio of 1.84 and a beta of 1.14. 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 company’s 50 day simple moving average is $307.34 and its 200 day simple moving average is $288.98.

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

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 6th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date was Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.72%.

Insider Transactions at JPMorgan Chase & Co.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wolfe Research increased their price target on JPMorgan Chase & Co. from $342.00 to $346.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Loop Capital set a $310.00 target price on JPMorgan Chase & Co. in a research note on Thursday, October 23rd. The Goldman Sachs Group reiterated a “buy” rating and set a $366.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 14th. Evercore ISI raised their price objective on shares of JPMorgan Chase & Co. from $309.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Finally, Weiss Ratings downgraded shares of JPMorgan Chase & Co. from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $326.38.

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.