JPMorgan Chase & Co. (NYSE:JPM) Stock Position Raised by Shelton Capital Management

Shelton Capital Management boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 42.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 114,373 shares of the financial services provider’s stock after buying an additional 34,035 shares during the quarter. Shelton Capital Management’s holdings in JPMorgan Chase & Co. were worth $16,634,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in JPM. Nordwand Advisors LLC purchased a new position in JPMorgan Chase & Co. during the first quarter valued at approximately $30,000. Sageworth Trust Co increased its stake in shares of JPMorgan Chase & Co. by 266.7% in the first quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 296 shares during the last quarter. Aspire Private Capital LLC purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $54,391,133,000. Miller Wealth Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the second quarter valued at $67,000. Finally, Robbins Farley grew its stake in JPMorgan Chase & Co. by 54.2% in the first quarter. Robbins Farley now owns 475 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 167 shares in the last quarter. 68.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $167.00 to $171.00 and gave the company a “market perform” rating in a research report on Monday, October 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $158.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, September 8th. Oppenheimer raised their price target on JPMorgan Chase & Co. from $233.00 to $243.00 and gave the company an “outperform” rating in a research report on Thursday, November 16th. Odeon Capital Group lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a research report on Thursday, November 2nd. Finally, StockNews.com started coverage on JPMorgan Chase & Co. in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $168.80.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $153.29 on Tuesday. The firm has a market cap of $443.16 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12. The company’s 50-day moving average price is $145.23 and its two-hundred day moving average price is $145.34. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 12 month low of $123.11 and a 12 month high of $159.38.

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

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were issued a dividend of $1.05 per share. The ex-dividend date was Thursday, October 5th. This represents a $4.20 dividend on an annualized basis and a yield of 2.74%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.07%.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 4,310 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $144.86, for a total transaction of $624,346.60. Following the completion of the transaction, the general counsel now owns 53,425 shares in the company, valued at $7,739,145.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.79% of the stock is currently owned by corporate insiders.

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 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.