JPMorgan Chase & Co. $JPM is ZWJ Investment Counsel Inc.'s 8th Largest Position

ZWJ Investment Counsel Inc. lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 232,641 shares of the financial services provider's stock after selling 4,729 shares during the quarter. JPMorgan Chase & Co. accounts for 2.5% of ZWJ Investment Counsel Inc.'s holdings, making the stock its 8th largest holding. ZWJ Investment Counsel Inc.'s holdings in JPMorgan Chase & Co. were worth $67,445,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. Wallington Asset Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.3% in the 2nd quarter. Wallington Asset Management LLC now owns 4,987 shares of the financial services provider's stock valued at $1,446,000 after buying an additional 64 shares during the period. Segment Wealth Management LLC boosted its position in shares of JPMorgan Chase & Co. by 1.1% during the 2nd quarter. Segment Wealth Management LLC now owns 19,323 shares of the financial services provider's stock worth $5,602,000 after acquiring an additional 213 shares in the last quarter. Life Planning Partners Inc boosted its position in shares of JPMorgan Chase & Co. by 9.4% during the 2nd quarter. Life Planning Partners Inc now owns 1,162 shares of the financial services provider's stock worth $337,000 after acquiring an additional 100 shares in the last quarter. Fortis Capital Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 66.4% in the 2nd quarter. Fortis Capital Advisors LLC now owns 11,285 shares of the financial services provider's stock valued at $3,272,000 after purchasing an additional 4,504 shares during the period. Finally, Precedent Wealth Partners LLC boosted its position in shares of JPMorgan Chase & Co. by 8.7% in the 2nd quarter. Precedent Wealth Partners LLC now owns 11,847 shares of the financial services provider's stock valued at $3,435,000 after purchasing an additional 950 shares during the period. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the business'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 sale, the director directly owned 82,207 shares of the company's stock, valued at $24,492,753.58. The trade was a 10.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on JPM shares. Citigroup increased their price objective on JPMorgan Chase & Co. from $275.00 to $325.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 24th. Zacks Research downgraded JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Weiss Ratings reiterated a "buy (b+)" rating on shares of JPMorgan Chase & Co. in a report on Wednesday. Morgan Stanley increased their target price on JPMorgan Chase & Co. from $298.00 to $336.00 and gave the company an "equal weight" rating in a report on Monday, September 29th. Finally, Robert W. Baird cut JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price objective on the stock. in a report on Friday, June 27th. Fourteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $313.89.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $301.12 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The business has a 50 day moving average of $301.61 and a two-hundred day moving average of $276.60. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $318.01. The company has a market cap of $828.00 billion, a P/E ratio of 15.45, a PEG ratio of 1.97 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same period in the previous year, the firm posted $6.12 earnings per share. The business's revenue was down 10.5% on a year-over-year basis. As a group, analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be issued a $1.50 dividend. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio is currently 30.79%.

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.

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