JPMorgan Chase & Co. $JPM Shares Acquired by Providence First Trust Co

Providence First Trust Co increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 29.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,881 shares of the financial services provider’s stock after buying an additional 2,897 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.3% of Providence First Trust Co’s portfolio, making the stock its 20th largest position. Providence First Trust Co’s holdings in JPMorgan Chase & Co. were worth $3,734,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Florida Financial Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 62.5% during the first quarter. Florida Financial Advisors LLC now owns 9,863 shares of the financial services provider’s stock valued at $2,416,000 after acquiring an additional 3,792 shares during the last quarter. Mosaic Financial Group LLC boosted its position in shares of JPMorgan Chase & Co. by 0.8% during the 1st quarter. Mosaic Financial Group LLC now owns 9,296 shares of the financial services provider’s stock worth $2,280,000 after purchasing an additional 78 shares during the period. Morse Asset Management Inc increased its holdings in JPMorgan Chase & Co. by 19.5% in the 1st quarter. Morse Asset Management Inc now owns 2,569 shares of the financial services provider’s stock valued at $630,000 after purchasing an additional 420 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its position in JPMorgan Chase & Co. by 11.1% in the first quarter. China Universal Asset Management Co. Ltd. now owns 15,648 shares of the financial services provider’s stock valued at $3,838,000 after purchasing an additional 1,561 shares during the period. Finally, Woodward Diversified Capital LLC lifted its stake in JPMorgan Chase & Co. by 3.4% during the first quarter. Woodward Diversified Capital LLC now owns 8,032 shares of the financial services provider’s stock worth $1,970,000 after purchasing an additional 263 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 0.3%

Shares of JPMorgan Chase & Co. stock opened at $314.30 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $318.01. The company has a market capitalization of $864.26 billion, a P/E ratio of 15.57, a P/E/G ratio of 1.84 and a beta of 1.14. The company has a 50 day moving average of $306.18 and a 200 day moving average of $286.92.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.83 by $0.24. The business had revenue of $46.43 billion for the quarter, compared to analyst estimates of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The company’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the business earned $4.37 EPS. As a group, research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 6th were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Monday, October 6th. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s payout ratio is currently 29.72%.

Insider Transactions at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the transaction, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robin Leopold sold 966 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $311.92, for a total value of $301,314.72. Following the sale, the insider directly owned 58,479 shares in the company, valued at $18,240,769.68. This trade represents a 1.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JPM. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $366.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 14th. UBS Group raised their target price on JPMorgan Chase & Co. from $339.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $343.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 14th. Wall Street Zen raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, TD Cowen lifted their price objective on shares of JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $326.38.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.