Wealth Management Associates Inc. Boosts Stake in JPMorgan Chase & Co. $JPM

Wealth Management Associates Inc. lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 7.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,737 shares of the financial services provider’s stock after buying an additional 572 shares during the period. JPMorgan Chase & Co. makes up approximately 1.0% of Wealth Management Associates Inc.’s portfolio, making the stock its 27th biggest holding. Wealth Management Associates Inc.’s holdings in JPMorgan Chase & Co. were worth $2,533,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of JPM. Brighton Jones LLC boosted its holdings in shares of 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 worth $11,682,000 after buying an additional 4,841 shares during the last quarter. Acorns Advisers LLC raised its position in JPMorgan Chase & Co. by 6.9% in the first quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 100 shares during the period. 4J Wealth Management LLC raised its position in JPMorgan Chase & Co. by 14.5% in the first quarter. 4J Wealth Management LLC now owns 1,063 shares of the financial services provider’s stock worth $261,000 after acquiring an additional 135 shares during the period. Hartline Investment Corp boosted its stake in JPMorgan Chase & Co. by 0.7% in the first quarter. Hartline Investment Corp now owns 14,442 shares of the financial services provider’s stock valued at $3,543,000 after acquiring an additional 105 shares during the last quarter. Finally, GF Fund Management CO. LTD. grew its position in shares of JPMorgan Chase & Co. by 832.2% during the 1st quarter. GF Fund Management CO. LTD. now owns 4,428 shares of the financial services provider’s stock valued at $1,086,000 after acquiring an additional 3,953 shares during the period. 71.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on JPM shares. Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $345.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Wolfe Research raised their target price on JPMorgan Chase & Co. from $342.00 to $346.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. DZ Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 15th. Zacks Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Finally, Daiwa Capital Markets lifted their price objective on JPMorgan Chase & Co. from $330.00 to $332.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $326.38.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 966 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $311.92, for a total value of $301,314.72. Following the completion of the transaction, the insider directly owned 58,479 shares in the company, valued at approximately $18,240,769.68. This trade represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $314.30 on Friday. The firm has a market capitalization of $864.26 billion, a P/E ratio of 15.57, a PEG ratio of 1.84 and a beta of 1.14. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $318.01. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88. The business has a fifty day moving average price of $306.18 and a 200-day moving average price of $286.92.

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

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 6th were issued a $1.50 dividend. The ex-dividend date of this dividend was Monday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. JPMorgan Chase & Co.’s payout ratio is currently 29.72%.

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.