AIFG Consultants Ltd. Has $452,000 Position in JPMorgan Chase & Co. $JPM

AIFG Consultants Ltd. increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 33.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,560 shares of the financial services provider’s stock after acquiring an additional 387 shares during the quarter. AIFG Consultants Ltd.’s holdings in JPMorgan Chase & Co. were worth $452,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in JPM. Brighton Jones LLC boosted its stake in JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after purchasing an additional 4,841 shares during the period. GAMMA Investing LLC lifted its position in shares of JPMorgan Chase & Co. by 5.8% during the 1st quarter. GAMMA Investing LLC now owns 96,029 shares of the financial services provider’s stock worth $23,556,000 after buying an additional 5,296 shares during the last quarter. Foresight Capital Management Advisors Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth $435,000. Donaldson Capital Management LLC lifted its position in shares of JPMorgan Chase & Co. by 0.8% during the 1st quarter. Donaldson Capital Management LLC now owns 344,604 shares of the financial services provider’s stock worth $84,531,000 after buying an additional 2,580 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its position in shares of JPMorgan Chase & Co. by 0.7% during the 1st quarter. Focus Financial Network Inc. now owns 34,971 shares of the financial services provider’s stock worth $8,578,000 after buying an additional 234 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. TD Cowen upped their price objective on JPMorgan Chase & Co. from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Morgan Stanley increased their price target on JPMorgan Chase & Co. from $298.00 to $336.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Wells Fargo & Company upped their target price on JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Citigroup increased their price target on JPMorgan Chase & Co. from $275.00 to $325.00 and gave the stock a “neutral” rating in a report on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock a “hold” rating in a report on Tuesday, September 30th. Fourteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Hold” and a consensus target price of $313.89.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction on 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 transaction, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $301.12 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The business has a fifty day simple moving average of $301.61 and a two-hundred day simple moving average of $276.60. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $318.01. The company has a market capitalization of $828.00 billion, a P/E ratio of 15.45, a P/E/G ratio of 1.97 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The business had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same period last year, the business posted $6.12 earnings per share. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. On average, analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date is Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 30.79%.

JPMorgan Chase & Co. 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.