First Pacific Financial Boosts Stake in JPMorgan Chase & Co. $JPM

First Pacific Financial lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 530.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 21,104 shares of the financial services provider’s stock after purchasing an additional 17,755 shares during the period. JPMorgan Chase & Co. makes up approximately 0.9% of First Pacific Financial’s holdings, making the stock its 17th largest holding. First Pacific Financial’s holdings in JPMorgan Chase & Co. were worth $6,118,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC raised its stake in JPMorgan Chase & Co. by 11.0% during 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 period. McDonough Capital Management Inc raised its stake in JPMorgan Chase & Co. by 6.6% during 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 period. Centricity Wealth Management LLC raised its stake in JPMorgan Chase & Co. by 3.4% during 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 period. Baldwin Wealth Partners LLC MA raised its stake in JPMorgan Chase & Co. by 0.3% during 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 period. Finally, Greystone Financial Group LLC raised its stake in JPMorgan Chase & Co. by 1.4% during 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 period. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Down 0.5%

Shares of JPM stock opened at $307.61 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $845.85 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13. The company has a 50 day moving average price of $301.10 and a 200 day moving average price of $275.67. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating analysts’ consensus estimates of $4.48 by $0.48. The firm had revenue of $44.91 billion during 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 quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.12 earnings per share. Equities research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date is Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 30.79%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the transaction, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on JPM shares. Royal Bank Of Canada reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, September 11th. Citigroup lifted their target price on shares of JPMorgan Chase & Co. from $275.00 to $325.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 24th. Evercore ISI lifted their target price on shares of JPMorgan Chase & Co. from $309.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Zacks Research downgraded shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Finally, Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Fifteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average target price of $309.95.

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.