Bond & Devick Financial Network Inc. Reduces Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Bond & Devick Financial Network Inc. decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 7.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,535 shares of the financial services provider’s stock after selling 200 shares during the quarter. Bond & Devick Financial Network Inc.’s holdings in JPMorgan Chase & Co. were worth $513,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FSM Wealth Advisors LLC lifted its stake in JPMorgan Chase & Co. by 0.9% in the second quarter. FSM Wealth Advisors LLC now owns 9,389 shares of the financial services provider’s stock worth $1,899,000 after acquiring an additional 87 shares during the period. Compton Wealth Advisory Group LLC lifted its position in JPMorgan Chase & Co. by 3.2% during the second quarter. Compton Wealth Advisory Group LLC now owns 28,864 shares of the financial services provider’s stock valued at $5,838,000 after buying an additional 901 shares during the period. Francis Financial Inc. lifted its position in JPMorgan Chase & Co. by 19.6% during the second quarter. Francis Financial Inc. now owns 2,443 shares of the financial services provider’s stock valued at $494,000 after buying an additional 401 shares during the period. Atlas Private Wealth Advisors lifted its position in JPMorgan Chase & Co. by 121.4% during the second quarter. Atlas Private Wealth Advisors now owns 5,333 shares of the financial services provider’s stock valued at $1,079,000 after buying an additional 2,924 shares during the period. Finally, Twelve Points Wealth Management LLC lifted its position in JPMorgan Chase & Co. by 0.5% during the second quarter. Twelve Points Wealth Management LLC now owns 16,110 shares of the financial services provider’s stock valued at $3,258,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on JPM. Robert W. Baird raised their price objective on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Wolfe Research lowered JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. UBS Group lifted their price target on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Finally, Evercore ISI lifted their price target on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $205.71.

JPMorgan Chase & Co. Stock Performance

NYSE JPM traded up $1.74 during trading hours on Friday, hitting $205.80. The company’s stock had a trading volume of 5,540,240 shares, compared to its average volume of 9,292,017. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $217.56. The company’s 50 day simple moving average is $203.58 and its two-hundred day simple moving average is $194.27. The company has a market cap of $590.99 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The business had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period in the previous year, the company posted $4.37 EPS. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were paid a dividend of $1.15 per share. The ex-dividend date was Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.24%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.66%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the sale, the general counsel now directly owns 42,124 shares in the company, valued at approximately $8,452,180.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, General Counsel Stacey Friedman sold 4,415 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the transaction, the general counsel now directly owns 42,124 shares in the company, valued at approximately $8,452,180.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Marianne Lake sold 11,734 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $200.02, for a total value of $2,347,034.68. Following the transaction, the chief executive officer now owns 122,740 shares of the company’s stock, valued at $24,550,454.80. The disclosure for this sale can be found here. Insiders sold a total of 26,533 shares of company stock worth $5,310,756 in the last three months. 0.79% of the stock is currently owned by company insiders.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.