Epic Trust Investment Advisors LLC buys 164 shares of JPMorgan Chase & Co. (NYSE:JPM)

Epic Trust Investment Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 13.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,398 shares of the financial services provider after purchasing an additional 164 shares during the period. Epic Trust Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $283,000, according to its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Stone House Investment Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 89 shares in the last quarter. Retirement Group LLC increased its holdings in shares of JPMorgan Chase & Co. by 227.1% in the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 109 shares in the last quarter. Richardson Capital Management LLC bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $34,000. Bare Financial Services Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $35,000. Finally, Partnership Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $36,000. Institutional investors own 71.55% of the company’s shares.

Insiders place their bets

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction on Monday, June 10. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the transaction, the insider now directly owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC’s website. In other news, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. stock in a transaction on Monday, May 20. The shares were sold at an average price of $200.65, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, on Monday, June 10, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. in a transaction. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the sale, the insider now owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The disclosure regarding this sale can be found here. Over the past three months, insiders have sold 14,799 shares of the company’s stock, valued at $2,963,721. 0.79% of the shares are currently owned by insiders.

JPMorgan Chase & Co. share price development

Shares of JPM opened at $214.07 on Friday. The company has a market cap of $614.74 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 2.42 and a beta of 1.12. The company’s 50-day moving average is $204.67 and its 200-day moving average is $195.43. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $217.56.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings results on Friday, July 12. The financial services provider reported earnings per share (EPS) of $6.12 for the quarter, beating the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The company had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. During the same period last year, the company posted earnings per share of $4.37. On average, sell-side analysts expect that JPMorgan Chase & Co. will report earnings per share of $16.78 for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31. Shareholders of record on Friday, July 5th were paid a dividend of $1.15. This represents an annualized dividend of $4.60 and a yield of 2.15%. The ex-dividend date was Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.66%.

Wall Street analysts predict growth

Several analysts have issued reports on the stock. Wolfe Research downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Morgan Stanley raised their price target on shares of JPMorgan Chase & Co. from $221.00 to $226.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Jefferies Financial Group raised their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. BMO Capital Markets raised their price target on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11. Finally, Oppenheimer raised their price target on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a research note on Monday, July 15. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “moderate buy” and a consensus price target of $205.71.

Check out our latest stock report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Profile

(Free report)

JPMorgan Chase & Co is a global financial services company. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB) and Asset & Wealth Management (AWM). The CCB segment provides deposit, investment and lending products, cash management and payments and services, mortgage origination and servicing, mortgage loans and home equity loans, as well as credit cards, auto loans, leasing and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.