Slagle Financial LLC Has $8.54 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Slagle Financial LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 96.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,178 shares of the financial services provider’s stock after purchasing an additional 24,608 shares during the period. JPMorgan Chase & Co. makes up about 1.0% of Slagle Financial LLC’s investment portfolio, making the stock its 7th biggest holding. Slagle Financial LLC’s holdings in JPMorgan Chase & Co. were worth $8,535,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Processus Wealth & Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $3,158,000. Richardson Financial Services Inc. acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $836,000. Fortis Group Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 8.3% in the fourth quarter. Fortis Group Advisors LLC now owns 3,951 shares of the financial services provider’s stock valued at $672,000 after buying an additional 304 shares during the period. Northwest Bank & Trust Co acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $2,659,000. Finally, Royal London Asset Management Ltd. boosted its holdings in shares of JPMorgan Chase & Co. by 2.6% in the fourth quarter. Royal London Asset Management Ltd. now owns 2,225,921 shares of the financial services provider’s stock valued at $378,629,000 after buying an additional 57,344 shares during the period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock traded up $0.12 during trading hours on Friday, reaching $193.78. 6,874,029 shares of the stock traded hands, compared to its average volume of 8,653,904. The company has a 50 day moving average price of $194.90 and a 200 day moving average price of $183.47. The firm has a market capitalization of $556.47 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 2.61 and a beta of 1.12. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $205.88. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The company had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. On average, equities research analysts expect that JPMorgan Chase & Co. will post 16.41 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Insider Buying and Selling

In other news, insider Robin Leopold sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $198.86, for a total value of $596,580.00. Following the completion of the transaction, the insider now directly owns 44,113 shares in the company, valued at $8,772,311.18. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the sale, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Robin Leopold sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $198.86, for a total value of $596,580.00. Following the sale, the insider now directly owns 44,113 shares in the company, valued at $8,772,311.18. The disclosure for this sale can be found here. Insiders sold 254,485 shares of company stock worth $47,728,528 in the last three months. 0.79% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on JPM. UBS Group upped their price target on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a “market perform” rating in a research report on Tuesday, May 21st. Jefferies Financial Group increased their price objective on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Oppenheimer dropped their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. Finally, Morgan Stanley lowered their price target on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 21st. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $194.10.

View Our Latest Analysis on JPM

JPMorgan Chase & Co. Profile

(Free Report)

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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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