Calton & Associates Inc. Cuts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Calton & Associates Inc. lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,286 shares of the financial services provider’s stock after selling 96 shares during the period. JPMorgan Chase & Co. comprises approximately 0.8% of Calton & Associates Inc.’s holdings, making the stock its 28th largest holding. Calton & Associates Inc.’s holdings in JPMorgan Chase & Co. were worth $1,676,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of JPM. MBL Wealth LLC grew its stake in JPMorgan Chase & Co. by 1.3% in the second quarter. MBL Wealth LLC now owns 10,532 shares of the financial services provider’s stock worth $2,130,000 after purchasing an additional 134 shares during the period. Solitude Financial Services boosted its stake in JPMorgan Chase & Co. by 127.0% in the 2nd quarter. Solitude Financial Services now owns 6,959 shares of the financial services provider’s stock worth $1,408,000 after purchasing an additional 3,894 shares in the last quarter. Oakworth Capital Inc. grew its position in JPMorgan Chase & Co. by 2.4% during the 2nd quarter. Oakworth Capital Inc. now owns 205,176 shares of the financial services provider’s stock valued at $41,499,000 after purchasing an additional 4,803 shares during the last quarter. Allen Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 7.0% during the 2nd quarter. Allen Wealth Management LLC now owns 3,136 shares of the financial services provider’s stock valued at $634,000 after purchasing an additional 205 shares in the last quarter. Finally, Meridian Financial Partners LLC raised its holdings in JPMorgan Chase & Co. by 2.0% in the second quarter. Meridian Financial Partners LLC now owns 9,968 shares of the financial services provider’s stock worth $2,093,000 after buying an additional 192 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on JPM shares. Evercore ISI raised their price target on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $221.00 to $226.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Piper Sandler raised their target price on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Finally, Wells Fargo & Company boosted their target price 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 equities research analysts have rated the stock with a hold rating and twelve have given 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 $205.71.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded up $2.42 during mid-day trading on Friday, reaching $213.97. The company’s stock had a trading volume of 7,931,234 shares, compared to its average volume of 9,221,095. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $217.56. The stock has a fifty day moving average of $204.67 and a two-hundred day moving average of $195.56. The firm has a market capitalization of $614.45 billion, a PE ratio of 11.93, 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 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 return on equity of 17.26% and a net margin of 20.32%. During the same period in the prior year, the company posted $4.37 EPS. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were issued a $1.15 dividend. The ex-dividend date was Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.15%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.66%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Lori A. Beer sold 5,298 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.64, for a total value of $1,062,990.72. Following the sale, the insider now directly owns 46,375 shares of the company’s stock, valued at $9,304,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 5,298 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the completion of the transaction, the insider now owns 46,375 shares in the company, valued at $9,304,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 4,415 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was 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 in the company, valued at $8,452,180.60. The disclosure for this sale can be found here. Insiders sold 14,799 shares of company stock valued at $2,963,721 in the last 90 days. Insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co.

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.