Buttonwood Financial Advisors Inc. Has $999,000 Position in JPMorgan Chase & Co. $JPM

Key Points

• Buttonwood Financial Advisors Inc. reduced its position in JPMorgan Chase & Co. by 21.3%, holding 3,447 shares valued at $999,000 as of their latest SEC filing.
• The firm announced a quarterly dividend of $1.50 per share, increasing from the previous dividend of $1.40, indicating a solid dividend payout ratio of 28.73%.
• JPMorgan Chase & Co. recorded a quarterly earnings per share (EPS) of $4.96, exceeding analyst expectations, with a revenue of $44.91 billion despite a year-over-year decline.

Buttonwood Financial Advisors Inc. reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 21.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,447 shares of the financial services provider's stock after selling 931 shares during the quarter. Buttonwood Financial Advisors Inc.'s holdings in JPMorgan Chase & Co. were worth $999,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in JPM. Brighton Jones LLC grew its position 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 valued at $11,682,000 after purchasing an additional 4,841 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $81,000. Versant Capital Management Inc grew its position in JPMorgan Chase & Co. by 92.5% during the first quarter. Versant Capital Management Inc now owns 7,310 shares of the financial services provider's stock worth $1,793,000 after buying an additional 3,513 shares in the last quarter. Agate Pass Investment Management LLC grew its position in JPMorgan Chase & Co. by 9.2% during the first quarter. Agate Pass Investment Management LLC now owns 27,599 shares of the financial services provider's stock worth $6,770,000 after buying an additional 2,315 shares in the last quarter. Finally, Sage Capital Advisors llc grew its position in JPMorgan Chase & Co. by 4.4% during the first quarter. Sage Capital Advisors llc now owns 2,026 shares of the financial services provider's stock worth $497,000 after buying an additional 86 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Citigroup lifted their target price on JPMorgan Chase & Co. from $275.00 to $325.00 and gave the stock a "neutral" rating in a research report on Wednesday. HSBC restated a "reduce" rating and set a $259.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Royal Bank Of Canada restated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Thursday, September 11th. Bank of America lifted their target price on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, Baird R W cut shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of "Hold" and a consensus target price of $297.17.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the company'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 completion of the sale, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $316.12 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The company has a 50 day moving average price of $298.96 and a 200 day moving average price of $271.68. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $317.81. The stock has a market capitalization of $869.25 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 2.07 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The firm had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. During the same quarter in the previous year, the company posted $6.12 EPS. JPMorgan Chase & Co.'s revenue was down 10.5% on a year-over-year basis. Analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced 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 represents a $6.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, October 6th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. JPMorgan Chase & Co.'s dividend payout ratio is presently 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.

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