Proficio Capital Partners LLC Acquires 94 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Proficio Capital Partners LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% in the 1st quarter, Holdings Channel reports. The firm owned 15,191 shares of the financial services provider’s stock after buying an additional 94 shares during the quarter. Proficio Capital Partners LLC’s holdings in JPMorgan Chase & Co. were worth $3,726,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. KLP Kapitalforvaltning AS raised its holdings in JPMorgan Chase & Co. by 0.8% during the first quarter. KLP Kapitalforvaltning AS now owns 1,088,832 shares of the financial services provider’s stock valued at $267,090,000 after buying an additional 8,200 shares in the last quarter. Summit Asset Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 14.2% during the 1st quarter. Summit Asset Management LLC now owns 10,458 shares of the financial services provider’s stock valued at $2,565,000 after acquiring an additional 1,300 shares during the last quarter. Alecta Tjanstepension Omsesidigt bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $278,493,000. Financial Partners Group Inc lifted its holdings in JPMorgan Chase & Co. by 4.1% in the 1st quarter. Financial Partners Group Inc now owns 5,449 shares of the financial services provider’s stock worth $1,337,000 after purchasing an additional 214 shares during the last quarter. Finally, WMG Financial Advisors LLC grew its holdings in JPMorgan Chase & Co. by 2.0% during the first quarter. WMG Financial Advisors LLC now owns 2,892 shares of the financial services provider’s stock valued at $709,000 after purchasing an additional 58 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Trading Down 0.1%

Shares of JPM opened at $298.22 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.25. The stock has a market cap of $828.78 billion, a PE ratio of 15.30, a PEG ratio of 2.01 and a beta of 1.10. JPMorgan Chase & Co. has a 1 year low of $190.90 and a 1 year high of $299.59. The stock has a 50 day simple moving average of $278.35 and a 200-day simple moving average of $260.40.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.48 by $0.48. The firm had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $6.12 earnings per share. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is currently 28.73%.

Analyst Ratings Changes

Several research analysts recently commented on JPM shares. TD Securities reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Evercore ISI set a $298.00 price target on JPMorgan Chase & Co. and gave the stock an “outperform” rating in a report on Monday, July 7th. TD Cowen began coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a “buy” rating and a $305.00 price objective on the stock. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th. Finally, KGI Securities started coverage on shares of JPMorgan Chase & Co. in a report on Sunday, April 13th. They issued a “hold” rating for the company. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $288.68.

Insider Activity

In other news, CFO Jeremy Barnum sold 40,014 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total value of $10,034,310.78. Following the transaction, the chief financial officer directly owned 18,017 shares of the company’s stock, valued at $4,518,123.09. The trade was a 68.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jennifer Piepszak sold 6,129 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.76, for a total value of $1,536,908.04. Following the sale, the chief operating officer owned 68,583 shares in the company, valued at approximately $17,197,873.08. This trade represents a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,200 shares of company stock valued at $18,060,015 in the last ninety days. 0.47% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Company 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.