1900 Wealth Management LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 25.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 9,843 shares of the financial services provider's stock after selling 3,375 shares during the period. 1900 Wealth Management LLC's holdings in JPMorgan Chase & Co. were worth $2,854,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in JPM. Brighton Jones LLC grew its holdings 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 purchasing an additional 4,841 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of JPMorgan Chase & Co. by 5.8% in the first quarter. GAMMA Investing LLC now owns 96,029 shares of the financial services provider's stock worth $23,556,000 after purchasing an additional 5,296 shares during the last quarter. Gibson Capital LLC grew its holdings in shares of JPMorgan Chase & Co. by 6.2% in the first quarter. Gibson Capital LLC now owns 1,446 shares of the financial services provider's stock worth $355,000 after purchasing an additional 84 shares during the last quarter. Moseley Investment Management Inc. grew its holdings in shares of JPMorgan Chase & Co. by 0.7% in the first quarter. Moseley Investment Management Inc. now owns 18,712 shares of the financial services provider's stock worth $4,590,000 after purchasing an additional 122 shares during the last quarter. Finally, Atwood & Palmer Inc. grew its holdings in shares of JPMorgan Chase & Co. by 24.3% in the first quarter. Atwood & Palmer Inc. now owns 8,949 shares of the financial services provider's stock worth $2,195,000 after purchasing an additional 1,748 shares during the last quarter. Institutional investors own 71.55% of the company's stock.
JPMorgan Chase & Co. Stock Performance
Shares of JPMorgan Chase & Co. stock opened at $305.35 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $839.64 billion, a P/E ratio of 15.67, a P/E/G ratio of 1.96 and a beta of 1.13. The business has a fifty day simple moving average of $301.37 and a two-hundred day simple moving average of $276.26. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $318.01.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating the consensus estimate of $4.48 by $0.48. The business had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The company's revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $6.12 earnings per share. On average, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be given a dividend of $1.50 per share. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, October 6th. JPMorgan Chase & Co.'s payout ratio is 30.79%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Weiss Ratings restated a "buy (b+)" rating on shares of JPMorgan Chase & Co. in a report on Wednesday. Morgan Stanley lifted their price target on shares of JPMorgan Chase & Co. from $298.00 to $336.00 and gave the company an "equal weight" rating in a report on Monday, September 29th. Zacks Research cut shares of JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. Phillip Securities cut shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. Finally, UBS Group lifted their price target on shares of JPMorgan Chase & Co. from $339.00 to $350.00 and gave the company a "buy" rating in a report on Tuesday. Fourteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and an average price target of $313.89.
Check Out Our Latest Report on JPMorgan Chase & Co.
Insider Buying and Selling
In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of the transaction, the director owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.47% of the company's stock.
About JPMorgan Chase & Co.
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM - Free Report).

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