Grandview Asset Management LLC Has $4.29 Million Stock Holdings in JPMorgan Chase & Co. $JPM

Grandview Asset Management LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 14,807 shares of the financial services provider’s stock after selling 73 shares during the period. JPMorgan Chase & Co. makes up approximately 1.4% of Grandview Asset Management LLC’s holdings, making the stock its 16th largest position. Grandview Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $4,293,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. LCM Capital Management Inc lifted its position in shares of JPMorgan Chase & Co. by 0.9% during the 2nd quarter. LCM Capital Management Inc now owns 3,847 shares of the financial services provider’s stock worth $1,115,000 after purchasing an additional 36 shares during the last quarter. Lakeshore Financial Planning Inc. lifted its position in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Lakeshore Financial Planning Inc. now owns 8,417 shares of the financial services provider’s stock worth $2,441,000 after purchasing an additional 37 shares during the last quarter. Western Financial Corp CA increased its stake in JPMorgan Chase & Co. by 1.5% during the second quarter. Western Financial Corp CA now owns 2,642 shares of the financial services provider’s stock valued at $766,000 after acquiring an additional 38 shares during the period. First Command Advisory Services Inc. increased its stake in JPMorgan Chase & Co. by 0.4% during the first quarter. First Command Advisory Services Inc. now owns 9,306 shares of the financial services provider’s stock valued at $2,283,000 after acquiring an additional 40 shares during the period. Finally, Black Swift Group LLC increased its stake in JPMorgan Chase & Co. by 0.7% during the first quarter. Black Swift Group LLC now owns 5,759 shares of the financial services provider’s stock valued at $1,413,000 after acquiring an additional 40 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on JPM. Citigroup boosted their price target on JPMorgan Chase & Co. from $275.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, September 24th. Hsbc Global Res lowered JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday, July 16th. Evercore ISI boosted their price target on JPMorgan Chase & Co. from $309.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Cowen restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. Thirteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus price target of $303.45.

Insider Buying and Selling

In related news, Director Linda Bammann sold 9,500 shares of the 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 $24,492,753.58. This represents a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Stock Down 1.0%

NYSE JPM opened at $307.65 on Friday. The firm has a market cap of $845.96 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 2.05 and a beta of 1.13. JPMorgan Chase & Co. has a one year low of $202.16 and a one 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. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping analysts’ consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion for 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%.JPMorgan Chase & Co.’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $6.12 EPS. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors 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. The ex-dividend date is Monday, October 6th. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. JPMorgan Chase & Co.’s dividend payout ratio is currently 28.73%.

About JPMorgan Chase & Co.

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.