OMC Financial Services LTD Boosts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

OMC Financial Services LTD raised its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 33.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 10,460 shares of the financial services provider's stock after acquiring an additional 2,620 shares during the period. JPMorgan Chase & Co. comprises 1.2% of OMC Financial Services LTD's portfolio, making the stock its 21st biggest position. OMC Financial Services LTD's holdings in JPMorgan Chase & Co. were worth $2,566,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Rehmann Capital Advisory Group lifted its stake in JPMorgan Chase & Co. by 6.8% in the 1st quarter. Rehmann Capital Advisory Group now owns 31,998 shares of the financial services provider's stock valued at $7,849,000 after acquiring an additional 2,030 shares in the last quarter. Slagle Financial LLC raised its stake in shares of JPMorgan Chase & Co. by 2.3% during the 1st quarter. Slagle Financial LLC now owns 21,935 shares of the financial services provider's stock worth $5,381,000 after purchasing an additional 492 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in shares of JPMorgan Chase & Co. by 8.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 5,326 shares of the financial services provider's stock worth $1,283,000 after purchasing an additional 419 shares in the last quarter. Dogwood Wealth Management LLC raised its stake in shares of JPMorgan Chase & Co. by 3.0% during the 1st quarter. Dogwood Wealth Management LLC now owns 5,885 shares of the financial services provider's stock worth $1,444,000 after purchasing an additional 174 shares in the last quarter. Finally, Principal Securities Inc. raised its stake in shares of JPMorgan Chase & Co. by 0.4% during the 1st quarter. Principal Securities Inc. now owns 77,523 shares of the financial services provider's stock worth $18,583,000 after purchasing an additional 330 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Up 1.4%

JPMorgan Chase & Co. stock traded up $3.89 during trading hours on Thursday, hitting $289.71. The stock had a trading volume of 4,322,219 shares, compared to its average volume of 9,510,110. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. The stock has a market cap of $805.13 billion, a price-to-earnings ratio of 14.84, a P/E/G ratio of 2.61 and a beta of 1.10. JPMorgan Chase & Co. has a one year low of $190.90 and a one year high of $296.40. The business's 50 day simple moving average is $273.18 and its 200-day simple moving average is $257.22.

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 analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 17.06% and a net margin of 20.52%. The company had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same period last year, the company earned $6.12 earnings per share. The firm's revenue was down 10.5% compared to the same quarter last year. On average, equities analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 1.93%. JPMorgan Chase & Co.'s dividend payout ratio is 28.73%.

Insider Transactions at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the business's 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 completion of the sale, the director owned 91,539 shares in the company, valued at $22,884,750. The trade was a 9.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 value of $1,608,416.16. Following the transaction, the chief operating officer directly owned 62,455 shares in the company, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,200 shares of company stock worth $18,060,015. Insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JPM. HSBC reiterated a "reduce" rating and set a $259.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Piper Sandler reiterated an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Evercore ISI set a $298.00 price target on JPMorgan Chase & Co. and gave the company an "outperform" rating in a research note on Monday, July 7th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $288.68.

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.