Neumann Capital Management LLC Raises Position in JPMorgan Chase & Co. (NYSE:JPM)

Neumann Capital Management LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 16,810 shares of the financial services provider’s stock after buying an additional 745 shares during the period. JPMorgan Chase & Co. makes up about 1.2% of Neumann Capital Management LLC’s investment portfolio, making the stock its 28th largest holding. Neumann Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,879,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Global Trust Asset Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 2,027.2% during the second quarter. Global Trust Asset Management LLC now owns 5,318 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 5,068 shares during the last quarter. Smart Portfolios LLC raised its holdings in shares of JPMorgan Chase & Co. by 29.6% during the fourth quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 114 shares during the last quarter. Semmax Financial Advisors Inc. purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $56,000. Sound Income Strategies LLC raised its holdings in shares of JPMorgan Chase & Co. by 126.7% during the second quarter. Sound Income Strategies LLC now owns 510 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 285 shares during the last quarter. Finally, Asset Planning Services Ltd. purchased a new position in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $61,000. 71.52% of the stock is owned by institutional investors and hedge funds.

JPM has been the subject of several research reports. ValuEngine cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Thursday. Goldman Sachs Group reissued a “neutral” rating and set a $117.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. Deutsche Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, June 28th. Royal Bank of Canada reissued a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, July 16th. Finally, BMO Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. from $116.00 to $118.00 and gave the company a “market perform” rating in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $122.94.

In other JPMorgan Chase & Co. news, 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 value of $1,243,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lori A. Beer sold 13,341 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the completion of the transaction, the insider now owns 10,130 shares of the company’s stock, valued at $1,157,656.40. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

NYSE JPM traded down $0.12 during trading hours on Friday, hitting $109.74. 9,737,273 shares of the company’s stock traded hands, compared to its average volume of 11,930,239. The stock has a fifty day simple moving average of $112.96. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.97 and a quick ratio of 1.00. The firm has a market capitalization of $351.28 billion, a price-to-earnings ratio of 12.19, a P/E/G ratio of 1.58 and a beta of 1.16. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.32. The company had revenue of $28.83 billion during 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 14.40%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.29 earnings per share. As a group, equities analysts predict that JPMorgan Chase & Co. will post 9.92 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were given a dividend of $0.80 per share. The ex-dividend date was Wednesday, July 3rd. This represents a $3.20 annualized dividend and a yield of 2.92%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 35.56%.

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 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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