Morling Financial Advisors LLC Has $1.30 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Key Points

• Morling Financial Advisors LLC increased its stake in JPMorgan Chase & Co. by 178.0% in Q1, bringing their holdings to 5,302 shares valued at approximately $1.3 million.
• Insider trading activity includes COO Jennifer Piepszak and CFO Jeremy Barnum selling a combined total of 46,143 shares valued around $11.5 million.
• JPMorgan Chase recently declared a $1.40 quarterly dividend, reflecting an annualized yield of 1.87% and a dividend payout ratio of 28.73%.

Morling Financial Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 178.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,302 shares of the financial services provider's stock after purchasing an additional 3,395 shares during the period. JPMorgan Chase & Co. makes up about 0.4% of Morling Financial Advisors LLC's investment portfolio, making the stock its 27th biggest position. Morling Financial Advisors LLC's holdings in JPMorgan Chase & Co. were worth $1,301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Redwood Park Advisors LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $29,000. Curat Global LLC bought a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $33,000. Investment Counsel Co. of Nevada bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $37,000. Prudent Man Investment Management Inc. bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $43,000. Finally, Measured Risk Portfolios Inc. bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $44,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on JPM shares. Morgan Stanley increased their price objective on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Phillip Securities downgraded shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price for the company. in a research report on Friday, June 27th. Royal Bank Of Canada set a $305.00 target price on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a research report on Monday, June 30th. Finally, TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $288.68.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the sale, the chief operating officer directly owned 62,455 shares of the company's stock, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 owned 91,539 shares in the company, valued at approximately $22,884,750. This represents a 9.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,200 shares of company stock worth $18,060,015 over the last quarter. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock traded down $7.03 during midday trading 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. JPMorgan Chase & Co. has a 1-year low of $190.90 and a 1-year high of $301.29. 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 50-day moving average price of $280.47 and a two-hundred day moving average price of $261.28. The company has a market cap of $803.74 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 2.00 and a beta of 1.11.

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 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 business 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 earned $6.12 EPS. The business's revenue was down 10.5% on a year-over-year basis. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

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

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.