TME Financial Inc. Makes New $214,000 Investment in JPMorgan Chase & Co. $JPM

TME Financial Inc. acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 737 shares of the financial services provider’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. FWG Holdings LLC lifted its position in shares of JPMorgan Chase & Co. by 1.4% during the 2nd quarter. FWG Holdings LLC now owns 12,037 shares of the financial services provider’s stock worth $3,542,000 after buying an additional 167 shares in the last quarter. HFG Advisors Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $253,000. Jacobson & Schmitt Advisors LLC bought a new position in JPMorgan Chase & Co. in the 2nd quarter valued at $584,000. Corps Capital Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $232,000. Finally, ADG Wealth Management Group LLC raised its stake in shares of JPMorgan Chase & Co. by 5.8% during the 2nd quarter. ADG Wealth Management Group LLC now owns 1,368 shares of the financial services provider’s stock worth $397,000 after purchasing an additional 75 shares during the period. 71.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JPM has been the subject of several research reports. Wells Fargo & Company increased their price target on shares of JPMorgan Chase & Co. from $345.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Morgan Stanley raised their target price on JPMorgan Chase & Co. from $336.00 to $338.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 15th. Wall Street Zen raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. KGI Securities lifted their price objective on JPMorgan Chase & Co. from $300.00 to $315.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $366.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $326.38.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $303.63 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.86. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $322.25. The stock has a market cap of $826.55 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 1.84 and a beta of 1.14. The stock has a fifty day moving average of $307.51 and a 200-day moving average of $289.40.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 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 business had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $44.42 billion. During the same quarter last year, the company earned $4.37 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced 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 was Monday, October 6th. This represents a $6.00 annualized dividend and a yield of 2.0%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.72%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 966 shares of the firm’s stock in a transaction 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 directly owned 58,479 shares of the company’s stock, valued at $18,240,769.68. This trade represents a 1.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Linda Bammann sold 9,500 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. 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.