JPMorgan Chase & Co. (NYSE:JPM) is World Asset Management Inc’s 8th Largest Position

World Asset Management Inc lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 212,486 shares of the financial services provider’s stock after purchasing an additional 4,136 shares during the period. JPMorgan Chase & Co. comprises about 1.2% of World Asset Management Inc’s holdings, making the stock its 8th largest holding. World Asset Management Inc’s holdings in JPMorgan Chase & Co. were worth $23,756,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the stock. BKD Wealth Advisors LLC raised its holdings in JPMorgan Chase & Co. by 3.4% during the 4th quarter. BKD Wealth Advisors LLC now owns 45,053 shares of the financial services provider’s stock worth $4,398,000 after purchasing an additional 1,500 shares during the last quarter. Carmichael Hill & Associates Inc. raised its holdings in JPMorgan Chase & Co. by 2.3% during the 4th quarter. Carmichael Hill & Associates Inc. now owns 6,785 shares of the financial services provider’s stock worth $662,000 after purchasing an additional 152 shares during the last quarter. Hedeker Wealth LLC raised its holdings in JPMorgan Chase & Co. by 1.9% during the 4th quarter. Hedeker Wealth LLC now owns 39,054 shares of the financial services provider’s stock worth $3,812,000 after purchasing an additional 735 shares during the last quarter. Rockland Trust Co. raised its holdings in JPMorgan Chase & Co. by 13.7% during the 4th quarter. Rockland Trust Co. now owns 17,773 shares of the financial services provider’s stock worth $1,735,000 after purchasing an additional 2,137 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in JPMorgan Chase & Co. by 115.2% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 72,498 shares of the financial services provider’s stock worth $7,077,000 after purchasing an additional 38,806 shares during the last quarter. Hedge funds and other institutional investors own 71.57% of the company’s stock.

Several research analysts have issued reports on JPM shares. Zacks Investment Research lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Royal Bank of Canada restated a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 16th. BMO Capital Markets raised their price target on shares of JPMorgan Chase & Co. from $116.00 to $118.00 and gave the stock a “market perform” rating in a report on Monday, April 15th. Credit Suisse Group raised their price target on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Finally, Goldman Sachs Group restated a “neutral” rating and set a $117.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $122.94.

Shares of NYSE:JPM traded down $0.01 during mid-day trading on Friday, hitting $112.93. The company had a trading volume of 11,024,017 shares, compared to its average volume of 10,113,162. The company has a fifty day moving average of $112.95. The firm has a market capitalization of $376.30 billion, a P/E ratio of 12.55, a PEG ratio of 1.67 and a beta of 1.16. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.97 and a quick ratio of 1.00. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share 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 14.41%. JPMorgan Chase & Co.’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.29 EPS. On average, equities research analysts predict that JPMorgan Chase & Co. will post 9.92 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th were paid a $0.80 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $3.20 annualized dividend and a dividend yield of 2.83%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.

In other news, EVP Peter Scher sold 10,816 shares of JPMorgan Chase & Co. stock in a transaction 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 at this link. Also, insider Lori A. Beer sold 13,341 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the completion of the sale, the insider now owns 10,130 shares of the company’s stock, valued at approximately $1,157,656.40. The disclosure for this sale can be found here. Insiders own 0.76% 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 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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