JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Lifted by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.3% in the 1st quarter, Holdings Channel reports. The firm owned 774,578 shares of the financial services provider’s stock after acquiring an additional 9,628 shares during the quarter. JPMorgan Chase & Co. accounts for about 3.7% of Ferguson Wellman Capital Management Inc.’s portfolio, making the stock its 5th largest position. Ferguson Wellman Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $190,004,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Defined Financial Planning LLC raised its stake in JPMorgan Chase & Co. by 13.9% in the 1st quarter. Defined Financial Planning LLC now owns 1,362 shares of the financial services provider’s stock valued at $332,000 after purchasing an additional 166 shares during the last quarter. Kelly Financial Services LLC raised its stake in JPMorgan Chase & Co. by 8.7% in the 1st quarter. Kelly Financial Services LLC now owns 2,112 shares of the financial services provider’s stock valued at $518,000 after purchasing an additional 169 shares during the last quarter. Members Wealth LLC raised its stake in JPMorgan Chase & Co. by 9.6% in the 1st quarter. Members Wealth LLC now owns 929 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 81 shares during the last quarter. GPS Wealth Strategies Group LLC raised its stake in JPMorgan Chase & Co. by 61.0% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 7,173 shares of the financial services provider’s stock valued at $1,760,000 after purchasing an additional 2,718 shares during the last quarter. Finally, Simon Quick Advisors LLC raised its stake in JPMorgan Chase & Co. by 20.0% in the 1st quarter. Simon Quick Advisors LLC now owns 30,882 shares of the financial services provider’s stock valued at $7,575,000 after purchasing an additional 5,155 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Troy L. Rohrbaugh sold 25,000 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the completion of the transaction, the chief executive officer now directly owns 133,381 shares in the company, valued at $32,947,774.62. This trade represents a 15.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the transaction, the insider now owns 49,127 shares of the company’s stock, valued at $12,130,438.84. This trade represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,722 shares of company stock valued at $25,599,477. 0.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

JPM has been the subject of several recent research reports. UBS Group increased their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, April 17th. Baird R W raised JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Tuesday. Bank of America cut their target price on JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Finally, Robert W. Baird raised their target price on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 20th. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $269.65.

JPMorgan Chase & Co. Stock Down 1.3%

Shares of NYSE:JPM opened at $264.72 on Friday. The business has a 50-day moving average price of $252.10 and a 200 day moving average price of $250.56. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $735.69 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 2.83 and a beta of 1.08. JPMorgan Chase & Co. has a 12-month low of $190.90 and a 12-month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.63 by $0.44. The firm had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company earned $4.44 EPS. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.’s payout ratio is 27.49%.

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.