JPMorgan Chase & Co. (JPM) Shares Bought by Silicon Valley Capital Partners

Silicon Valley Capital Partners boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 35.7% in the second quarter, Holdings Channel reports. The institutional investor owned 2,851 shares of the financial services provider’s stock after purchasing an additional 750 shares during the quarter. JPMorgan Chase & Co. comprises 0.2% of Silicon Valley Capital Partners’ portfolio, making the stock its 21st biggest position. Silicon Valley Capital Partners’ holdings in JPMorgan Chase & Co. were worth $328,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of JPM. Elite Wealth Management Inc. increased its holdings in shares of JPMorgan Chase & Co. by 4.1% during the 1st quarter. Elite Wealth Management Inc. now owns 17,891 shares of the financial services provider’s stock valued at $1,967,000 after purchasing an additional 701 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 2.7% during the 1st quarter. Nuveen Asset Management LLC now owns 1,124,172 shares of the financial services provider’s stock valued at $123,625,000 after purchasing an additional 29,540 shares in the last quarter. Syntal Capital Partners LLC increased its holdings in shares of JPMorgan Chase & Co. by 11.3% during the 1st quarter. Syntal Capital Partners LLC now owns 9,963 shares of the financial services provider’s stock valued at $1,095,000 after purchasing an additional 1,013 shares in the last quarter. NN Investment Partners Holdings N.V. increased its holdings in shares of JPMorgan Chase & Co. by 5.5% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 140,044 shares of the financial services provider’s stock valued at $14,593,000 after purchasing an additional 7,269 shares in the last quarter. Finally, First Citizens Bank & Trust Co. increased its holdings in shares of JPMorgan Chase & Co. by 0.7% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 136,527 shares of the financial services provider’s stock valued at $14,227,000 after purchasing an additional 934 shares in the last quarter. 70.54% of the stock is owned by institutional investors.

In related news, Director Mellody L. Hobson purchased 1,150 shares of the company’s stock in a transaction that occurred on Friday, October 19th. The shares were purchased at an average price of $108.94 per share, with a total value of $125,281.00. Following the purchase, the director now owns 2,632 shares of the company’s stock, valued at $286,730.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is currently owned by company insiders.

Several equities analysts have recently weighed in on JPM shares. Credit Suisse Group set a $130.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Thursday, July 12th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $124.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 16th. Royal Bank of Canada reaffirmed a “buy” rating and set a $120.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 16th. BMO Capital Markets lifted their target price on shares of JPMorgan Chase & Co. from $110.00 to $118.00 and gave the company a “market perform” rating in a report on Monday, July 16th. Finally, Societe Generale reaffirmed a “neutral” rating and set a $119.50 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 16th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. JPMorgan Chase & Co. currently has an average rating of “Buy” and a consensus target price of $123.44.

JPMorgan Chase & Co. stock opened at $108.98 on Friday. JPMorgan Chase & Co. has a 1 year low of $95.95 and a 1 year high of $119.33. The firm has a market capitalization of $366.19 billion, a P/E ratio of 15.86, a P/E/G ratio of 1.73 and a beta of 1.17. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.01 and a current ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.10. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. The firm had revenue of $27.26 billion for the quarter, compared to analysts’ expectations of $27.20 billion. During the same quarter last year, the company earned $1.76 EPS. As a group, analysts forecast that JPMorgan Chase & Co. will post 9.26 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, October 5th were paid a $0.80 dividend. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $3.20 dividend on an annualized basis and a yield of 2.94%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 46.58%.

JPMorgan Chase & Co. Company Profile

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.

Read More: Analyst Ratings

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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