Baltimore Washington Financial Advisors Inc. Acquires 5,471 Shares of JPMorgan Chase & Co. $JPM

Baltimore Washington Financial Advisors Inc. increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 124,376 shares of the financial services provider’s stock after buying an additional 5,471 shares during the period. JPMorgan Chase & Co. makes up 1.7% of Baltimore Washington Financial Advisors Inc.’s holdings, making the stock its 20th biggest holding. Baltimore Washington Financial Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $36,058,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. Brighton Jones LLC raised its position in shares of JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after acquiring an additional 4,841 shares during the last quarter. Acorns Advisers LLC increased its position in JPMorgan Chase & Co. by 6.9% in the first quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 100 shares during the period. Waddell & Associates LLC increased its position in JPMorgan Chase & Co. by 5.5% in the first quarter. Waddell & Associates LLC now owns 11,877 shares of the financial services provider’s stock worth $2,913,000 after purchasing an additional 617 shares during the period. SlateStone Wealth LLC raised its holdings in JPMorgan Chase & Co. by 2.3% during the 1st quarter. SlateStone Wealth LLC now owns 74,717 shares of the financial services provider’s stock worth $18,328,000 after purchasing an additional 1,685 shares during the last quarter. Finally, FSB Premier Wealth Management Inc. lifted its position in JPMorgan Chase & Co. by 6.1% during the 1st quarter. FSB Premier Wealth Management Inc. now owns 13,850 shares of the financial services provider’s stock valued at $3,397,000 after purchasing an additional 798 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analysts Set New Price Targets

JPM has been the subject of several analyst reports. Daiwa Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $330.00 to $332.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. TD Cowen raised their price objective on shares of JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Loop Capital set a $310.00 target price on shares of JPMorgan Chase & Co. in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price target on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a “hold” rating in a research note on Tuesday, September 30th. Finally, Zacks Research cut JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Fifteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus target price of $326.38.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $312.07 on Thursday. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $322.25. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The firm has a market cap of $849.54 billion, a PE ratio of 15.46, a P/E/G ratio of 1.60 and a beta of 1.08. The business’s 50-day moving average price is $306.70 and its two-hundred day moving average price is $294.15.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.83 by $0.24. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The company had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $44.42 billion. During the same period in the prior year, the company earned $4.37 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 6th were paid a $1.50 dividend. The ex-dividend date of this dividend was Monday, October 6th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. JPMorgan Chase & Co.’s payout ratio is presently 29.72%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 966 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $311.92, for a total value of $301,314.72. Following the completion of the transaction, the insider owned 58,479 shares in the company, valued at $18,240,769.68. This represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is owned by company insiders.

JPMorgan Chase & Co. Company 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.