JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Increased by TruNorth Capital Management LLC

TruNorth Capital Management LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 350.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,659 shares of the financial services provider's stock after buying an additional 2,847 shares during the period. TruNorth Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $898,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Q3 Asset Management purchased a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $2,898,000. Fulton Breakefield Broenniman LLC grew its position in JPMorgan Chase & Co. by 211.0% during the 1st quarter. Fulton Breakefield Broenniman LLC now owns 53,636 shares of the financial services provider's stock worth $13,157,000 after purchasing an additional 36,387 shares in the last quarter. Platform Technology Partners grew its position in JPMorgan Chase & Co. by 3.2% during the 1st quarter. Platform Technology Partners now owns 28,038 shares of the financial services provider's stock worth $6,878,000 after purchasing an additional 880 shares in the last quarter. BankPlus Trust Department raised its position in JPMorgan Chase & Co. by 3.3% during the first quarter. BankPlus Trust Department now owns 13,197 shares of the financial services provider's stock valued at $3,237,000 after buying an additional 421 shares during the period. Finally, Realta Investment Advisors increased its holdings in shares of JPMorgan Chase & Co. by 2.6% in the 1st quarter. Realta Investment Advisors now owns 5,973 shares of the financial services provider's stock valued at $1,465,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Up 0.5%

Shares of JPM stock opened at $291.22 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $809.33 billion, a P/E ratio of 14.94, a P/E/G ratio of 2.54 and a beta of 1.10. JPMorgan Chase & Co. has a 12-month low of $190.90 and a 12-month high of $296.40. The firm has a 50-day moving average price of $274.67 and a 200 day moving average price of $258.05.

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 EPS for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. The firm had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company's revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.12 EPS. Research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is 28.73%.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of recent research reports. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a research note on Wednesday. UBS Group increased their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Morgan Stanley boosted their target price 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. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday. Finally, Hsbc Global Res lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $288.68.

Insider Buying and Selling

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

About JPMorgan Chase & Co.

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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