Hunter Associates Investment Management LLC Sells 670 Shares of JPMorgan Chase & Co. $JPM

Hunter Associates Investment Management LLC reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,804 shares of the financial services provider’s stock after selling 670 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,840,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Westside Investment Management Inc. raised its holdings in shares of JPMorgan Chase & Co. by 6.9% in the second quarter. Westside Investment Management Inc. now owns 6,402 shares of the financial services provider’s stock valued at $1,857,000 after purchasing an additional 416 shares during the last quarter. Texas Bank & Trust Co increased its position in JPMorgan Chase & Co. by 0.5% during the 2nd quarter. Texas Bank & Trust Co now owns 29,125 shares of the financial services provider’s stock worth $8,444,000 after buying an additional 153 shares during the period. Benchmark Financial Wealth Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 23.6% in the second quarter. Benchmark Financial Wealth Advisors LLC now owns 5,115 shares of the financial services provider’s stock valued at $1,483,000 after buying an additional 977 shares during the period. Burney Co. increased its holdings in JPMorgan Chase & Co. by 0.6% in the 2nd quarter. Burney Co. now owns 115,980 shares of the financial services provider’s stock valued at $33,624,000 after buying an additional 695 shares during the period. Finally, Telos Capital Management Inc. lifted its position in shares of JPMorgan Chase & Co. by 1.6% during the 2nd quarter. Telos Capital Management Inc. now owns 66,323 shares of the financial services provider’s stock worth $19,228,000 after buying an additional 1,036 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $320.11 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.86. The stock’s fifty day moving average is $307.23 and its 200 day moving average is $288.84. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $322.25. The firm has a market capitalization of $871.42 billion, a PE ratio of 15.85, a PEG ratio of 1.84 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The business had revenue of $46.43 billion during the quarter, compared to the consensus estimate of $44.42 billion. During the same period in the previous year, the company posted $4.37 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 6th were paid a dividend of $1.50 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date was Monday, October 6th. This represents a $6.00 annualized dividend and a yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.72%.

Insiders Place Their Bets

In related news, Director Linda Bammann sold 9,500 shares of the business’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 completion of the transaction, the director directly owned 82,207 shares of the company’s stock, valued at $24,492,753.58. The trade was a 10.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robin Leopold sold 966 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $311.92, for a total value of $301,314.72. Following the completion of the sale, the insider owned 58,479 shares in the company, valued at approximately $18,240,769.68. This represents a 1.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on JPM shares. Wall Street Zen raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings lowered shares of JPMorgan Chase & Co. from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, November 7th. The Goldman Sachs Group restated a “buy” rating and set a $366.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 14th. DZ Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 15th. Finally, KGI Securities lifted their target price on shares of JPMorgan Chase & Co. from $300.00 to $315.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $326.38.

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.