Roundview Capital LLC Acquires 66 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Roundview Capital LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.1% during the first quarter, Holdings Channel.com reports. The firm owned 62,476 shares of the financial services provider’s stock after buying an additional 66 shares during the period. JPMorgan Chase & Co. makes up 1.1% of Roundview Capital LLC’s holdings, making the stock its 21st biggest holding. Roundview Capital LLC’s holdings in JPMorgan Chase & Co. were worth $15,325,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Advisors Preferred LLC bought a new position in JPMorgan Chase & Co. in the first quarter worth about $3,046,000. Close Asset Management Ltd grew its position in shares of JPMorgan Chase & Co. by 13.1% in the 1st quarter. Close Asset Management Ltd now owns 65,715 shares of the financial services provider’s stock worth $16,118,000 after buying an additional 7,599 shares during the last quarter. Forbes J M & Co. LLP grew its position in shares of JPMorgan Chase & Co. by 2.6% in the 1st quarter. Forbes J M & Co. LLP now owns 96,994 shares of the financial services provider’s stock worth $23,793,000 after buying an additional 2,459 shares during the last quarter. Vestor Capital LLC raised its stake in shares of JPMorgan Chase & Co. by 0.3% during the 1st quarter. Vestor Capital LLC now owns 151,769 shares of the financial services provider’s stock worth $37,229,000 after acquiring an additional 475 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in JPMorgan Chase & Co. by 281.0% during the first quarter. Venturi Wealth Management LLC now owns 68,332 shares of the financial services provider’s stock valued at $16,762,000 after acquiring an additional 50,398 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on JPM shares. Royal Bank Of Canada set a $305.00 target price on JPMorgan Chase & Co. and gave the stock an “outperform” rating in a research note on Monday, June 30th. Phillip Securities lowered JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 16th. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 price objective on the stock. in a report on Friday, June 27th. HSBC reiterated a “reduce” rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Finally, Hsbc Global Res lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $288.68.

JPMorgan Chase & Co. Stock Performance

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

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company had revenue of $44.91 billion during the quarter, compared to analysts’ expectations of $43.76 billion. During the same quarter in the previous year, the business posted $6.12 earnings per share. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS 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. Investors of record on Thursday, July 3rd will be given a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 1.88%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 28.73%.

Insider Activity

In other news, CFO Jeremy Barnum sold 40,014 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the transaction, the chief financial officer directly owned 18,017 shares in the company, valued at $4,518,123.09. This represents a 68.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jennifer Piepszak sold 6,128 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the completion of the sale, the chief operating officer owned 62,455 shares of the company’s stock, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,200 shares of company stock worth $18,060,015 in the last three months. 0.47% of the stock is owned by 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.