IMA Advisory Services Inc. Boosts Holdings in JPMorgan Chase & Co. $JPM

IMA Advisory Services Inc. increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,496 shares of the financial services provider’s stock after purchasing an additional 216 shares during the quarter. IMA Advisory Services Inc.’s holdings in JPMorgan Chase & Co. were worth $6,522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. VeraBank N.A. lifted its holdings in JPMorgan Chase & Co. by 15.2% in the 2nd quarter. VeraBank N.A. now owns 23,515 shares of the financial services provider’s stock worth $6,817,000 after buying an additional 3,102 shares in the last quarter. Verus Capital Partners LLC increased its position in shares of JPMorgan Chase & Co. by 3.7% during the second quarter. Verus Capital Partners LLC now owns 15,354 shares of the financial services provider’s stock worth $4,451,000 after acquiring an additional 553 shares during the last quarter. Avalon Capital Management lifted its stake in shares of JPMorgan Chase & Co. by 4.7% in the second quarter. Avalon Capital Management now owns 1,587 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 71 shares in the last quarter. Cascade Financial Partners LLC boosted its holdings in JPMorgan Chase & Co. by 14.2% in the second quarter. Cascade Financial Partners LLC now owns 3,612 shares of the financial services provider’s stock valued at $1,047,000 after purchasing an additional 450 shares during the last quarter. Finally, Mayport LLC boosted its holdings in JPMorgan Chase & Co. by 0.9% in the second quarter. Mayport LLC now owns 3,852 shares of the financial services provider’s stock valued at $1,117,000 after purchasing an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 1.5%

Shares of NYSE:JPM opened at $298.72 on Friday. The company’s fifty day moving average is $307.61 and its two-hundred day moving average is $290.88. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.86. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $322.25. The stock has a market capitalization of $813.19 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 1.84 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.83 by $0.24. The business had revenue of $47.12 billion during 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 for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.37 EPS. Equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 6th were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Monday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s payout ratio is currently 29.72%.

Insider Buying and Selling

In related news, Director Linda Bammann sold 9,500 shares of the firm’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 value of $2,830,430.00. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robin Leopold sold 966 shares of the business’s 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. This represents a 1.63% decrease in their position. The SEC filing for this sale provides additional information. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on JPM shares. Citigroup upped their target price on JPMorgan Chase & Co. from $275.00 to $325.00 and gave the company a “neutral” rating in a research report on Wednesday, September 24th. Zacks Research cut shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock a “hold” rating in a report on Tuesday, September 30th. Keefe, Bruyette & Woods upped their target price on shares of JPMorgan Chase & Co. from $330.00 to $354.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $366.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 14th. Fifteen equities research 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. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus 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.