West Oak Capital LLC Purchases 330 Shares of JPMorgan Chase & Co. (NYSE:JPM)

West Oak Capital LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 24,304 shares of the financial services provider’s stock after buying an additional 330 shares during the quarter. JPMorgan Chase & Co. comprises about 1.6% of West Oak Capital LLC’s portfolio, making the stock its 11th largest holding. West Oak Capital LLC’s holdings in JPMorgan Chase & Co. were worth $2,717,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Smart Portfolios LLC increased its position in shares of JPMorgan Chase & Co. by 29.6% during the 4th quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 114 shares during the last quarter. Semmax Financial Advisors Inc. acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $56,000. D Orazio & Associates Inc. increased its holdings in shares of JPMorgan Chase & Co. by 62.6% during the 4th quarter. D Orazio & Associates Inc. now owns 779 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 300 shares during the last quarter. Kohmann Bosshard Financial Services LLC increased its holdings in shares of JPMorgan Chase & Co. by 30.0% during the 2nd quarter. Kohmann Bosshard Financial Services LLC now owns 1,300 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 300 shares during the last quarter. Finally, QV Investors Inc. increased its holdings in shares of JPMorgan Chase & Co. by 9.1% during the 4th quarter. QV Investors Inc. now owns 1,315 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 71.57% of the company’s stock.

A number of research analysts recently weighed in on the company. BMO Capital Markets boosted their target price on JPMorgan Chase & Co. from $116.00 to $118.00 and gave the stock a “market perform” rating in a report on Monday, April 15th. Morgan Stanley boosted their target price on JPMorgan Chase & Co. from $124.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Goldman Sachs Group reissued a “neutral” rating and set a $117.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. Royal Bank of Canada reissued a “buy” rating and set a $120.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 16th. Finally, Deutsche Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, June 28th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $122.94.

In related news, EVP Peter Scher sold 10,816 shares of the business’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $115.00, for a total value of $1,243,840.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lori A. Beer sold 13,341 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $1,157,656.40. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

JPM traded down $0.01 during trading on Friday, hitting $112.93. The stock had a trading volume of 11,024,017 shares, compared to its average volume of 10,896,389. The stock has a 50 day simple moving average of $112.95. The company has a market capitalization of $366.37 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $119.24. The company has a current ratio of 0.97, a quick ratio of 1.00 and a debt-to-equity ratio of 1.22.

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 Thomson Reuters’ consensus estimate of $2.50 by $0.32. The business had revenue of $28.83 billion during the quarter, compared to the consensus estimate of $28.52 billion. JPMorgan Chase & Co. had a return on equity of 14.41% and a net margin of 24.73%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.29 EPS. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 9.92 EPS for the current fiscal year.

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

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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