JPMorgan Chase & Co. $JPM Stock Holdings Lowered by Agate Pass Investment Management LLC

Agate Pass Investment Management LLC decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 27,313 shares of the financial services provider’s stock after selling 286 shares during the period. JPMorgan Chase & Co. comprises 3.3% of Agate Pass Investment Management LLC’s investment portfolio, making the stock its 7th largest position. Agate Pass Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $7,918,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Zullo Investment Group Inc. grew its holdings in shares of JPMorgan Chase & Co. by 0.3% during the second quarter. Zullo Investment Group Inc. now owns 20,718 shares of the financial services provider’s stock valued at $6,006,000 after buying an additional 65 shares during the last quarter. JFS Wealth Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.4% during the second quarter. JFS Wealth Advisors LLC now owns 7,897 shares of the financial services provider’s stock valued at $2,290,000 after buying an additional 35 shares during the last quarter. Greenwood Gearhart Inc. grew its holdings in shares of JPMorgan Chase & Co. by 2.2% during the second quarter. Greenwood Gearhart Inc. now owns 68,123 shares of the financial services provider’s stock valued at $19,749,000 after buying an additional 1,451 shares during the last quarter. Blue Zone Wealth Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the second quarter worth approximately $279,000. Finally, Strong Tower Advisory Services boosted its holdings in JPMorgan Chase & Co. by 4.3% in the second quarter. Strong Tower Advisory Services now owns 12,184 shares of the financial services provider’s stock worth $3,532,000 after purchasing an additional 504 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on JPM shares. Citigroup raised their target price on shares of JPMorgan Chase & Co. from $275.00 to $325.00 and gave the stock a “neutral” rating in a report on Wednesday, September 24th. UBS Group raised their target price on shares of JPMorgan Chase & Co. from $339.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Royal Bank Of Canada restated a “buy” rating and issued a $343.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, October 14th. HSBC restated a “reduce” rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Finally, Cowen restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Fifteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $322.86.

Insider Activity at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the sale, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. This trade represents a 10.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Down 0.2%

JPM opened at $297.81 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. 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 $818.91 billion, a PE ratio of 14.75, a PEG ratio of 1.80 and a beta of 1.13. The firm’s 50 day simple moving average is $302.82 and its two-hundred day simple moving average is $279.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.83 by $0.24. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The business had revenue of $46.43 billion for the quarter, compared to the consensus estimate of $44.42 billion. During the same period last year, the firm earned $4.37 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be given a $1.50 dividend. The ex-dividend date is Monday, October 6th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a yield of 2.0%. JPMorgan Chase & Co.’s payout ratio is 29.72%.

JPMorgan Chase & Co. Company 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.