JPMorgan Chase & Co. (NYSE:JPM) Stock Position Increased by Falcon Wealth Planning

Falcon Wealth Planning grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,826 shares of the financial services provider’s stock after purchasing an additional 356 shares during the period. Falcon Wealth Planning’s holdings in JPMorgan Chase & Co. were worth $2,594,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of JPM. ORBA Wealth Advisors L.L.C. increased its stake in shares of JPMorgan Chase & Co. by 3.3% during the 2nd quarter. ORBA Wealth Advisors L.L.C. now owns 7,639 shares of the financial services provider’s stock worth $1,545,000 after purchasing an additional 247 shares during the last quarter. Mainsail Financial Group LLC increased its position in JPMorgan Chase & Co. by 4.9% during the second quarter. Mainsail Financial Group LLC now owns 4,913 shares of the financial services provider’s stock worth $994,000 after buying an additional 231 shares during the last quarter. Great Valley Advisor Group Inc. raised its holdings in JPMorgan Chase & Co. by 5.2% during the second quarter. Great Valley Advisor Group Inc. now owns 136,852 shares of the financial services provider’s stock valued at $27,679,000 after buying an additional 6,710 shares in the last quarter. Financial Insights Inc. lifted its position in shares of JPMorgan Chase & Co. by 3.5% in the second quarter. Financial Insights Inc. now owns 11,989 shares of the financial services provider’s stock worth $2,425,000 after buying an additional 403 shares during the last quarter. Finally, WJ Interests LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter worth about $708,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. UBS Group raised their target price on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Morgan Stanley raised their price target on JPMorgan Chase & Co. from $221.00 to $226.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company raised their target price on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $205.71.

JPMorgan Chase & Co. Trading Up 1.3 %

Shares of JPMorgan Chase & Co. stock traded up $2.74 on Wednesday, hitting $210.68. 3,732,694 shares of the company’s stock traded hands, compared to its average volume of 9,222,669. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $217.56. The firm’s 50-day moving average price is $203.84 and its two-hundred day moving average price is $194.92. The stock has a market capitalization of $605.00 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $4.37 earnings per share. On average, research analysts expect that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is 25.66%.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the sale, the general counsel now owns 42,124 shares in the company, valued at approximately $8,452,180.60. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the transaction, the general counsel now owns 42,124 shares in the company, valued at approximately $8,452,180.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ashley Bacon sold 5,086 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $199.54, for a total value of $1,014,860.44. Following the sale, the insider now directly owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,799 shares of company stock worth $2,963,721. 0.79% of the stock is currently owned by company insiders.

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.