JPMorgan Chase & Co. $JPM Shares Acquired by Meridian Wealth Advisors LLC

Meridian Wealth Advisors LLC raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,763 shares of the financial services provider’s stock after buying an additional 574 shares during the quarter. JPMorgan Chase & Co. comprises 2.6% of Meridian Wealth Advisors LLC’s portfolio, making the stock its 8th largest position. Meridian Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $16,746,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. WealthBridge Capital Management LLC grew its position in shares of JPMorgan Chase & Co. by 5.6% in the 2nd quarter. WealthBridge Capital Management LLC now owns 10,795 shares of the financial services provider’s stock worth $3,130,000 after acquiring an additional 573 shares in the last quarter. New World Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 90.4% in the second quarter. New World Advisors LLC now owns 4,441 shares of the financial services provider’s stock worth $1,287,000 after purchasing an additional 2,109 shares during the period. Northeast Planning Associates INC. NH bought a new stake in JPMorgan Chase & Co. during the second quarter valued at $221,000. Bowen Hanes & Co. Inc. increased its stake in JPMorgan Chase & Co. by 1.6% during the second quarter. Bowen Hanes & Co. Inc. now owns 281,884 shares of the financial services provider’s stock valued at $81,721,000 after purchasing an additional 4,450 shares during the last quarter. Finally, Cozad Asset Management Inc. raised its holdings in shares of JPMorgan Chase & Co. by 1.2% during the second quarter. Cozad Asset Management Inc. now owns 12,441 shares of the financial services provider’s stock worth $3,607,000 after purchasing an additional 147 shares during the period. Institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the firm’s 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 approximately $24,492,753.58. This trade represents a 10.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robin Leopold sold 966 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $311.92, for a total transaction of $301,314.72. Following the sale, the insider owned 58,479 shares in the company, valued at $18,240,769.68. This trade 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 insiders.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $313.26 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 has a 50 day simple moving average of $306.89 and a 200-day simple moving average of $293.25. The company has a market cap of $852.78 billion, a PE ratio of 15.52, a P/E/G ratio of 1.84 and a beta of 1.14. JPMorgan Chase & Co. has a 12-month low of $202.16 and a 12-month high of $322.25.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.83 by $0.24. The firm had revenue of $47.12 billion for the quarter, compared to analysts’ expectations of $44.42 billion. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The firm’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm earned $4.37 EPS. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors 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. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.72%.

Analyst Ratings Changes

Several research analysts have recently commented on JPM shares. Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $345.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Daiwa Capital Markets lifted their target price on JPMorgan Chase & Co. from $330.00 to $332.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. TD Cowen increased their price target on JPMorgan Chase & Co. from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Weiss Ratings reissued a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a report on Tuesday. Finally, DZ Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 15th. Fifteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $326.38.

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.