James Hambro & Partners Acquires 1,000 Shares of JPMorgan Chase & Co. (NYSE:JPM)

James Hambro & Partners boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 761,422 shares of the financial services provider’s stock after buying an additional 1,000 shares during the quarter. JPMorgan Chase & Co. makes up 7.2% of James Hambro & Partners’ holdings, making the stock its 3rd biggest holding. James Hambro & Partners’ holdings in JPMorgan Chase & Co. were worth $154,100,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Stone House Investment Management LLC boosted its stake in shares of 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 valued at $27,000 after purchasing an additional 89 shares in the last quarter. Retirement Group LLC boosted its stake in shares of JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 109 shares in the last quarter. Richardson Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at about $34,000. Bare Financial Services Inc bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $35,000. Finally, Partnership Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $36,000. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 0.7 %

Shares of NYSE:JPM traded up $1.53 during mid-day trading on Wednesday, hitting $209.47. 2,353,968 shares of the company traded hands, compared to its average volume of 9,212,940. The stock has a market cap of $601.53 billion, a P/E ratio of 11.63, a P/E/G ratio of 2.42 and a beta of 1.12. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $217.56. The stock has a 50-day moving average price of $203.84 and a two-hundred day moving average price of $194.92.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $50.80 billion for the quarter, compared to analysts’ expectations of $42.23 billion. During the same quarter in the previous year, the firm earned $4.37 earnings per share. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were given a $1.15 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.20%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.66%.

Insiders Place Their Bets

In other news, insider Lori A. Beer sold 5,298 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 46,375 shares of the company’s stock, valued at approximately $9,304,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, General Counsel Stacey Friedman sold 4,415 shares of the company’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 transaction, the general counsel now owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lori A. Beer sold 5,298 shares of the business’s stock in a transaction 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 sale, the insider now owns 46,375 shares in the company, valued at $9,304,680. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,799 shares of company stock valued at $2,963,721. Insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their price objective 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. Barclays lifted their target price on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. BMO Capital Markets lifted their target price on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Citigroup lifted their target price on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Finally, Evercore ISI lifted their target price on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.