Leavell Investment Management Inc. Buys 2,045 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Leavell Investment Management Inc. lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,599 shares of the financial services provider’s stock after purchasing an additional 2,045 shares during the quarter. JPMorgan Chase & Co. comprises 1.0% of Leavell Investment Management Inc.’s investment portfolio, making the stock its 16th biggest holding. Leavell Investment Management Inc.’s holdings in JPMorgan Chase & Co. were worth $18,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Stone House Investment Management LLC lifted its position in JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 89 shares in the last quarter. Retirement Group LLC lifted its position in JPMorgan Chase & Co. by 227.1% in the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 109 shares in the last quarter. Richardson Capital Management LLC bought a new position in JPMorgan Chase & Co. in the 1st quarter valued at about $34,000. Davidson Capital Management Inc. bought a new position in JPMorgan Chase & Co. in the 1st quarter valued at about $37,000. Finally, Kathleen S. Wright Associates Inc. bought a new position in JPMorgan Chase & Co. in the 1st quarter valued at about $40,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock traded up $1.11 during mid-day trading on Friday, reaching $212.66. The company’s stock had a trading volume of 579,424 shares, compared to its average volume of 9,174,582. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $217.56. The company has a market capitalization of $610.69 billion, a P/E ratio of 11.80, a PEG ratio of 2.42 and a beta of 1.12. 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’s fifty day moving average price is $204.39 and its two-hundred day moving average price is $195.14.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share 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 business had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. During the same period in the previous year, the business earned $4.37 EPS. Sell-side analysts predict that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were paid a $1.15 dividend. The ex-dividend date was Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.16%. JPMorgan Chase & Co.’s dividend payout ratio is 25.66%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 5,298 shares of the firm’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 completion of the transaction, the insider now directly 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 SEC, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $42,355,358.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Lori A. Beer sold 5,298 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 46,375 shares of the company’s stock, valued at $9,304,680. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,799 shares of company stock worth $2,963,721. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on JPM shares. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Robert W. Baird lifted their target price on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. 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 research 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 research report on Monday, July 15th. Finally, Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently 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.