National Wealth Management Group LLC Acquires Shares of 3,397 JPMorgan Chase & Co. (NYSE:JPM)

National Wealth Management Group LLC acquired a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the second quarter, according to its most recent filing with the SEC. The firm acquired 3,397 shares of the financial services provider’s stock, valued at approximately $530,000.

Other hedge funds have also recently bought and sold shares of the company. JSF Financial LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.6% in the 2nd quarter. JSF Financial LLC now owns 10,680 shares of the financial services provider’s stock valued at $1,553,000 after buying an additional 65 shares in the last quarter. Red Wave Investments LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.4% in the 2nd quarter. Red Wave Investments LLC now owns 4,719 shares of the financial services provider’s stock valued at $686,000 after buying an additional 65 shares in the last quarter. Riverview Capital Advisers LLC boosted its holdings in shares of JPMorgan Chase & Co. by 4.2% in the 2nd quarter. Riverview Capital Advisers LLC now owns 1,654 shares of the financial services provider’s stock valued at $241,000 after buying an additional 66 shares in the last quarter. Keystone Wealth Services LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.6% in the 2nd quarter. Keystone Wealth Services LLC now owns 4,129 shares of the financial services provider’s stock valued at $601,000 after buying an additional 67 shares in the last quarter. Finally, Carmel Capital Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 2.8% in the 2nd quarter. Carmel Capital Partners LLC now owns 2,434 shares of the financial services provider’s stock valued at $354,000 after buying an additional 67 shares in the last quarter. 68.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. BMO Capital Markets upped their target price on shares of JPMorgan Chase & Co. from $167.00 to $171.00 and gave the company a “market perform” rating in a report on Monday, October 16th. Oppenheimer increased their price target on shares of JPMorgan Chase & Co. from $233.00 to $243.00 and gave the stock an “outperform” rating in a research note on Thursday. Evercore ISI increased their price target on shares of JPMorgan Chase & Co. from $158.00 to $167.00 in a research note on Thursday, October 5th. Jefferies Financial Group decreased their price target on shares of JPMorgan Chase & Co. from $176.00 to $169.00 in a research note on Tuesday, October 10th. Finally, Odeon Capital Group cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a research note on Thursday, November 2nd. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $168.80.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 4,310 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total value of $624,346.60. Following the completion of the sale, the general counsel now owns 53,425 shares of the company’s stock, valued at $7,739,145.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Trading Up 0.9 %

JPM stock opened at $152.82 on Monday. JPMorgan Chase & Co. has a 52 week low of $123.11 and a 52 week high of $159.38. The company has a market cap of $441.80 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 1.80 and a beta of 1.12. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.25. The business has a fifty day simple moving average of $145.05 and a 200-day simple moving average of $145.20.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, October 13th. The financial services provider reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.95 by $0.38. The firm had revenue of $40.69 billion during the quarter, compared to the consensus estimate of $39.63 billion. JPMorgan Chase & Co. had a net margin of 22.79% and a return on equity of 17.97%. The company’s revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.12 EPS. On average, equities research analysts expect that JPMorgan Chase & Co. will post 16.67 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were issued a $1.05 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend was Thursday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.07%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.