Tobam Has $427,000 Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Tobam lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 25.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,134 shares of the financial services provider’s stock after purchasing an additional 431 shares during the quarter. Tobam’s holdings in JPMorgan Chase & Co. were worth $427,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. boosted its stake in JPMorgan Chase & Co. by 9.6% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 71,146 shares of the financial services provider’s stock valued at $14,251,000 after buying an additional 6,206 shares in the last quarter. Better Money Decisions LLC boosted its stake in JPMorgan Chase & Co. by 79.0% in the 1st quarter. Better Money Decisions LLC now owns 3,048 shares of the financial services provider’s stock valued at $611,000 after buying an additional 1,345 shares in the last quarter. Family Firm Inc. boosted its stake in JPMorgan Chase & Co. by 4.9% in the 1st quarter. Family Firm Inc. now owns 4,602 shares of the financial services provider’s stock valued at $922,000 after buying an additional 215 shares in the last quarter. Crown Wealth Group LLC boosted its stake in JPMorgan Chase & Co. by 3.5% in the 1st quarter. Crown Wealth Group LLC now owns 4,537 shares of the financial services provider’s stock valued at $909,000 after buying an additional 154 shares in the last quarter. Finally, Rockline Wealth Management LLC boosted its stake in JPMorgan Chase & Co. by 1.8% in the 1st quarter. Rockline Wealth Management LLC now owns 30,418 shares of the financial services provider’s stock valued at $6,093,000 after buying an additional 544 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Elena A. Korablina sold 21,829 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the completion of the transaction, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Elena A. Korablina sold 21,829 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the completion of the transaction, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robin Leopold sold 3,000 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $198.86, for a total value of $596,580.00. Following the transaction, the insider now directly owns 44,113 shares of the company’s stock, valued at $8,772,311.18. The disclosure for this sale can be found here. Insiders sold 250,565 shares of company stock valued at $46,962,717 over the last three months. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.2 %

NYSE:JPM opened at $207.43 on Friday. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $210.38. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The stock has a market cap of $595.67 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 2.75 and a beta of 1.12. The stock has a 50-day moving average price of $199.59 and a two-hundred day moving average price of $188.54.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The firm had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. As a group, equities analysts expect that JPMorgan Chase & Co. will post 16.47 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be given a dividend of $1.15 per share. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a dividend yield of 2.22%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods boosted their price objective on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Tuesday. Evercore ISI reissued an “outperform” rating and issued a $210.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $211.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Finally, Wolfe Research lowered JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $196.58.

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, 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.