ERn Financial LLC Acquires 110 Shares of JPMorgan Chase & Co. (NYSE:JPM)

ERn Financial LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,746 shares of the financial services provider’s stock after purchasing an additional 110 shares during the period. ERn Financial LLC’s holdings in JPMorgan Chase & Co. were worth $1,151,000 at the end of the most recent quarter.

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

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 4,415 shares of the company’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 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 hyperlink. In other news, General Counsel Stacey Friedman sold 4,415 shares of the company’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 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 hyperlink. Also, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares in the company, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 250,565 shares of company stock valued at $46,962,717. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $202.34 on Friday. The firm has a market cap of $581.05 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 2.65 and a beta of 1.12. The firm has a 50-day simple moving average of $196.91 and a two-hundred day simple moving average of $185.92. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $205.88. 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. (NYSE:JPM) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating the consensus estimate of $4.18 by $0.45. The business had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. On average, equities analysts forecast that JPMorgan Chase & Co. will post 16.44 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. UBS Group boosted their price objective on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. StockNews.com cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th. Morgan Stanley lowered their target price on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a research note on Tuesday, May 21st. Robert W. Baird boosted their target price on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Finally, Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.