JPMorgan Chase & Co. (NYSE:JPM) is Sonora Investment Management Group LLC’s 7th Largest Position

Sonora Investment Management Group LLC grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,409 shares of the financial services provider’s stock after buying an additional 763 shares during the period. JPMorgan Chase & Co. makes up 2.2% of Sonora Investment Management Group LLC’s portfolio, making the stock its 7th largest holding. Sonora Investment Management Group LLC’s holdings in JPMorgan Chase & Co. were worth $28,065,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Capital & Planning LLC lifted its holdings in shares of JPMorgan Chase & Co. by 13.3% in the 4th quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider’s stock worth $565,000 after acquiring an additional 276 shares during the last quarter. Financial Partners Group Inc grew its position in JPMorgan Chase & Co. by 4.8% during the 4th quarter. Financial Partners Group Inc now owns 5,235 shares of the financial services provider’s stock worth $1,255,000 after purchasing an additional 239 shares during the last quarter. Brighton Jones LLC increased its stake in shares of JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after acquiring an additional 4,841 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in JPMorgan Chase & Co. during the fourth quarter worth $66,088,000. Finally, Catalina Capital Group LLC boosted its holdings in JPMorgan Chase & Co. by 4.0% during the fourth quarter. Catalina Capital Group LLC now owns 13,960 shares of the financial services provider’s stock worth $3,346,000 after buying an additional 537 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Up 0.7%

Shares of JPMorgan Chase & Co. stock opened at $268.63 on Wednesday. The business has a 50-day moving average of $248.89 and a 200-day moving average of $250.21. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The company has a market capitalization of $746.54 billion, a PE ratio of 13.61, a P/E/G ratio of 2.83 and a beta of 1.08. JPMorgan Chase & Co. has a 1-year low of $190.88 and a 1-year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $45.30 billion for the quarter, compared to analysts’ expectations of $43.62 billion. During the same quarter last year, the company posted $4.44 earnings per share. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.08%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.49%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Robert W. Baird raised their target price on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 20th. Baird R W upgraded shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. TD Securities restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. TD Cowen initiated coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 15th. They issued a “buy” rating and a $305.00 price target on the stock. Finally, KGI Securities assumed coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a “hold” rating on the stock. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average price target of $269.65.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the transaction, the insider now owns 49,127 shares in the company, valued at $12,130,438.84. This trade represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jennifer Piepszak sold 6,128 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the transaction, the chief operating officer now owns 62,455 shares in the company, valued at $16,392,563.85. This represents a 8.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,722 shares of company stock worth $25,599,477 over the last quarter. 0.47% of the stock is currently owned by company insiders.

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.