Mascoma Wealth Management LLC Has $598,000 Holdings in JPMorgan Chase & Co. $JPM

Mascoma Wealth Management LLC cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,063 shares of the financial services provider’s stock after selling 210 shares during the quarter. Mascoma Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $598,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Simplicity Wealth LLC increased its position in shares of JPMorgan Chase & Co. by 76.2% during the second quarter. Simplicity Wealth LLC now owns 52,585 shares of the financial services provider’s stock worth $15,245,000 after buying an additional 22,740 shares during the period. OLD National Bancorp IN grew its holdings in JPMorgan Chase & Co. by 10.9% in the second quarter. OLD National Bancorp IN now owns 105,023 shares of the financial services provider’s stock worth $30,447,000 after purchasing an additional 10,336 shares during the period. Olistico Wealth LLC grew its holdings in JPMorgan Chase & Co. by 11.1% in the second quarter. Olistico Wealth LLC now owns 5,987 shares of the financial services provider’s stock worth $1,736,000 after purchasing an additional 600 shares during the period. Capital City Trust Co. FL grew its holdings in JPMorgan Chase & Co. by 7.1% in the second quarter. Capital City Trust Co. FL now owns 18,336 shares of the financial services provider’s stock worth $5,316,000 after purchasing an additional 1,213 shares during the period. Finally, Sutton Place Investors LLC grew its holdings in JPMorgan Chase & Co. by 7.8% in the second quarter. Sutton Place Investors LLC now owns 7,064 shares of the financial services provider’s stock worth $2,048,000 after purchasing an additional 514 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Down 1.4%

JPMorgan Chase & Co. stock opened at $301.12 on Monday. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $318.01. The firm has a market capitalization of $828.00 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 1.94 and a beta of 1.13. The firm’s fifty day moving average price is $301.61 and its two-hundred day moving average price is $276.98. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM) last released 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. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The firm had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. During the same period last year, the firm earned $6.12 earnings per share. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. On average, 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 will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, October 6th. 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 2.0%. JPMorgan Chase & Co.’s payout ratio is 30.79%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Zacks Research cut shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. HSBC restated a “reduce” rating and issued a $259.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Evercore ISI raised their price target on shares of JPMorgan Chase & Co. from $309.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Morgan Stanley raised their price target on shares of JPMorgan Chase & Co. from $298.00 to $336.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Finally, Hsbc Global Res cut shares of JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 8th. Fifteen investment 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $316.00.

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.