Kingdom Financial Group LLC. Acquires Shares of 2,154 JPMorgan Chase & Co. $JPM

Kingdom Financial Group LLC. bought a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,154 shares of the financial services provider’s stock, valued at approximately $624,000. JPMorgan Chase & Co. makes up 0.5% of Kingdom Financial Group LLC.’s holdings, making the stock its 22nd largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brown Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. by 18.9% in the second quarter. Brown Wealth Management LLC now owns 2,806 shares of the financial services provider’s stock worth $813,000 after acquiring an additional 446 shares during the last quarter. FineMark National Bank & Trust grew its holdings in shares of JPMorgan Chase & Co. by 33.4% during the second quarter. FineMark National Bank & Trust now owns 192,827 shares of the financial services provider’s stock valued at $55,902,000 after buying an additional 48,314 shares during the last quarter. Copperleaf Capital LLC increased its position in shares of JPMorgan Chase & Co. by 13.6% during the second quarter. Copperleaf Capital LLC now owns 5,553 shares of the financial services provider’s stock valued at $1,610,000 after acquiring an additional 664 shares in the last quarter. Stonebrook Private Inc. raised its holdings in JPMorgan Chase & Co. by 1.0% in the 2nd quarter. Stonebrook Private Inc. now owns 32,870 shares of the financial services provider’s stock worth $9,470,000 after acquiring an additional 315 shares during the last quarter. Finally, Traub Capital Management LLC purchased a new position in JPMorgan Chase & Co. in the 2nd quarter worth approximately $204,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Robin Leopold sold 966 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 transaction, the insider owned 58,479 shares of the company’s stock, valued at $18,240,769.68. The trade was a 1.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction that occurred 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 owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.47% of the stock is owned by insiders.

JPMorgan Chase & Co. Trading Up 1.7%

Shares of NYSE:JPM opened at $308.09 on Friday. The company has a market capitalization of $838.71 billion, a PE ratio of 15.26, a P/E/G ratio of 1.84 and a beta of 1.14. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. JPMorgan Chase & Co. has a 12-month low of $202.16 and a 12-month high of $322.25. The business’s fifty day simple moving average is $306.91 and its 200-day simple moving average is $292.67.

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, topping analysts’ consensus estimates 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 firm had revenue of $47.12 billion during the quarter, compared to analysts’ expectations of $44.42 billion. During the same period in the prior year, the business posted $4.37 EPS. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

Analyst Ratings Changes

JPM has been the subject of a number of research analyst reports. KGI Securities lifted their target price on JPMorgan Chase & Co. from $300.00 to $315.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. DZ Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 15th. Dbs Bank upgraded JPMorgan Chase & Co. to a “hold” rating in a research note on Tuesday, October 21st. Evercore ISI increased their price target on JPMorgan Chase & Co. from $309.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $343.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 14th. Fifteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Hold” and a consensus price target of $326.38.

About JPMorgan Chase & Co.

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.