Beaumont Financial Advisors LLC Has $4.07 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Beaumont Financial Advisors LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,293 shares of the financial services provider’s stock after acquiring an additional 931 shares during the period. Beaumont Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $4,065,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Trust Co of the South boosted its position in JPMorgan Chase & Co. by 1.1% during the first quarter. Trust Co of the South now owns 4,946 shares of the financial services provider’s stock valued at $991,000 after buying an additional 53 shares during the period. Inspire Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 2.6% during the 1st quarter. Inspire Advisors LLC now owns 2,103 shares of the financial services provider’s stock valued at $421,000 after acquiring an additional 54 shares during the period. PFW Advisors LLC increased its stake in JPMorgan Chase & Co. by 1.1% in the 1st quarter. PFW Advisors LLC now owns 5,232 shares of the financial services provider’s stock worth $1,048,000 after purchasing an additional 55 shares during the period. Murphy Middleton Hinkle & Parker Inc. lifted its position in JPMorgan Chase & Co. by 2.0% in the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,837 shares of the financial services provider’s stock valued at $568,000 after purchasing an additional 55 shares during the last quarter. Finally, KFG Wealth Management LLC increased its stake in shares of JPMorgan Chase & Co. by 3.6% in the first quarter. KFG Wealth Management LLC now owns 1,594 shares of the financial services provider’s stock worth $319,000 after buying an additional 56 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JPM. Royal Bank of Canada restated an “outperform” rating and issued a $211.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Barclays boosted their target price on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. BMO Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. UBS Group raised their target price on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Finally, StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $202.89.

JPMorgan Chase & Co. Stock Up 0.5 %

JPMorgan Chase & Co. stock traded up $0.99 during mid-day trading on Wednesday, reaching $211.32. The stock had a trading volume of 2,381,142 shares, compared to its average volume of 9,234,442. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $217.56. The company has a 50-day moving average price of $201.98 and a two-hundred day moving average price of $191.08. The company has a market capitalization of $606.84 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 2.47 and a beta of 1.12. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.19 by $1.93. The business had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same period in the previous year, the company earned $4.37 earnings per share. On average, analysts expect that JPMorgan Chase & Co. will post 16.67 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be given a $1.15 dividend. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.18%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.66%.

Insiders Place Their Bets

In other news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the transaction, the insider now directly owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the sale, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the transaction, the insider now directly owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,343 shares of company stock valued at $14,137,789. Corporate insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co.

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.