Blue Trust Inc. Grows Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Blue Trust Inc. raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 16.2% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 33,710 shares of the financial services provider’s stock after buying an additional 4,693 shares during the period. Blue Trust Inc.’s holdings in JPMorgan Chase & Co. were worth $6,752,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gemmer Asset Management LLC grew its stake in JPMorgan Chase & Co. by 1.6% in the 2nd quarter. Gemmer Asset Management LLC now owns 3,135 shares of the financial services provider’s stock worth $634,000 after acquiring an additional 48 shares during the period. Northside Capital Management LLC grew its stake in JPMorgan Chase & Co. by 0.7% in the 2nd quarter. Northside Capital Management LLC now owns 6,750 shares of the financial services provider’s stock worth $1,365,000 after acquiring an additional 50 shares during the period. Highland Financial Advisors LLC grew its stake in JPMorgan Chase & Co. by 0.7% in the 2nd quarter. Highland Financial Advisors LLC now owns 7,056 shares of the financial services provider’s stock worth $1,427,000 after acquiring an additional 50 shares during the period. Trust Co of the South grew its stake in JPMorgan Chase & Co. by 1.1% in the 1st quarter. Trust Co of the South now owns 4,946 shares of the financial services provider’s stock worth $991,000 after acquiring an additional 53 shares during the period. Finally, Forza Wealth Management LLC grew its stake in JPMorgan Chase & Co. by 0.3% in the 2nd quarter. Forza Wealth Management LLC now owns 17,257 shares of the financial services provider’s stock worth $3,490,000 after acquiring an additional 53 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Activity

In other news, insider Lori A. Beer sold 5,298 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $200.64, for a total value of $1,062,990.72. Following the completion of the transaction, the insider now directly owns 46,375 shares in the company, valued at $9,304,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Lori A. Beer sold 5,298 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $200.64, for a total value of $1,062,990.72. Following the completion of the transaction, the insider now directly owns 46,375 shares in the company, valued at $9,304,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ashley Bacon sold 5,086 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The disclosure for this sale can be found here. Insiders sold 14,799 shares of company stock worth $2,963,721 over the last three months. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the subject of several research reports. Barclays boosted their price objective 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. Oppenheimer boosted their price objective on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Morgan Stanley boosted their price objective on shares of JPMorgan Chase & Co. from $221.00 to $226.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. 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 note on Wednesday, July 3rd. Finally, Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average target price of $205.71.

JPMorgan Chase & Co. Stock Up 1.1 %

Shares of JPMorgan Chase & Co. stock traded up $2.42 during trading on Friday, reaching $213.97. The company had a trading volume of 7,931,234 shares, compared to its average volume of 9,221,095. The company has a market cap of $614.45 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12. The firm’s fifty day moving average is $204.67 and its 200-day moving average is $195.43. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $217.56.

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 for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The business had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. During the same quarter in the prior year, the firm earned $4.37 EPS. On average, analysts anticipate that JPMorgan Chase & Co. will post 16.78 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.15%. The ex-dividend date was Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.66%.

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.