Kanawha Capital Management LLC Grows Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Kanawha Capital Management LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 138,412 shares of the financial services provider's stock after purchasing an additional 1,052 shares during the quarter. JPMorgan Chase & Co. makes up 2.6% of Kanawha Capital Management LLC's portfolio, making the stock its 6th biggest position. Kanawha Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $33,952,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Moody Lynn & Lieberson LLC grew its stake in shares of JPMorgan Chase & Co. by 0.8% in the first quarter. Moody Lynn & Lieberson LLC now owns 196,920 shares of the financial services provider's stock worth $48,304,000 after acquiring an additional 1,649 shares during the last quarter. Aaron Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 6.4% in the first quarter. Aaron Wealth Advisors LLC now owns 20,191 shares of the financial services provider's stock worth $4,953,000 after acquiring an additional 1,218 shares during the last quarter. FSM Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 6.1% in the first quarter. FSM Wealth Advisors LLC now owns 10,903 shares of the financial services provider's stock worth $2,674,000 after acquiring an additional 625 shares during the last quarter. Coastline Trust Co grew its stake in shares of JPMorgan Chase & Co. by 2.3% in the first quarter. Coastline Trust Co now owns 21,481 shares of the financial services provider's stock worth $5,269,000 after acquiring an additional 479 shares during the last quarter. Finally, Fedenia Advisers LLC grew its stake in shares of JPMorgan Chase & Co. by 21.7% in the first quarter. Fedenia Advisers LLC now owns 2,337 shares of the financial services provider's stock worth $573,000 after acquiring an additional 416 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM traded up $4.28 during trading on Thursday, hitting $287.44. The company had a trading volume of 4,203,594 shares, compared to its average volume of 9,546,063. The stock has a 50 day simple moving average of $269.48 and a 200 day simple moving average of $255.64. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89. JPMorgan Chase & Co. has a 12 month low of $190.90 and a 12 month high of $296.40. The firm has a market capitalization of $798.81 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 2.62 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.44. The company had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned $4.44 EPS. As a group, analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 1.95%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

Insiders Place Their Bets

In related news, CFO Jeremy Barnum sold 40,014 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the sale, the chief financial officer owned 18,017 shares of the company's stock, valued at approximately $4,518,123.09. This trade represents a 68.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.00, for a total value of $2,375,000.00. Following the sale, the director directly owned 91,539 shares in the company, valued at $22,884,750. This trade represents a 9.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,200 shares of company stock worth $18,060,015 over the last quarter. Company insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on JPM shares. Morgan Stanley set a $240.00 price objective on JPMorgan Chase & Co. and gave the company an "equal weight" rating in a research report on Monday. Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Keefe, Bruyette & Woods raised JPMorgan Chase & Co. from a "market perform" rating to an "outperform" rating and set a $327.00 price objective on the stock in a research report on Wednesday. Evercore ISI set a $298.00 price objective on JPMorgan Chase & Co. and gave the company an "outperform" rating in a research report on Monday. Finally, UBS Group increased their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $280.45.

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.