JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 174.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,688 shares of the financial services provider's stock after purchasing an additional 15,065 shares during the period. JPMorgan Chase & Co. makes up about 1.1% of Hohimer Wealth Management LLC's investment portfolio, making the stock its 18th biggest holding. Hohimer Wealth Management LLC's holdings in JPMorgan Chase & Co. were worth $5,811,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Redwood Park Advisors LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $29,000. Curat Global LLC purchased a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $33,000. Sellwood Investment Partners LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $34,000. Investment Counsel Co. of Nevada acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $37,000. Finally, Prudent Man Investment Management Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $43,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

JPM traded up $0.05 during trading on Thursday, reaching $296.81. 6,993,252 shares of the company were exchanged, compared to its average volume of 9,444,441. The stock has a market cap of $824.86 billion, a P/E ratio of 15.23, a PEG ratio of 2.01 and a beta of 1.10. The firm has a 50 day moving average of $277.06 and a 200 day moving average of $259.38. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 52 week low of $190.90 and a 52 week high of $299.59.

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

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be paid a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 1.89%. JPMorgan Chase & Co.'s payout ratio is 28.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on JPM shares. Wells Fargo & Company upped their target price on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Robert W. Baird lowered JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price on the stock. in a research report on Friday, June 27th. KGI Securities began coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They issued a "hold" rating on the stock. HSBC reissued a "reduce" rating and set a $259.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. Finally, Royal Bank Of Canada set a $305.00 price target on JPMorgan Chase & Co. and gave the company an "outperform" rating in a research report on Monday, June 30th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $288.68.

Insiders Place Their Bets

In other news, CFO Jeremy Barnum sold 40,014 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total value of $10,034,310.78. Following the completion of the transaction, the chief financial officer owned 18,017 shares of the company's stock, valued at approximately $4,518,123.09. This represents a 68.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Jennifer Piepszak sold 6,129 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.76, for a total value of $1,536,908.04. Following the completion of the transaction, the chief operating officer directly owned 68,583 shares of the company's stock, valued at approximately $17,197,873.08. The trade was a 8.20% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,200 shares of company stock worth $18,060,015. 0.47% of the stock is owned by company insiders.

JPMorgan Chase & Co. 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.