JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Westbourne Investment Advisors Inc.

Westbourne Investment Advisors Inc. increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.3% in the second quarter, Holdings Channel reports. The firm owned 10,285 shares of the financial services provider’s stock after buying an additional 425 shares during the period. Westbourne Investment Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $1,150,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of JPM. Harvey Investment Co. LLC boosted its holdings in JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Harvey Investment Co. LLC now owns 21,596 shares of the financial services provider’s stock valued at $2,414,000 after acquiring an additional 90 shares during the period. CMH Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. by 0.4% during the 2nd quarter. CMH Wealth Management LLC now owns 25,978 shares of the financial services provider’s stock valued at $2,904,000 after acquiring an additional 95 shares during the period. Adirondack Trust Co. boosted its holdings in JPMorgan Chase & Co. by 0.5% during the 4th quarter. Adirondack Trust Co. now owns 20,026 shares of the financial services provider’s stock valued at $1,955,000 after acquiring an additional 99 shares during the period. Comprehensive Portfolio Management LLC boosted its holdings in JPMorgan Chase & Co. by 1.3% during the 2nd quarter. Comprehensive Portfolio Management LLC now owns 8,005 shares of the financial services provider’s stock valued at $895,000 after acquiring an additional 99 shares during the period. Finally, Navellier & Associates Inc boosted its holdings in JPMorgan Chase & Co. by 4.8% during the 2nd quarter. Navellier & Associates Inc now owns 2,181 shares of the financial services provider’s stock valued at $244,000 after acquiring an additional 100 shares during the period. 71.52% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on JPM. Zacks Investment Research cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Goldman Sachs Group reiterated a “neutral” rating and issued a $117.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. Royal Bank of Canada reiterated a “buy” rating and issued a $120.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 16th. BMO Capital Markets lifted their price objective on JPMorgan Chase & Co. from $116.00 to $118.00 and gave the company a “market perform” rating in a research note on Monday, April 15th. Finally, Deutsche Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Friday, June 28th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $122.94.

In related news, insider Lori A. Beer sold 13,341 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was 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 in the company, valued at $1,157,656.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Peter Scher sold 10,816 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $115.00, for a total value of $1,243,840.00. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

Shares of JPM traded down $3.58 during midday trading on Wednesday, hitting $106.85. The company had a trading volume of 5,223,596 shares, compared to its average volume of 11,051,188. The company has a 50-day moving average price of $113.07. The company has a quick ratio of 1.00, a current ratio of 0.97 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $358.23 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 1.63 and a beta of 1.16. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.32. The business had revenue of $28.83 billion during the quarter, compared to analysts’ expectations of $28.52 billion. JPMorgan Chase & Co. had a return on equity of 14.41% and a net margin of 24.73%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 EPS. On average, analysts anticipate that JPMorgan Chase & Co. will post 9.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Wednesday, July 3rd. JPMorgan Chase & Co.’s payout ratio is presently 35.56%.

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 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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