JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by RFG Advisory LLC

RFG Advisory LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 7.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 31,621 shares of the financial services provider’s stock after acquiring an additional 2,220 shares during the period. RFG Advisory LLC’s holdings in JPMorgan Chase & Co. were worth $6,396,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in JPM. Stone House Investment Management LLC lifted its holdings in JPMorgan Chase & Co. by 132.8% in the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 89 shares during the period. Retirement Group LLC lifted its stake in shares of JPMorgan Chase & Co. by 227.1% in the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 109 shares during the period. Richardson Capital Management LLC purchased a new stake in JPMorgan Chase & Co. during the first quarter worth about $34,000. Bare Financial Services Inc acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth about $35,000. Finally, Partnership Wealth Management LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO Marianne Lake sold 11,734 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $200.02, for a total value of $2,347,034.68. Following the transaction, the chief executive officer now owns 122,740 shares in the company, valued at approximately $24,550,454.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, CEO Marianne Lake sold 11,734 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $200.02, for a total transaction of $2,347,034.68. Following the completion of the sale, the chief executive officer now directly owns 122,740 shares in the company, valued at $24,550,454.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the completion of the transaction, the insider now directly owns 212,265 shares in the company, valued at $42,355,358.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,533 shares of company stock valued at $5,310,756. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on JPM shares. Royal Bank of Canada reissued an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Barclays upped their target price on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Morgan Stanley lifted their price target on JPMorgan Chase & Co. from $221.00 to $226.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Evercore ISI boosted their price objective on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, Citigroup raised their target price on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.71.

JPMorgan Chase & Co. Trading Up 0.1 %

Shares of JPM stock traded up $0.12 during mid-day trading on Monday, hitting $205.92. 3,994,183 shares of the company’s stock were exchanged, compared to its average volume of 9,257,624. The stock has a market cap of $591.33 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 2.42 and a beta of 1.12. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $217.56. The stock has a 50-day simple moving average of $203.58 and a two-hundred day simple moving average of $194.43.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. The firm had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period last year, the company earned $4.37 EPS. Equities analysts expect that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were issued a $1.15 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.23%. JPMorgan Chase & Co.’s payout ratio is 25.66%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.