CKW Financial Group Sells 180 Shares of JPMorgan Chase & Co. $JPM

CKW Financial Group trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,250 shares of the financial services provider’s stock after selling 180 shares during the period. JPMorgan Chase & Co. makes up 0.3% of CKW Financial Group’s investment portfolio, making the stock its 15th largest holding. CKW Financial Group’s holdings in JPMorgan Chase & Co. were worth $2,977,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Perfromance Wealth Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 2.0% during the 2nd quarter. Perfromance Wealth Partners LLC now owns 203,613 shares of the financial services provider’s stock worth $59,030,000 after buying an additional 4,036 shares in the last quarter. Naviter Wealth LLC boosted its holdings in shares of JPMorgan Chase & Co. by 2.4% during the 2nd quarter. Naviter Wealth LLC now owns 29,960 shares of the financial services provider’s stock worth $8,686,000 after buying an additional 700 shares in the last quarter. Sage Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $209,000. Revolve Wealth Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.0% during the 2nd quarter. Revolve Wealth Partners LLC now owns 14,042 shares of the financial services provider’s stock worth $4,071,000 after buying an additional 145 shares in the last quarter. Finally, Elefante Mark B bought a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $231,000. 71.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

JPM has been the subject of several research reports. Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. DZ Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 15th. Wolfe Research lifted their price target on shares of JPMorgan Chase & Co. from $342.00 to $346.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Daiwa Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $330.00 to $332.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Finally, Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $322.27.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the transaction, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $300.27 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock’s fifty day simple moving average is $303.43 and its two-hundred day simple moving average is $281.11. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $318.01. The stock has a market cap of $825.66 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 1.77 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.83 by $0.24. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The business had revenue of $46.43 billion for the quarter, compared to analysts’ expectations of $44.42 billion. During the same period last year, the business earned $4.37 EPS. The business’s revenue was up 8.8% on a year-over-year basis. As a group, analysts forecast 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. Shareholders of record on Monday, October 6th will be paid 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 is Monday, October 6th. This represents a $6.00 annualized dividend and a yield of 2.0%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.72%.

JPMorgan Chase & Co. 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.