BKD Wealth Advisors LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 5.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,122 shares of the financial services provider’s stock after purchasing an additional 2,404 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.4% of BKD Wealth Advisors LLC’s investment portfolio, making the stock its 29th biggest position. BKD Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $4,597,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Summit Trail Advisors LLC lifted its position in JPMorgan Chase & Co. by 10,129.2% during the first quarter. Summit Trail Advisors LLC now owns 6,914,142 shares of the financial services provider’s stock worth $6,914,000 after purchasing an additional 6,846,550 shares during the period. OppenheimerFunds Inc. increased its position in JPMorgan Chase & Co. by 104.9% during the 1st quarter. OppenheimerFunds Inc. now owns 9,051,033 shares of the financial services provider’s stock valued at $995,342,000 after purchasing an additional 4,634,515 shares during the period. Mackenzie Financial Corp increased its position in JPMorgan Chase & Co. by 421.0% during the 4th quarter. Mackenzie Financial Corp now owns 3,427,864 shares of the financial services provider’s stock valued at $366,576,000 after purchasing an additional 2,769,926 shares during the period. ADAMCAPITAL Gestao de Recursos Ltda. acquired a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $262,139,000. Finally, OMERS ADMINISTRATION Corp increased its position in JPMorgan Chase & Co. by 108.1% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 3,835,312 shares of the financial services provider’s stock valued at $421,769,000 after purchasing an additional 1,992,507 shares during the period. Hedge funds and other institutional investors own 70.56% of the company’s stock.
In related news, CEO Gordon Smith sold 30,725 shares of the stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $114.01, for a total value of $3,502,957.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.73% of the stock is currently owned by corporate insiders.
Shares of JPMorgan Chase & Co. stock traded down $1.18 on Friday, reaching $106.95. 32,048,399 shares of the company’s stock were exchanged, compared to its average volume of 14,428,502. The stock has a market capitalization of $387.26 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 1.85 and a beta of 1.17. JPMorgan Chase & Co. has a 52 week low of $94.96 and a 52 week high of $119.33. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.10. The firm had revenue of $27.26 billion for the quarter, compared to analysts’ expectations of $27.20 billion. JPMorgan Chase & Co. had a return on equity of 13.18% and a net margin of 22.80%. During the same period in the prior year, the business earned $1.76 EPS. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 9.17 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Friday, October 5th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.99%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Thursday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 46.58%.
A number of analysts have weighed in on the stock. Vining Sparks reissued a “buy” rating and set a $125.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday. Goldman Sachs Group set a $130.00 target price on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Friday. Citigroup increased their target price on shares of JPMorgan Chase & Co. from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, September 26th. Wolfe Research assumed coverage on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 25th. They set an “outperform” rating for the company. Finally, Bank of America increased their target price on shares of JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a research report on Monday, September 17th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $121.99.
About JPMorgan Chase & Co.
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.
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