Fairview Capital Investment Management LLC Has $1.19 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Fairview Capital Investment Management LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 10.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,948 shares of the financial services provider’s stock after purchasing an additional 539 shares during the quarter. Fairview Capital Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,191,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trust Co of the South raised its position in shares of JPMorgan Chase & Co. by 1.1% during the first quarter. Trust Co of the South now owns 4,946 shares of the financial services provider’s stock worth $991,000 after acquiring an additional 53 shares during the last quarter. Inspire Advisors LLC raised its holdings in JPMorgan Chase & Co. by 2.6% during the 1st quarter. Inspire Advisors LLC now owns 2,103 shares of the financial services provider’s stock worth $421,000 after purchasing an additional 54 shares during the last quarter. PFW Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 1.1% in the 1st quarter. PFW Advisors LLC now owns 5,232 shares of the financial services provider’s stock worth $1,048,000 after purchasing an additional 55 shares during the period. Murphy Middleton Hinkle & Parker Inc. boosted its stake in shares of JPMorgan Chase & Co. by 2.0% in the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,837 shares of the financial services provider’s stock valued at $568,000 after purchasing an additional 55 shares during the last quarter. Finally, KFG Wealth Management LLC increased its position in shares of JPMorgan Chase & Co. by 3.6% during the first quarter. KFG Wealth Management LLC now owns 1,594 shares of the financial services provider’s stock worth $319,000 after buying an additional 56 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Up 1.7 %

Shares of JPM traded up $3.57 on Friday, reaching $212.24. The company’s stock had a trading volume of 8,027,787 shares, compared to its average volume of 9,013,996. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $217.56. The stock has a market capitalization of $609.48 billion, a PE ratio of 11.84, a PEG ratio of 2.49 and a beta of 1.12. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. The firm has a fifty day moving average of $202.39 and a 200-day moving average of $191.75.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. The firm had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period in the previous year, the company posted $4.37 EPS. Equities analysts predict that JPMorgan Chase & Co. will post 16.67 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a dividend of $1.15 per share. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.17%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.66%.

Wall Street Analysts Forecast Growth

JPM has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. BMO Capital Markets boosted their price objective on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Keefe, Bruyette & Woods raised their target price on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 9th. Citigroup lifted their target price on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Finally, Barclays increased their price target on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $202.89.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. stock in a transaction on 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 directly owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the sale, the general counsel now directly owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lori A. Beer sold 5,298 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.64, for a total value of $1,062,990.72. Following the completion of the transaction, the insider now owns 46,375 shares of the company’s stock, valued at approximately $9,304,680. The disclosure for this sale can be found here. In the last three months, insiders sold 72,343 shares of company stock valued at $14,137,789. 0.79% of the stock is owned by insiders.

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.