Yeomans Consulting Group Inc. Invests $253,000 in JPMorgan Chase & Co. (NYSE:JPM)

Yeomans Consulting Group Inc. acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,489 shares of the financial services provider’s stock, valued at approximately $253,000.

Several other large investors have also recently bought and sold shares of JPM. Invesco Ltd. boosted its stake in shares of JPMorgan Chase & Co. by 1.9% in the 3rd quarter. Invesco Ltd. now owns 14,545,058 shares of the financial services provider’s stock valued at $2,109,324,000 after purchasing an additional 269,106 shares during the last quarter. Meridian Wealth Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.9% during the 3rd quarter. Meridian Wealth Advisors LLC now owns 52,048 shares of the financial services provider’s stock valued at $7,548,000 after buying an additional 974 shares in the last quarter. Sargent Investment Group LLC lifted its position in JPMorgan Chase & Co. by 14.6% in the 3rd quarter. Sargent Investment Group LLC now owns 27,347 shares of the financial services provider’s stock worth $3,966,000 after buying an additional 3,477 shares during the last quarter. Bowen Hanes & Co. Inc. boosted its stake in JPMorgan Chase & Co. by 2.4% in the third quarter. Bowen Hanes & Co. Inc. now owns 37,835 shares of the financial services provider’s stock worth $5,487,000 after buying an additional 891 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC grew its position in JPMorgan Chase & Co. by 5.8% during the third quarter. Robertson Stephens Wealth Management LLC now owns 36,211 shares of the financial services provider’s stock valued at $5,251,000 after acquiring an additional 1,999 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock traded up $1.11 during mid-day trading on Monday, reaching $194.89. 4,950,598 shares of the company’s stock traded hands, compared to its average volume of 9,121,070. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $559.66 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 2.61 and a beta of 1.12. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $205.88. The firm has a 50 day moving average price of $194.90 and a two-hundred day moving average price of $183.47.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The business had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. On average, research analysts forecast that JPMorgan Chase & Co. will post 16.41 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is 27.78%.

Wall Street Analyst Weigh In

Several research firms recently commented on JPM. Robert W. Baird increased their target price on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. UBS Group increased their price target on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Jefferies Financial Group increased their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Evercore ISI increased their target price on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Finally, Keefe, Bruyette & Woods lifted their price objective on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a report on Tuesday, May 21st. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.10.

Insiders Place Their Bets

In related news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction 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 transaction, the insider now owns 212,265 shares in the company, valued at approximately $42,355,358.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the sale, the general counsel now directly 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 SEC, which is available at this link. Also, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the transaction, the insider now directly owns 212,265 shares in the company, valued at approximately $42,355,358.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 254,485 shares of company stock worth $47,728,528. Company insiders own 0.79% of the company’s stock.

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.