Newman Dignan & Sheerar Inc. Has $5.91 Million Holdings in JPMorgan Chase & Co. $JPM

Newman Dignan & Sheerar Inc. cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,399 shares of the financial services provider’s stock after selling 1,590 shares during the period. JPMorgan Chase & Co. comprises approximately 1.4% of Newman Dignan & Sheerar Inc.’s investment portfolio, making the stock its 19th biggest position. Newman Dignan & Sheerar Inc.’s holdings in JPMorgan Chase & Co. were worth $5,914,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of JPM. Brighton Jones LLC grew its stake in shares of JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after purchasing an additional 4,841 shares during the last quarter. McDonough Capital Management Inc grew its stake in shares of JPMorgan Chase & Co. by 6.6% in the first quarter. McDonough Capital Management Inc now owns 4,354 shares of the financial services provider’s stock worth $1,068,000 after purchasing an additional 271 shares during the last quarter. Centricity Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. by 3.4% in the first quarter. Centricity Wealth Management LLC now owns 3,099 shares of the financial services provider’s stock worth $760,000 after purchasing an additional 101 shares during the last quarter. Baldwin Wealth Partners LLC MA grew its stake in shares of JPMorgan Chase & Co. by 0.3% in the first quarter. Baldwin Wealth Partners LLC MA now owns 94,046 shares of the financial services provider’s stock worth $23,070,000 after purchasing an additional 241 shares during the last quarter. Finally, Greystone Financial Group LLC grew its stake in shares of JPMorgan Chase & Co. by 1.4% in the first quarter. Greystone Financial Group LLC now owns 60,166 shares of the financial services provider’s stock worth $14,759,000 after purchasing an additional 859 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $307.61 on Wednesday. The stock has a market capitalization of $845.85 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13. The company’s 50-day moving average is $301.10 and its 200-day moving average is $275.67. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.48 by $0.48. The company had revenue of $44.91 billion for the quarter, compared to analysts’ expectations of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business’s revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.12 EPS. Equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be given a dividend of $1.50 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Monday, October 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. JPMorgan Chase & Co.’s payout ratio is currently 30.79%.

Insider Activity

In other news, Director Linda Bammann sold 9,500 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the transaction, the director owned 82,207 shares of the company’s stock, valued at $24,492,753.58. This represents a 10.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is owned by company insiders.

Analyst Ratings Changes

JPM has been the topic of several analyst reports. Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Friday, June 27th. Zacks Research cut shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, September 11th. Citigroup upped their price target on shares of JPMorgan Chase & Co. from $275.00 to $325.00 and gave the company a “neutral” rating in a research report on Wednesday, September 24th. Finally, Evercore ISI upped their price target on shares of JPMorgan Chase & Co. from $309.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Fifteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $309.95.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.