Perigon Wealth Management LLC Raises Holdings in JPMorgan Chase & Co. (NYSE:JPM)

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Perigon Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,410 shares of the financial services provider’s stock after purchasing an additional 2,026 shares during the quarter. JPMorgan Chase & Co. makes up 0.8% of Perigon Wealth Management LLC’s investment portfolio, making the stock its 28th biggest holding. Perigon Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $4,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. NuWave Investment Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $30,000. Lion Street Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth about $37,000. Horan Securities Inc. acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth about $45,000. Efficient Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth about $51,000. Finally, Larson Financial Group LLC boosted its position in shares of JPMorgan Chase & Co. by 217.6% during the 1st quarter. Larson Financial Group LLC now owns 597 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 409 shares in the last quarter. Institutional investors own 71.35% of the company’s stock.

In other news, CEO Mary E. Erdoes sold 24,554 shares of the stock in a transaction that occurred on Wednesday, July 15th. The stock was sold at an average price of $99.52, for a total transaction of $2,443,614.08. Corporate insiders own 0.78% of the company’s stock.

JPM has been the subject of several analyst reports. TheStreet cut JPMorgan Chase & Co. from a “b-” rating to a “c” rating in a research report on Monday, May 11th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 target price for the company in a research report on Thursday, July 9th. Berenberg Bank upped their target price on JPMorgan Chase & Co. from $77.00 to $80.00 and gave the company a “sell” rating in a research report on Monday, July 20th. Oppenheimer reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Finally, Royal Bank of Canada set a $99.00 target price on JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $110.89.

Shares of JPM stock opened at $96.64 on Friday. The company has a market cap of $294.46 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 3.24 and a beta of 1.19. The stock has a 50 day simple moving average of $96.77 and a 200-day simple moving average of $105.48. JPMorgan Chase & Co. has a 12-month low of $76.91 and a 12-month high of $141.10. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.35.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.04. The business had revenue of $32.98 billion during the quarter, compared to the consensus estimate of $30.23 billion. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.82 EPS. On average, equities analysts forecast that JPMorgan Chase & Co. will post 5.96 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 6th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date was Thursday, July 2nd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 34.35%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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