Intergy Private Wealth LLC Increases Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Intergy Private Wealth LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,884 shares of the financial services provider’s stock after buying an additional 137 shares during the period. Intergy Private Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $583,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Stone House Investment Management LLC increased its position in JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 89 shares during the last quarter. Retirement Group LLC increased its position in JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 109 shares during the last quarter. Richardson Capital Management LLC acquired a new position in JPMorgan Chase & Co. during the first quarter worth approximately $34,000. Bare Financial Services Inc acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $35,000. Finally, Partnership Wealth Management LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 5,298 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the transaction, the insider now owns 46,375 shares of the company’s stock, valued at approximately $9,304,680. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the completion of the transaction, the insider now directly owns 212,265 shares in the company, valued at $42,355,358.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lori A. Beer sold 5,298 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the completion of the transaction, the insider now owns 46,375 shares of the company’s stock, valued at $9,304,680. The disclosure for this sale can be found here. Insiders have sold a total of 14,799 shares of company stock valued at $2,963,721 in the last quarter. Company insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the subject of several research analyst reports. Barclays upped their price target on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Evercore ISI boosted their price objective on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” 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 stock a “market perform” rating in a research note on Thursday, July 11th. Finally, Oppenheimer boosted their price objective on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.71.

JPMorgan Chase & Co. Stock Up 0.4 %

NYSE JPM traded up $0.76 during trading hours on Tuesday, reaching $206.95. 2,812,969 shares of the company traded hands, compared to its average volume of 9,235,024. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $217.56. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $594.29 billion, a PE ratio of 11.55, a PEG ratio of 2.42 and a beta of 1.12. The company has a 50 day moving average of $203.66 and a two-hundred day moving average of $194.67.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating 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 firm had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. During the same period in the prior year, the firm posted $4.37 EPS. As a group, equities analysts expect that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were issued a $1.15 dividend. The ex-dividend date was Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.22%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.66%.

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.