Vista Investment Partners LLC Has $2.13 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Vista Investment Partners LLC raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,616 shares of the financial services provider’s stock after buying an additional 111 shares during the period. Vista Investment Partners LLC’s holdings in JPMorgan Chase & Co. were worth $2,126,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC increased its stake in shares of JPMorgan Chase & Co. by 4.1% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 40,440 shares of the financial services provider’s stock worth $8,100,000 after purchasing an additional 1,597 shares during the last quarter. Beacon Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 21.3% during the 1st quarter. Beacon Capital Management LLC now owns 2,536 shares of the financial services provider’s stock worth $508,000 after purchasing an additional 445 shares during the last quarter. Hancock Whitney Corp increased its stake in shares of JPMorgan Chase & Co. by 2.5% during the 1st quarter. Hancock Whitney Corp now owns 248,381 shares of the financial services provider’s stock worth $49,751,000 after purchasing an additional 6,164 shares during the last quarter. Adalta Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 1.6% during the 1st quarter. Adalta Capital Management LLC now owns 48,989 shares of the financial services provider’s stock worth $9,812,000 after purchasing an additional 780 shares during the last quarter. Finally, Coppell Advisory Solutions Corp. acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth about $15,591,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock traded down $4.84 on Thursday, reaching $207.96. 10,893,066 shares of the stock were exchanged, compared to its average volume of 9,228,397. The firm’s 50 day moving average is $203.29 and its 200-day moving average is $192.65. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $217.56. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91. The firm has a market cap of $597.19 billion, a PE ratio of 11.61, a P/E/G ratio of 2.52 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The company had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. During the same quarter in the prior year, the firm posted $4.37 EPS. As a group, analysts anticipate that JPMorgan Chase & Co. will post 16.7 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is 25.66%.

Insider Buying and Selling

In related news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total transaction of $984,853.04. Following the completion of the transaction, the insider now directly owns 217,351 shares in the company, valued at approximately $42,087,847.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 5,298 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $200.64, for a total value of $1,062,990.72. Following the completion of the transaction, the insider now directly owns 46,375 shares in the company, valued at approximately $9,304,680. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total transaction of $984,853.04. Following the completion of the transaction, the insider now owns 217,351 shares of the company’s stock, valued at $42,087,847.64. The disclosure for this sale can be found here. Insiders sold a total of 72,343 shares of company stock worth $14,137,789 in the last three months. 0.79% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JPM. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Oppenheimer lifted their target price on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Evercore ISI lifted their target price on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. BMO Capital Markets lifted their target price on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Finally, Piper Sandler lifted their target price on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $203.17.

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.