Vishria Bird Financial Group LLC Makes New $231,000 Investment in JPMorgan Chase & Co. (NYSE:JPM)

Vishria Bird Financial Group LLC bought a new position in JPMorgan Chase & Co. (NYSE:JPM) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,067 shares of the financial services provider’s stock, valued at approximately $231,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Smart Portfolios LLC increased its holdings in shares of JPMorgan Chase & Co. by 29.6% in the 4th quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock worth $49,000 after buying an additional 114 shares during the last quarter. Semmax Financial Advisors Inc. bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $56,000. D Orazio & Associates Inc. increased its holdings in shares of JPMorgan Chase & Co. by 62.6% in the 4th quarter. D Orazio & Associates Inc. now owns 779 shares of the financial services provider’s stock worth $76,000 after buying an additional 300 shares during the last quarter. QV Investors Inc. increased its holdings in shares of JPMorgan Chase & Co. by 9.1% in the 4th quarter. QV Investors Inc. now owns 1,315 shares of the financial services provider’s stock worth $128,000 after buying an additional 110 shares during the last quarter. Finally, Rocky Mountain Advisers LLC increased its holdings in shares of JPMorgan Chase & Co. by 143.4% in the 4th quarter. Rocky Mountain Advisers LLC now owns 1,358 shares of the financial services provider’s stock worth $133,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 71.52% of the company’s stock.

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 13,341 shares of the stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the completion of the sale, the insider now owns 10,130 shares of the company’s stock, valued at approximately $1,157,656.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Peter Scher sold 10,816 shares of the stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,243,840.00. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

Shares of JPM stock traded down $3.14 on Monday, hitting $109.79. 363,650 shares of the company’s stock traded hands, compared to its average volume of 10,896,389. The company has a quick ratio of 1.00, a current ratio of 0.97 and a debt-to-equity ratio of 1.22. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $119.24. The firm’s fifty day moving average is $112.95. The stock has a market cap of $366.34 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, July 16th. The financial services provider reported $2.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.41%. The company had revenue of $28.83 billion for the quarter, compared to analyst estimates of $28.52 billion. During the same quarter last year, the firm earned $2.29 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 9.92 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were given a dividend of $0.80 per share. The ex-dividend date was Wednesday, July 3rd. This represents a $3.20 annualized dividend and a yield of 2.91%. JPMorgan Chase & Co.’s payout ratio is currently 35.56%.

A number of brokerages have recently commented on JPM. Royal Bank of Canada reissued a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 16th. Credit Suisse Group increased their price target on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. BMO Capital Markets increased their price target on shares of JPMorgan Chase & Co. from $116.00 to $118.00 and gave the stock a “market perform” rating in a report on Monday, April 15th. Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $124.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, Zacks Investment Research lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. has an average rating of “Hold” and a consensus target price of $122.94.

About JPMorgan Chase & Co.

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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