Successful Portfolios LLC Has $592,000 Position in JPMorgan Chase & Co. (NYSE:JPM)

Successful Portfolios LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,927 shares of the financial services provider’s stock after selling 394 shares during the period. Successful Portfolios LLC’s holdings in JPMorgan Chase & Co. were worth $592,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of JPM. FSM Wealth Advisors LLC boosted its position 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 purchasing an additional 87 shares during the last quarter. Compton Wealth Advisory Group LLC boosted its holdings in shares of JPMorgan Chase & Co. by 3.2% in the 2nd quarter. Compton Wealth Advisory Group LLC now owns 28,864 shares of the financial services provider’s stock worth $5,838,000 after buying an additional 901 shares during the last quarter. Francis Financial Inc. grew 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 increased its holdings 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 worth $1,079,000 after buying an additional 2,924 shares during the last quarter. Finally, Twelve Points Wealth Management LLC raised its position in JPMorgan Chase & Co. by 0.5% in the second quarter. Twelve Points Wealth Management LLC now owns 16,110 shares of the financial services provider’s stock worth $3,258,000 after acquiring an additional 75 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock traded up $1.74 during trading on Friday, hitting $205.80. 5,540,240 shares of the stock traded hands, compared to its average volume of 9,292,017. The stock has a market cap of $590.99 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 2.42 and a beta of 1.12. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $217.56. The firm’s fifty day moving average is $203.58 and its 200-day moving average is $194.27.

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

JPMorgan Chase & Co. Announces Dividend

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

Analysts Set New Price Targets

JPM has been the subject of several research analyst reports. BMO Capital Markets raised their price target on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Jefferies Financial Group upped their price target on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Piper Sandler lifted their price objective on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Finally, Barclays lifted their target price on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus price target of $205.71.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Lori A. Beer sold 5,298 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the completion of the sale, the insider now directly owns 46,375 shares in the company, valued at approximately $9,304,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Lori A. Beer sold 5,298 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the completion of the sale, the insider now owns 46,375 shares of the company’s stock, valued at $9,304,680. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Marianne Lake sold 11,734 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $200.02, for a total transaction of $2,347,034.68. Following the completion of the transaction, the chief executive officer now directly owns 122,740 shares in the company, valued at $24,550,454.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,533 shares of company stock worth $5,310,756. Company insiders own 0.79% of the company’s stock.

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.