JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 231,388 shares of the financial services provider’s stock after purchasing an additional 4,402 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.5% of Salem Investment Counselors Inc.’s investment portfolio, making the stock its 12th largest holding. Salem Investment Counselors Inc.’s holdings in JPMorgan Chase & Co. were worth $46,347,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. O Keefe Stevens Advisory Inc. lifted its holdings in JPMorgan Chase & Co. by 14.5% in the first quarter. O Keefe Stevens Advisory Inc. now owns 5,664 shares of the financial services provider’s stock valued at $1,134,000 after acquiring an additional 718 shares during the period. International Assets Investment Management LLC lifted its holdings in JPMorgan Chase & Co. by 88.1% in the first quarter. International Assets Investment Management LLC now owns 608,675 shares of the financial services provider’s stock valued at $121,918,000 after acquiring an additional 285,143 shares during the period. Murphy Middleton Hinkle & Parker Inc. lifted its holdings in JPMorgan Chase & Co. by 2.0% in the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,837 shares of the financial services provider’s stock valued at $568,000 after acquiring an additional 55 shares during the period. &PARTNERS lifted its holdings in JPMorgan Chase & Co. by 56.7% in the first quarter. &PARTNERS now owns 30,260 shares of the financial services provider’s stock valued at $6,073,000 after acquiring an additional 10,954 shares during the period. Finally, Central Bank & Trust Co. raised its stake in shares of JPMorgan Chase & Co. by 3.2% during the 1st quarter. Central Bank & Trust Co. now owns 17,368 shares of the financial services provider’s stock worth $3,479,000 after buying an additional 535 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity

In related news, CEO James Dimon sold 178,222 shares of the stock in a transaction dated Monday, April 15th. The stock was 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 of the company’s stock, valued at approximately $48,708,426.98. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Elena A. Korablina sold 21,829 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the transaction, the insider now owns 6,484 shares in the company, valued at approximately $1,237,860.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James Dimon sold 178,222 shares of the stock in a transaction dated 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 owns 264,461 shares in the company, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. Insiders have sold a total of 250,565 shares of company stock valued at $46,962,717 in the last quarter. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

JPM has been the subject of several research analyst reports. BMO Capital Markets reduced their target price on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research note on Monday, April 15th. Wells Fargo & Company upped their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Oppenheimer reduced their target price on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research note on Monday, April 15th. Morgan Stanley reduced their target price on 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $211.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $194.10.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $196.30 on Monday. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $205.88. The business’s fifty day simple moving average is $195.20 and its 200-day simple moving average is $184.87. The firm has a market cap of $563.71 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 2.67 and a beta of 1.12. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPM) last announced 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. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The business had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. Equities analysts forecast that JPMorgan Chase & Co. will post 16.41 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

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, 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.