Total Investment Management Inc. Has $769,000 Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Total Investment Management Inc. boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,840 shares of the financial services provider’s stock after purchasing an additional 151 shares during the period. JPMorgan Chase & Co. accounts for about 0.1% of Total Investment Management Inc.’s investment portfolio, making the stock its 29th biggest holding. Total Investment Management Inc.’s holdings in JPMorgan Chase & Co. were worth $769,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of JPM. Stone House Investment Management LLC grew its stake 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 acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $35,000. Partnership Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $36,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $40,000. Finally, Stuart Chaussee & Associates Inc. acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $40,000. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Oppenheimer reduced their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. StockNews.com downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 19th. Royal Bank of Canada restated an “outperform” rating and issued a $211.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Jefferies Financial Group lifted their price objective on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, UBS Group increased their price objective on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $194.10.

JPMorgan Chase & Co. Trading Up 1.6 %

Shares of JPMorgan Chase & Co. stock opened at $202.26 on Monday. 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. has a 12-month low of $135.19 and a 12-month high of $205.88. The company has a market capitalization of $580.82 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 2.72 and a beta of 1.12. The firm’s 50-day moving average price is $196.91 and its two-hundred day moving average price is $186.28.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. The company had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. On average, analysts forecast that JPMorgan Chase & Co. will post 16.44 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

Insider Activity

In other news, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction on 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 completion of 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 legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total value of $984,853.04. Following the sale, the insider now directly owns 217,351 shares in the company, valued at approximately $42,087,847.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO James Dimon sold 178,222 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the transaction, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 250,565 shares of company stock worth $46,962,717. Insiders own 0.79% of the company’s stock.

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.