Great Valley Advisor Group Inc. Has $27.68 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Great Valley Advisor Group Inc. lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,852 shares of the financial services provider’s stock after purchasing an additional 6,710 shares during the quarter. JPMorgan Chase & Co. accounts for about 0.8% of Great Valley Advisor Group Inc.’s portfolio, making the stock its 23rd biggest position. Great Valley Advisor Group Inc.’s holdings in JPMorgan Chase & Co. were worth $27,679,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of JPM. Wellington Wealth Strategies LLC. bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $1,145,000. Cooper Financial Group lifted its stake in JPMorgan Chase & Co. by 12.8% in the 1st quarter. Cooper Financial Group now owns 8,693 shares of the financial services provider’s stock valued at $1,741,000 after acquiring an additional 984 shares in the last quarter. Sutton Place Investors LLC grew its stake in shares of JPMorgan Chase & Co. by 179.5% during the 4th quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider’s stock worth $2,228,000 after acquiring an additional 8,412 shares in the last quarter. Spartan Planning & Wealth Management grew its stake in shares of JPMorgan Chase & Co. by 257.3% during the 4th quarter. Spartan Planning & Wealth Management now owns 3,780 shares of the financial services provider’s stock worth $643,000 after acquiring an additional 2,722 shares in the last quarter. Finally, jvl associates llc raised its holdings in shares of JPMorgan Chase & Co. by 59.8% in the first quarter. jvl associates llc now owns 1,911 shares of the financial services provider’s stock valued at $383,000 after purchasing an additional 715 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock traded up $1.71 during trading on Wednesday, hitting $209.65. The company had a trading volume of 2,500,344 shares, compared to its average volume of 9,213,873. The stock’s 50-day moving average price is $203.84 and its 200 day moving average price is $194.92. 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 capitalization of $602.05 billion, a P/E ratio of 11.67, a price-to-earnings-growth ratio of 2.42 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 EPS for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion for the quarter, compared to analysts’ expectations of $42.23 billion. During the same quarter last year, the business earned $4.37 earnings per share. Equities analysts expect that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, July 5th. This represents a $4.60 annualized dividend and a dividend yield of 2.19%. JPMorgan Chase & Co.’s dividend payout ratio is 25.66%.

Insider Activity at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 4,415 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the transaction, the general counsel now owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the transaction, the general counsel now owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ashley Bacon sold 5,086 shares of the firm’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 completion of the sale, the insider now owns 212,265 shares in the company, valued at $42,355,358.10. The disclosure for this sale can be found here. Insiders have sold 14,799 shares of company stock valued at $2,963,721 over the last three months. 0.79% of the stock is owned by insiders.

Analysts Set New Price Targets

JPM has been the subject of a number of analyst reports. Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Citigroup increased their price target on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $211.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $205.71.

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, 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.