Allied Investment Advisors LLC Has $14.77 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Allied Investment Advisors LLC grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.2% during the 1st quarter, Holdings Channel reports. The firm owned 73,756 shares of the financial services provider’s stock after purchasing an additional 128 shares during the period. JPMorgan Chase & Co. comprises 3.6% of Allied Investment Advisors LLC’s investment portfolio, making the stock its 5th largest position. Allied Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $14,773,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stone House Investment Management LLC increased its holdings in shares of 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 valued at $27,000 after buying an additional 89 shares in the last quarter. Bare Financial Services Inc purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $35,000. Partnership Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $36,000. Stuart Chaussee & Associates Inc. purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth about $40,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth about $40,000. Institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on JPM shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $211.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Morgan Stanley lowered their price objective on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 21st. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. StockNews.com lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Robert W. Baird boosted their price objective on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $194.10.

Insiders Place Their Bets

In other news, insider Robin Leopold sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $198.86, for a total value of $596,580.00. Following the transaction, the insider now owns 44,113 shares of the company’s stock, valued at approximately $8,772,311.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, insider Robin Leopold sold 3,000 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $198.86, for a total transaction of $596,580.00. Following the completion of the sale, the insider now owns 44,113 shares in the company, valued at approximately $8,772,311.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Dimon sold 178,222 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the transaction, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. In the last three months, insiders sold 254,485 shares of company stock valued at $47,728,528. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Trading Down 1.2 %

Shares of NYSE JPM opened at $196.30 on Friday. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $205.88. 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 company has a 50-day moving average of $195.20 and a two-hundred day moving average of $184.67. The company has a market cap of $563.71 billion, a PE ratio of 11.85, a P/E/G ratio of 2.67 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.45. The firm had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. As a group, equities analysts expect that JPMorgan Chase & Co. will post 16.41 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be given a $1.15 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.34%. JPMorgan Chase & Co.’s payout ratio is 27.78%.

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.