Clarius Group LLC Sells 380 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Clarius Group LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,708 shares of the financial services provider’s stock after selling 380 shares during the quarter. JPMorgan Chase & Co. makes up 0.4% of Clarius Group LLC’s portfolio, making the stock its 29th biggest position. Clarius Group LLC’s holdings in JPMorgan Chase & Co. were worth $5,775,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Atlas Private Wealth Management raised its holdings in JPMorgan Chase & Co. by 11.7% in the second quarter. Atlas Private Wealth Management now owns 27,106 shares of the financial services provider’s stock worth $3,942,000 after purchasing an additional 2,834 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of JPMorgan Chase & Co. by 14.0% during the second quarter. Geneos Wealth Management Inc. now owns 50,991 shares of the financial services provider’s stock valued at $7,416,000 after acquiring an additional 6,264 shares in the last quarter. Cibc World Markets Corp increased its holdings in shares of JPMorgan Chase & Co. by 61.6% during the second quarter. Cibc World Markets Corp now owns 1,092,289 shares of the financial services provider’s stock valued at $158,863,000 after acquiring an additional 416,194 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of JPMorgan Chase & Co. by 46.4% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 43,526 shares of the financial services provider’s stock valued at $5,612,000 after acquiring an additional 13,792 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.5% during the first quarter. Janney Montgomery Scott LLC now owns 1,723,422 shares of the financial services provider’s stock valued at $224,579,000 after acquiring an additional 26,285 shares in the last quarter. Institutional investors own 68.94% of the company’s stock.

Wall Street Analysts Forecast Growth

JPM has been the subject of several analyst reports. BMO Capital Markets raised their price target on JPMorgan Chase & Co. from $167.00 to $171.00 and gave the company a “market perform” rating in a report on Monday, October 16th. Odeon Capital Group downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a report on Thursday, November 2nd. Jefferies Financial Group dropped their price objective on JPMorgan Chase & Co. from $176.00 to $169.00 in a research report on Tuesday, October 10th. Evercore ISI increased their price objective on JPMorgan Chase & Co. from $158.00 to $167.00 in a research report on Thursday, October 5th. Finally, StockNews.com initiated coverage on JPMorgan Chase & Co. in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $168.80.

Insider Activity

In related news, General Counsel Stacey Friedman sold 4,310 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total transaction of $624,346.60. Following the sale, the general counsel now owns 53,425 shares of the company’s stock, valued at approximately $7,739,145.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.9 %

JPM stock opened at $152.82 on Monday. JPMorgan Chase & Co. has a twelve month low of $123.11 and a twelve month high of $159.38. 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 stock has a market cap of $441.80 billion, a P/E ratio of 9.12, a PEG ratio of 1.80 and a beta of 1.12. The business’s 50-day moving average price is $145.05 and its 200-day moving average price is $145.20.

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

JPMorgan Chase & Co. Increases Dividend

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

JPMorgan Chase & Co. Company Profile

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.