KPP Advisory Services LLC Has $2.06 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

KPP Advisory Services LLC decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,089 shares of the financial services provider’s stock after selling 68 shares during the period. JPMorgan Chase & Co. comprises 1.8% of KPP Advisory Services LLC’s holdings, making the stock its 8th biggest position. KPP Advisory Services LLC’s holdings in JPMorgan Chase & Co. were worth $2,056,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of JPM. Stone House Investment Management LLC raised its position in shares of JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after buying an additional 89 shares in the last quarter. Bare Financial Services Inc acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $35,000. Partnership Wealth Management LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $36,000. Stuart Chaussee & Associates Inc. acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $40,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.5 %

Shares of NYSE:JPM traded up $3.04 during trading on Friday, reaching $199.95. The stock had a trading volume of 6,964,498 shares, compared to its average volume of 8,475,553. The firm’s fifty day moving average is $195.23 and its 200 day moving average is $182.03. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $205.88. The stock has a market cap of $574.19 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 2.69 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The company had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 16.39 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be given a dividend of $1.15 per share. The ex-dividend date is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.30%. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 4,415 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.65, for a total transaction of $885,869.75. Following the transaction, the general counsel now owns 42,124 shares in the company, valued at approximately $8,452,180.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.65, for a total transaction of $885,869.75. Following the transaction, the general counsel now owns 42,124 shares in the company, valued at $8,452,180.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robin Leopold sold 3,000 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $198.86, for a total transaction of $596,580.00. Following the transaction, the insider now owns 44,113 shares in the company, valued at approximately $8,772,311.18. The disclosure for this sale can be found here. Insiders have sold 249,399 shares of company stock worth $46,713,667 in the last quarter. Company insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 21st. Jefferies Financial Group upped their price objective on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Oppenheimer lowered their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. Wells Fargo & Company upped their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $211.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $194.10.

JPMorgan Chase & Co. 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; 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.