Bank of The Ozarks raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.3% during the second quarter, Holdings Channel reports. The institutional investor owned 21,043 shares of the financial services provider’s stock after buying an additional 1,254 shares during the period. JPMorgan Chase & Co. accounts for about 0.9% of Bank of The Ozarks’ portfolio, making the stock its 24th largest position. Bank of The Ozarks’ holdings in JPMorgan Chase & Co. were worth $2,193,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Ballew Advisors Inc boosted its holdings in shares of JPMorgan Chase & Co. by 104.2% during the second quarter. Ballew Advisors Inc now owns 1,213 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 619 shares during the last quarter. Financial Gravity Wealth Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $150,000. Stelac Advisory Services LLC acquired a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $162,000. Private Ocean LLC boosted its holdings in shares of JPMorgan Chase & Co. by 94.7% during the first quarter. Private Ocean LLC now owns 1,694 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 824 shares during the last quarter. Finally, Avenir Corp acquired a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $201,000. Hedge funds and other institutional investors own 70.54% of the company’s stock.
Shares of JPM opened at $108.38 on Monday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $371.96 billion, a P/E ratio of 15.78, a PEG ratio of 1.75 and a beta of 1.13. JPMorgan Chase & Co. has a twelve month low of $95.95 and a twelve month high of $119.33.
JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, October 12th. The financial services provider reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.10. The business had revenue of $27.26 billion for the quarter, compared to analyst estimates of $27.20 billion. JPMorgan Chase & Co. had a return on equity of 13.90% and a net margin of 23.39%. During the same period last year, the company posted $1.76 EPS. Equities research analysts expect that JPMorgan Chase & Co. will post 9.26 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, October 5th were given a $0.80 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. This represents a $3.20 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Thursday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 46.58%.
Several equities research analysts have recently issued reports on JPM shares. Keefe, Bruyette & Woods restated a “$111.53” rating and set a $127.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, July 18th. Royal Bank of Canada restated a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 16th. Credit Suisse Group set a $130.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Thursday, July 12th. DZ Bank upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Finally, UBS Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $123.44.
In other news, Director Mellody L. Hobson bought 1,150 shares of the business’s stock in a transaction that occurred on Friday, October 19th. The shares were acquired at an average cost of $108.94 per share, with a total value of $125,281.00. Following the transaction, the director now owns 2,632 shares of the company’s stock, valued at approximately $286,730.08. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.73% of the company’s stock.
JPMorgan Chase & Co. 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.
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