BCGM Wealth Management LLC Has $2.67 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

BCGM Wealth Management LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,434 shares of the financial services provider’s stock after purchasing an additional 601 shares during the quarter. JPMorgan Chase & Co. makes up about 1.2% of BCGM Wealth Management LLC’s portfolio, making the stock its 22nd largest position. BCGM Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,673,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. JSF Financial LLC increased its position in shares of JPMorgan Chase & Co. by 0.6% during the second quarter. JSF Financial LLC now owns 10,680 shares of the financial services provider’s stock worth $1,553,000 after purchasing an additional 65 shares in the last quarter. Red Wave Investments LLC increased its position in shares of JPMorgan Chase & Co. by 1.4% during the second quarter. Red Wave Investments LLC now owns 4,719 shares of the financial services provider’s stock worth $686,000 after purchasing an additional 65 shares in the last quarter. Riverview Capital Advisers LLC increased its position in shares of JPMorgan Chase & Co. by 4.2% during the second quarter. Riverview Capital Advisers LLC now owns 1,654 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 66 shares in the last quarter. Carmel Capital Partners LLC increased its position in shares of JPMorgan Chase & Co. by 2.8% during the second quarter. Carmel Capital Partners LLC now owns 2,434 shares of the financial services provider’s stock worth $354,000 after purchasing an additional 67 shares in the last quarter. Finally, Orca Investment Management LLC increased its position in shares of JPMorgan Chase & Co. by 0.8% during the second quarter. Orca Investment Management LLC now owns 8,294 shares of the financial services provider’s stock worth $1,206,000 after purchasing an additional 68 shares in the last quarter. 68.94% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Price Performance

JPM opened at $175.01 on Monday. The stock’s 50-day moving average price is $168.65 and its 200 day moving average price is $155.28. JPMorgan Chase & Co. has a 12-month low of $123.11 and a 12-month high of $178.30. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.30. The firm has a market cap of $503.44 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 2.21 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.73 by ($0.69). The firm had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. JPMorgan Chase & Co.’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.57 EPS. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 15.87 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Thursday, January 4th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.89%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,812 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total value of $301,969.80. Following the sale, the insider now owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Jennifer Piepszak sold 1,649 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total transaction of $274,706.91. Following the sale, the chief executive officer now owns 34,467 shares of the company’s stock, valued at approximately $5,741,857.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Peter Scher sold 1,812 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total value of $301,969.80. Following the sale, the insider now directly owns 46,766 shares in the company, valued at approximately $7,793,553.90. The disclosure for this sale can be found here. Insiders have sold 39,072 shares of company stock valued at $6,297,103 in the last quarter. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on JPM shares. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. Oppenheimer upped their target price on JPMorgan Chase & Co. from $232.00 to $238.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. BMO Capital Markets upped their target price on JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a report on Tuesday, January 16th. Barclays upped their target price on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Finally, The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $179.11.

Check Out Our Latest Stock Analysis on JPMorgan Chase & Co.

About JPMorgan Chase & Co.

(Free Report)

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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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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