JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Increased by Lafayette Investments Inc.

Lafayette Investments Inc. raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.1% during the 1st quarter, Holdings Channel reports. The fund owned 14,219 shares of the financial services provider’s stock after purchasing an additional 151 shares during the period. Lafayette Investments Inc.’s holdings in JPMorgan Chase & Co. were worth $3,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Redwood Park Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth $29,000. Curat Global LLC bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth $33,000. Sellwood Investment Partners LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth $34,000. Investment Counsel Co. of Nevada bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth $37,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth $43,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $291.85 on Thursday. JPMorgan Chase & Co. has a 1-year low of $190.90 and a 1-year high of $292.82. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $811.08 billion, a price-to-earnings ratio of 14.33, a P/E/G ratio of 2.70 and a beta of 1.10. The stock’s fifty day simple moving average is $264.89 and its 200-day simple moving average is $253.77.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The business had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the previous year, the company posted $4.44 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be paid a $1.40 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 1.92%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.49%.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,608 shares of the business’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $1,755,811.68. Following the transaction, the general counsel owned 36,520 shares in the company, valued at $9,703,729.20. The trade was a 15.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Jennifer Piepszak sold 6,129 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $250.76, for a total value of $1,536,908.04. Following the completion of the transaction, the chief operating officer owned 68,583 shares in the company, valued at $17,197,873.08. This trade represents a 8.20% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,200 shares of company stock worth $18,060,015. 0.47% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on JPM shares. Cowen reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Morgan Stanley boosted their target price on JPMorgan Chase & Co. from $236.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Monday, June 23rd. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 10th. Wall Street Zen raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Finally, Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Friday, June 27th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of “Hold” and a consensus target price of $275.80.

JPMorgan Chase & Co. Profile

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.