GFG Capital LLC Sells 2,697 Shares of JPMorgan Chase & Co. $JPM

GFG Capital LLC cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 74.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 902 shares of the financial services provider’s stock after selling 2,697 shares during the period. GFG Capital LLC’s holdings in JPMorgan Chase & Co. were worth $261,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital Advisors Ltd. LLC raised its position in shares of JPMorgan Chase & Co. by 0.5% in the second quarter. Capital Advisors Ltd. LLC now owns 10,539 shares of the financial services provider’s stock valued at $3,055,000 after buying an additional 49 shares in the last quarter. Live Oak Investment Partners grew its stake in shares of JPMorgan Chase & Co. by 10.4% during the second quarter. Live Oak Investment Partners now owns 1,434 shares of the financial services provider’s stock worth $416,000 after buying an additional 135 shares during the last quarter. Game Plan Financial Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 3.1% during the second quarter. Game Plan Financial Advisors LLC now owns 17,305 shares of the financial services provider’s stock worth $5,017,000 after buying an additional 524 shares during the last quarter. MFA Wealth Services grew its stake in shares of JPMorgan Chase & Co. by 3.1% in the second quarter. MFA Wealth Services now owns 4,043 shares of the financial services provider’s stock worth $1,172,000 after purchasing an additional 123 shares during the last quarter. Finally, Leo Wealth LLC grew its stake in shares of JPMorgan Chase & Co. by 80.8% in the second quarter. Leo Wealth LLC now owns 9,753 shares of the financial services provider’s stock worth $2,818,000 after purchasing an additional 4,358 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction 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 directly owned 82,207 shares of the company’s stock, valued at $24,492,753.58. This trade represents a 10.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.47% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Bank of America upped their price objective on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Robert W. Baird cut shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 target price on the stock. in a report on Friday, June 27th. Wells Fargo & Company upped their target price on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Royal Bank Of Canada reissued a “buy” rating and issued a $343.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday. Finally, Barclays upped their price objective on shares of JPMorgan Chase & Co. from $330.00 to $342.00 and gave the company an “overweight” rating in a research note on Wednesday. Fifteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus price target of $319.40.

JPMorgan Chase & Co. Trading Down 0.2%

Shares of JPM stock opened at $297.81 on Friday. The firm’s 50 day moving average is $302.82 and its 200 day moving average is $278.54. The stock has a market capitalization of $818.91 billion, a P/E ratio of 14.75, a P/E/G ratio of 1.81 and a beta of 1.13. JPMorgan Chase & Co. has a 12-month low of $202.16 and a 12-month high of $318.01. 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. (NYSE:JPM) last announced its quarterly earnings data 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 $46.43 billion for the quarter, compared to the consensus estimate of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The company’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm earned $4.37 EPS. Research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

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