Atlas Private Wealth Management raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,106 shares of the financial services provider’s stock after acquiring an additional 2,834 shares during the quarter. JPMorgan Chase & Co. comprises approximately 2.1% of Atlas Private Wealth Management’s portfolio, making the stock its 11th biggest holding. Atlas Private Wealth Management’s holdings in JPMorgan Chase & Co. were worth $3,942,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Acropolis Investment Management LLC raised its holdings in JPMorgan Chase & Co. by 1.3% during the 2nd quarter. Acropolis Investment Management LLC now owns 19,026 shares of the financial services provider’s stock valued at $2,767,000 after acquiring an additional 240 shares during the period. Redhawk Wealth Advisors Inc. raised its holdings in JPMorgan Chase & Co. by 26.3% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 11,414 shares of the financial services provider’s stock valued at $1,660,000 after acquiring an additional 2,376 shares during the period. Green Square Capital Advisors LLC raised its holdings in JPMorgan Chase & Co. by 3.4% during the 2nd quarter. Green Square Capital Advisors LLC now owns 34,610 shares of the financial services provider’s stock valued at $5,034,000 after acquiring an additional 1,150 shares during the period. IVC Wealth Advisors LLC raised its holdings in JPMorgan Chase & Co. by 3.2% during the 2nd quarter. IVC Wealth Advisors LLC now owns 3,929 shares of the financial services provider’s stock valued at $571,000 after acquiring an additional 121 shares during the period. Finally, Falcon Wealth Planning increased its holdings in shares of JPMorgan Chase & Co. by 3.6% in the second quarter. Falcon Wealth Planning now owns 12,546 shares of the financial services provider’s stock worth $1,825,000 after purchasing an additional 439 shares during the period. Institutional investors own 68.94% of the company’s stock.
JPMorgan Chase & Co. Stock Performance
NYSE JPM opened at $145.73 on Friday. The company has a 50-day simple moving average of $150.87 and a two-hundred day simple moving average of $141.78. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.28. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $159.38. The firm has a market cap of $423.50 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 1.89 and a beta of 1.11.
JPMorgan Chase & Co. Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th will be issued a dividend of $1.05 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Thursday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.74%.
Insider Transactions at JPMorgan Chase & Co.
In other news, General Counsel Stacey Friedman sold 4,310 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $144.86, for a total transaction of $624,346.60. Following the completion of the sale, the general counsel now directly owns 53,425 shares in the company, valued at $7,739,145.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.79% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several research analysts have recently weighed in on JPM shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $158.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, September 8th. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $174.00 to $180.00 in a report on Monday, July 17th. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 price target on the stock in a report on Friday, July 7th. Barclays upped their price target on shares of JPMorgan Chase & Co. from $179.00 to $182.00 in a report on Sunday, July 16th. Finally, StockNews.com assumed coverage on JPMorgan Chase & Co. in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $167.21.
Read Our Latest Stock Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Profile
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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
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