Motley Fool Asset Management LLC Boosts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Motley Fool Asset Management LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 6.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,099 shares of the financial services provider’s stock after acquiring an additional 5,491 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.1% of Motley Fool Asset Management LLC’s holdings, making the stock its 20th largest position. Motley Fool Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $17,045,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Global Financial Private Client LLC lifted its position in JPMorgan Chase & Co. by 10.6% in the 1st quarter. Global Financial Private Client LLC now owns 7,232 shares of the financial services provider’s stock valued at $1,439,000 after acquiring an additional 693 shares in the last quarter. Meiji Yasuda Life Insurance Co lifted its holdings in shares of JPMorgan Chase & Co. by 11.1% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 137,702 shares of the financial services provider’s stock valued at $27,582,000 after buying an additional 13,799 shares during the period. Innova Wealth Partners bought a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at $212,000. Levin Capital Strategies L.P. lifted its holdings in shares of JPMorgan Chase & Co. by 3.2% during the 1st quarter. Levin Capital Strategies L.P. now owns 182,336 shares of the financial services provider’s stock valued at $36,522,000 after buying an additional 5,641 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 9.8% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 162,967 shares of the financial services provider’s stock valued at $32,642,000 after buying an additional 14,523 shares during the period. 71.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on JPM shares. UBS Group increased their price target on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Barclays raised their target price on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Morgan Stanley raised their target price on JPMorgan Chase & Co. from $221.00 to $226.00 and gave the stock an “overweight” rating in a report on Tuesday. BMO Capital Markets increased their price target on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Finally, Oppenheimer increased their price target on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $203.17.

JPMorgan Chase & Co. Trading Down 1.5 %

NYSE JPM traded down $3.10 during trading on Thursday, hitting $209.70. The stock had a trading volume of 2,242,681 shares, compared to its average volume of 9,166,554. 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 stock has a market capitalization of $602.19 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 2.52 and a beta of 1.12. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $217.56. The stock has a 50 day simple moving average of $203.29 and a 200 day simple moving average of $192.65.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data 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 business had revenue of $50.80 billion during the quarter, compared to the consensus estimate 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 firm earned $4.37 earnings per share. Sell-side analysts predict that JPMorgan Chase & Co. will post 16.7 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.66%.

Insider Activity

In other news, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. 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 owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. 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 transaction, the general counsel now directly owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robin Leopold sold 3,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $198.86, for a total transaction of $596,580.00. Following the transaction, the insider now directly owns 44,113 shares in the company, valued at $8,772,311.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,343 shares of company stock valued at $14,137,789. Corporate 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.