Capital Market Strategies LLC Purchases 593 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Capital Market Strategies LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 38.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,150 shares of the financial services provider’s stock after purchasing an additional 593 shares during the quarter. Capital Market Strategies LLC’s holdings in JPMorgan Chase & Co. were worth $435,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. PFG Advisors grew its holdings in shares of JPMorgan Chase & Co. by 4.9% during the fourth quarter. PFG Advisors now owns 37,537 shares of the financial services provider’s stock worth $6,385,000 after purchasing an additional 1,759 shares in the last quarter. Strategic Advisors LLC raised its position in JPMorgan Chase & Co. by 1.0% during the fourth quarter. Strategic Advisors LLC now owns 44,359 shares of the financial services provider’s stock valued at $7,546,000 after purchasing an additional 445 shares in the last quarter. Mirador Capital Partners LP boosted its holdings in shares of JPMorgan Chase & Co. by 0.9% in the 4th quarter. Mirador Capital Partners LP now owns 51,276 shares of the financial services provider’s stock worth $8,722,000 after purchasing an additional 475 shares in the last quarter. Wells Trecaso Financial Group LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.3% during the 4th quarter. Wells Trecaso Financial Group LLC now owns 64,544 shares of the financial services provider’s stock valued at $10,979,000 after buying an additional 164 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC lifted its position in JPMorgan Chase & Co. by 2.8% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 7,561 shares of the financial services provider’s stock worth $1,301,000 after buying an additional 203 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Activity

In other news, General Counsel Stacey Friedman sold 4,415 shares of the business’s stock in a transaction on Monday, May 20th. The stock was 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 $8,452,180.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the completion of the sale, the insider now owns 212,265 shares of the company’s stock, valued at approximately $42,355,358.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 4,415 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was 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 $8,452,180.60. The disclosure for this sale can be found here. Insiders have sold a total of 72,343 shares of company stock worth $14,137,789 over the last 90 days. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Stock Down 4.2 %

NYSE:JPM traded down $8.82 during trading hours on Friday, reaching $199.14. 18,041,676 shares of the company traded hands, compared to its average volume of 9,240,251. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. The business’s 50-day moving average price is $203.48 and its two-hundred day moving average price is $193.14. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $217.56. The stock has a market capitalization of $571.86 billion, a P/E ratio of 11.11, a P/E/G ratio of 2.42 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly 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. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The firm had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. During the same quarter in the previous year, the firm earned $4.37 EPS. Analysts predict that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th were paid a $1.15 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $4.60 annualized dividend and a dividend yield of 2.31%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.66%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Evercore ISI increased their target price on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Barclays lifted their price target on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Robert W. Baird raised their price target on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Finally, Jefferies Financial Group boosted their price objective on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.71.

JPMorgan Chase & Co. Company 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.