Ellsworth Advisors LLC Acquires 739 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Ellsworth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,342 shares of the financial services provider’s stock after acquiring an additional 739 shares during the period. Ellsworth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,485,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in JPM. Triad Wealth Partners LLC grew its stake in JPMorgan Chase & Co. by 43.7% during the second quarter. Triad Wealth Partners LLC now owns 5,536 shares of the financial services provider’s stock valued at $1,120,000 after acquiring an additional 1,684 shares in the last quarter. Silver Lake Advisory LLC grew its position in shares of JPMorgan Chase & Co. by 113.8% during the 2nd quarter. Silver Lake Advisory LLC now owns 6,495 shares of the financial services provider’s stock valued at $1,314,000 after purchasing an additional 3,457 shares in the last quarter. Fiduciary Financial Group LLC bought a new position in shares of JPMorgan Chase & Co. in the second quarter worth $639,000. Swedbank AB raised its position in shares of JPMorgan Chase & Co. by 6.2% in the second quarter. Swedbank AB now owns 4,243,732 shares of the financial services provider’s stock worth $858,337,000 after buying an additional 249,073 shares in the last quarter. Finally, Rockingstone Advisors LLC boosted its stake in JPMorgan Chase & Co. by 1.5% during the second quarter. Rockingstone Advisors LLC now owns 14,129 shares of the financial services provider’s stock valued at $2,858,000 after buying an additional 213 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the sale, the general counsel now directly 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 is available through this link. In other news, General Counsel Stacey Friedman sold 4,415 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.65, for a total transaction of $885,869.75. Following the sale, the general counsel now owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 5,086 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the transaction, the insider now owns 212,265 shares in the company, valued at approximately $42,355,358.10. The disclosure for this sale can be found here. Insiders sold 14,799 shares of company stock worth $2,963,721 over the last three months. Company insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the subject of several recent analyst reports. Morgan Stanley boosted their target price on JPMorgan Chase & Co. from $221.00 to $226.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Keefe, Bruyette & Woods upped their price objective on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 9th. Evercore ISI lifted their target price on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Oppenheimer increased their price target on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Jefferies Financial Group raised their price objective on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $205.71.

JPMorgan Chase & Co. Trading Up 1.2 %

JPM traded up $2.52 during midday trading on Friday, reaching $214.07. 7,928,791 shares of the company’s stock traded hands, compared to its average volume of 9,221,095. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $217.56. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92. The firm has a fifty day moving average of $204.67 and a two-hundred day moving average of $195.43. The stock has a market capitalization of $614.74 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 2.42 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The firm had revenue of $50.80 billion for the quarter, compared to analysts’ expectations of $42.23 billion. During the same period in the previous year, the firm earned $4.37 earnings per share. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 25.66%.

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; 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.