Stonehearth Capital Management LLC Has $444,000 Stake in JPMorgan Chase & Co. (NYSE:JPM)

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Stonehearth Capital Management LLC lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 34.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,971 shares of the financial services provider’s stock after selling 2,056 shares during the period. Stonehearth Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $444,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. TRUE Private Wealth Advisors grew its position in shares of JPMorgan Chase & Co. by 5.9% during the fourth quarter. TRUE Private Wealth Advisors now owns 22,773 shares of the financial services provider’s stock worth $2,223,000 after purchasing an additional 1,269 shares in the last quarter. MinichMacGregor Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 2,115.6% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 35,471 shares of the financial services provider’s stock worth $3,388,000 after acquiring an additional 33,870 shares during the last quarter. Meridian Financial Partners LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $237,000. CMH Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 1,066.8% during the 4th quarter. CMH Wealth Management LLC now owns 25,063 shares of the financial services provider’s stock worth $2,447,000 after acquiring an additional 22,915 shares during the last quarter. Finally, Executive Wealth Management LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $570,000. 71.43% of the stock is owned by institutional investors and hedge funds.

Shares of JPMorgan Chase & Co. stock opened at $116.83 on Thursday. The business’s fifty day simple moving average is $111.94. The company has a current ratio of 0.97, a quick ratio of 1.00 and a debt-to-equity ratio of 1.22. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $119.24. The stock has a market cap of $377.47 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 1.68 and a beta of 1.15.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.74%. The ex-dividend date is Wednesday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.56%.

A number of research analysts have recently issued reports on the company. Deutsche Bank set a $142.00 price target on MCCORMICK & CO /SH and gave the company a “hold” rating in a report on Friday, June 28th. Zacks Investment Research downgraded Hess Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. Morgan Stanley cut their price target on Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. HSBC reiterated a “hold” rating on shares of Societe Generale in a report on Thursday, April 4th. Finally, Royal Bank of Canada boosted their target price on Johnson Service Group from GBX 180 ($2.35) to GBX 190 ($2.48) and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $122.94.

In related news, insider Lori A. Beer sold 13,341 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total value of $1,524,609.48. Following the completion of the sale, the insider now owns 10,130 shares in the company, valued at approximately $1,157,656.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Peter Scher sold 10,816 shares of the company’s stock in a transaction that occurred 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. 0.76% of the stock is 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 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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