JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Advisor OS LLC

Key Points

• Advisor OS LLC increased its stake in JPMorgan Chase & Co. by 5.0% during the 1st quarter, acquiring an additional 956 shares and bringing its total holdings to 20,205 shares valued at approximately $4.96 million.
• A range of institutional investors have also modified their positions in JPMorgan, with Carnegie Investment Counsel increasing its stake by 19.1%, now owning 418,000 shares worth over $102 million.
• JPMorgan Chase & Co. declared a quarterly dividend of $1.40 per share with a yield of 1.87%, set to be paid on July 31st to stockholders of record on July 3rd.

Advisor OS LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,205 shares of the financial services provider's stock after acquiring an additional 956 shares during the period. Advisor OS LLC's holdings in JPMorgan Chase & Co. were worth $4,956,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Redwood Park Advisors LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $29,000. Curat Global LLC bought a new position in JPMorgan Chase & Co. during the first quarter valued at approximately $33,000. Investment Counsel Co. of Nevada bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $37,000. Prudent Man Investment Management Inc. bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $43,000. Finally, Measured Risk Portfolios Inc. bought a new position in JPMorgan Chase & Co. in the fourth quarter worth approximately $44,000. Institutional investors own 71.55% of the company's stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CFO Jeremy Barnum sold 40,014 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total value of $10,034,310.78. Following the sale, the chief financial officer directly owned 18,017 shares of the company's stock, valued at $4,518,123.09. This represents a 68.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda Bammann sold 9,500 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the sale, the director directly owned 91,539 shares in the company, valued at $22,884,750. This trade represents a 9.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,200 shares of company stock valued at $18,060,015 over the last quarter. Insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on JPM shares. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. KGI Securities started coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They issued a "hold" rating on the stock. Evercore ISI set a $298.00 price target on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research report on Monday, July 7th. Finally, HSBC restated a "reduce" rating and set a $259.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and an average price target of $288.68.

JPMorgan Chase & Co. Stock Down 2.4%

Shares of NYSE:JPM traded down $7.03 during trading hours on Friday, hitting $289.21. The company's stock had a trading volume of 12,005,470 shares, compared to its average volume of 8,727,902. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.89. The company has a market capitalization of $803.74 billion, a price-to-earnings ratio of 14.84, a P/E/G ratio of 2.00 and a beta of 1.11. The firm's fifty day moving average price is $280.47 and its 200 day moving average price is $261.28. JPMorgan Chase & Co. has a 52 week low of $190.90 and a 52 week high of $301.29.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. JPMorgan Chase & Co.'s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.12 EPS. As a group, research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd were issued a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is 28.73%.

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.