Nwam LLC Has $2.05 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Nwam LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,323 shares of the financial services provider’s stock after buying an additional 622 shares during the quarter. Nwam LLC’s holdings in JPMorgan Chase & Co. were worth $2,049,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Rhumbline Advisers increased its position in JPMorgan Chase & Co. by 0.5% during the fourth quarter. Rhumbline Advisers now owns 5,870,204 shares of the financial services provider’s stock worth $573,049,000 after buying an additional 31,681 shares during the last quarter. Fisher Asset Management LLC increased its position in JPMorgan Chase & Co. by 4.0% during the fourth quarter. Fisher Asset Management LLC now owns 5,426,978 shares of the financial services provider’s stock worth $529,782,000 after buying an additional 208,780 shares during the last quarter. Thoroughbred Financial Services LLC increased its position in JPMorgan Chase & Co. by 11,601.0% during the second quarter. Thoroughbred Financial Services LLC now owns 4,973,970 shares of the financial services provider’s stock worth $497,397,000 after buying an additional 4,931,461 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in JPMorgan Chase & Co. by 2.4% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 4,263,000 shares of the financial services provider’s stock worth $416,154,000 after buying an additional 100,000 shares during the last quarter. Finally, ADAMCAPITAL Gestao de Recursos Ltda. increased its position in JPMorgan Chase & Co. by 32.0% during the fourth quarter. ADAMCAPITAL Gestao de Recursos Ltda. now owns 2,598,267 shares of the financial services provider’s stock worth $253,643,000 after buying an additional 629,580 shares during the last quarter. 71.57% of the stock is currently owned by hedge funds and other institutional investors.

JPM stock traded down $0.01 during mid-day trading on Friday, reaching $112.93. 11,024,017 shares of the stock traded hands, compared to its average volume of 10,113,162. 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 52 week low of $91.11 and a 52 week high of $119.24. The stock has a 50-day simple moving average of $112.95. The company has a market cap of $376.30 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 1.67 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.41%. The company had revenue of $28.83 billion during the quarter, compared to analysts’ expectations of $28.52 billion. During the same period in the prior year, the company earned $2.29 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Sell-side analysts predict that JPMorgan Chase & Co. will post 9.92 EPS for the current fiscal year.

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

In related news, insider Lori A. Beer sold 13,341 shares of the stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total value of $1,524,609.48. Following the completion of the sale, the insider now owns 10,130 shares in the company, valued at $1,157,656.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Peter Scher sold 10,816 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,243,840.00. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

JPM has been the topic of several analyst reports. Deutsche Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Friday, June 28th. 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. 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. Credit Suisse Group upped their price target on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Finally, Morgan Stanley upped their price target on shares of JPMorgan Chase & Co. from $124.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. JPMorgan Chase & Co. has an average rating of “Hold” and an average target price of $122.94.

JPMorgan Chase & Co. 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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