Lavaca Capital LLC Acquires New Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Lavaca Capital LLC bought a new position in JPMorgan Chase & Co. (NYSE:JPM) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,007 shares of the financial services provider’s stock, valued at approximately $202,000.

A number of other large investors have also recently added to or reduced their stakes in JPM. Stone House Investment Management LLC raised its holdings 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 worth $27,000 after acquiring an additional 89 shares during the period. Retirement Group LLC increased its stake in shares of JPMorgan Chase & Co. by 227.1% in the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 109 shares during the period. Richardson Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth about $34,000. Bare Financial Services Inc bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $35,000. Finally, Partnership Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $36,000. Institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Elena A. Korablina sold 21,829 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $190.91, for a total value 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 $1,237,860.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Elena A. Korablina sold 21,829 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the transaction, the insider now owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 4,415 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the transaction, the general counsel now owns 42,124 shares in the company, valued at approximately $8,452,180.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,343 shares of company stock worth $14,137,789. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on JPM shares. Royal Bank of Canada reissued an “outperform” rating and issued a $211.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Keefe, Bruyette & Woods increased their price target on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Tuesday, July 9th. Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Barclays increased their target price on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Finally, 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 research report on Thursday, July 11th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $202.89.

JPMorgan Chase & Co. Price Performance

NYSE JPM traded down $1.39 during trading hours on Monday, reaching $210.85. 6,071,858 shares of the company’s stock were exchanged, compared to its average volume of 9,220,535. The firm has a fifty day moving average of $202.69 and a 200-day moving average of $192.18. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $217.56. The stock has a market cap of $605.49 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 2.49 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. (NYSE:JPM) last posted its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $50.80 billion for the quarter, compared to analyst estimates 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 predict that JPMorgan Chase & Co. will post 16.67 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio 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.