Clay Northam Wealth Management LLC Has $707,000 Holdings in JPMorgan Chase & Co. $JPM

Clay Northam Wealth Management LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.7% in the second quarter, HoldingsChannel reports. The fund owned 2,437 shares of the financial services provider’s stock after buying an additional 40 shares during the quarter. Clay Northam Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $707,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC raised its stake in shares of JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after acquiring an additional 4,841 shares in the last quarter. Clare Market Investments LLC raised its stake in shares of JPMorgan Chase & Co. by 55.2% in the 1st quarter. Clare Market Investments LLC now owns 11,193 shares of the financial services provider’s stock valued at $2,746,000 after acquiring an additional 3,980 shares in the last quarter. Warren Street Wealth Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 2.2% in the 1st quarter. Warren Street Wealth Advisors LLC now owns 3,941 shares of the financial services provider’s stock valued at $967,000 after acquiring an additional 84 shares in the last quarter. McGrath & Associates Inc. raised its stake in shares of JPMorgan Chase & Co. by 8.9% in the 1st quarter. McGrath & Associates Inc. now owns 996 shares of the financial services provider’s stock valued at $244,000 after acquiring an additional 81 shares in the last quarter. Finally, Channel Wealth LLC raised its stake in shares of JPMorgan Chase & Co. by 4.8% in the 1st quarter. Channel Wealth LLC now owns 11,094 shares of the financial services provider’s stock valued at $2,721,000 after acquiring an additional 507 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

JPM opened at $307.65 on Friday. The stock has a market cap of $845.96 billion, a PE ratio of 15.79, a P/E/G ratio of 2.05 and a beta of 1.13. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $318.01. The stock’s 50 day simple moving average is $300.44 and its 200-day simple moving average is $273.96.

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, beating analysts’ consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion for the quarter, compared to analysts’ expectations of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.JPMorgan Chase & Co.’s quarterly revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $6.12 earnings per share. Sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be given a dividend of $1.50 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 28.73%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Friday, June 27th. Zacks Research downgraded JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Robert W. Baird downgraded JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 price objective on the stock. in a research note on Friday, June 27th. Deutsche Bank Aktiengesellschaft lifted their price target on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, Hsbc Global Res downgraded JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. Thirteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average target price of $303.45.

Insider Activity

In other news, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the sale, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.47% of the company’s stock.

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.