Bahl & Gaynor Inc. Buys 500,445 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Bahl & Gaynor Inc. lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 42.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,674,988 shares of the financial services provider’s stock after purchasing an additional 500,445 shares during the quarter. JPMorgan Chase & Co. accounts for 1.9% of Bahl & Gaynor Inc.’s portfolio, making the stock its 15th largest position. Bahl & Gaynor Inc.’s holdings in JPMorgan Chase & Co. were worth $335,500,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. MAS Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $203,000. Trustmark National Bank Trust Department raised its position in shares of JPMorgan Chase & Co. by 22.4% in the 1st quarter. Trustmark National Bank Trust Department now owns 28,101 shares of the financial services provider’s stock valued at $5,629,000 after acquiring an additional 5,136 shares during the period. Beaumont Financial Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 4.8% in the 1st quarter. Beaumont Financial Advisors LLC now owns 20,293 shares of the financial services provider’s stock valued at $4,065,000 after buying an additional 931 shares during the period. Cynosure Group LLC grew its stake in JPMorgan Chase & Co. by 54.6% in the first quarter. Cynosure Group LLC now owns 16,151 shares of the financial services provider’s stock valued at $3,235,000 after acquiring an additional 5,702 shares during the period. Finally, ESL Trust Services LLC bought a new position in shares of JPMorgan Chase & Co. during the first quarter worth about $230,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on JPM. Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Tuesday, July 9th. Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Barclays upped their price objective on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Morgan Stanley increased their price target on JPMorgan Chase & Co. from $214.00 to $221.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Finally, Oppenheimer upped their price target on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $202.89.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction dated 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 approximately $42,355,358.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction dated 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 approximately $42,355,358.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the completion of the sale, the insider now owns 6,484 shares of the company’s stock, valued at approximately $1,237,860.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,343 shares of company stock worth $14,137,789. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Trading Up 0.0 %

Shares of JPMorgan Chase & Co. stock traded up $0.10 during trading on Wednesday, hitting $210.43. The stock had a trading volume of 3,010,740 shares, compared to its average volume of 9,238,907. The firm’s fifty day simple moving average is $201.98 and its 200-day simple moving average is $191.08. The stock has a market cap of $604.29 billion, a PE ratio of 11.78, a PEG ratio of 2.47 and a beta of 1.12. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $217.56.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.19 by $1.93. The firm had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same quarter last year, the business earned $4.37 EPS. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 16.67 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 annualized dividend and a dividend yield of 2.19%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.66%.

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.