JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Executive Wealth Management LLC

Executive Wealth Management LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,302 shares of the financial services provider’s stock after buying an additional 177 shares during the quarter. Executive Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $592,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in JPM. Capital World Investors grew its holdings in shares of JPMorgan Chase & Co. by 9.9% during the first quarter. Capital World Investors now owns 91,033,221 shares of the financial services provider’s stock valued at $8,195,754,000 after buying an additional 8,187,609 shares during the last quarter. Viking Global Investors LP purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at $367,801,000. Franklin Resources Inc. grew its holdings in shares of JPMorgan Chase & Co. by 16.8% during the first quarter. Franklin Resources Inc. now owns 17,879,346 shares of the financial services provider’s stock valued at $1,609,696,000 after buying an additional 2,566,973 shares during the last quarter. Morgan Stanley grew its holdings in shares of JPMorgan Chase & Co. by 6.4% during the first quarter. Morgan Stanley now owns 37,812,884 shares of the financial services provider’s stock valued at $3,404,295,000 after buying an additional 2,262,845 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in shares of JPMorgan Chase & Co. by 9,974.9% during the first quarter. Two Sigma Advisers LP now owns 2,125,800 shares of the financial services provider’s stock valued at $191,386,000 after buying an additional 2,104,700 shares during the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have commented on JPM shares. Atlantic Securities raised shares of JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating and set a $120.00 price target on the stock in a report on Wednesday, July 22nd. Royal Bank of Canada set a $99.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Tuesday, April 14th. Goldman Sachs Group raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Friday, July 24th. ValuEngine raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Berenberg Bank upped their price target on shares of JPMorgan Chase & Co. from $77.00 to $80.00 and gave the company a “sell” rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the stock. JPMorgan Chase & Co. presently has an average rating of “Buy” and a consensus target price of $110.89.

JPM opened at $97.32 on Wednesday. JPMorgan Chase & Co. has a twelve month low of $76.91 and a twelve month high of $141.10. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.35. The company has a 50-day moving average price of $97.49 and a 200 day moving average price of $106.07. The company has a market cap of $295.26 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 3.27 and a beta of 1.19.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.04. The firm had revenue of $32.98 billion during the quarter, compared to the consensus estimate of $30.23 billion. JPMorgan Chase & Co. had a net margin of 18.16% and a return on equity of 10.75%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.82 EPS. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 5.92 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be issued a $0.90 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 3.70%. JPMorgan Chase & Co.’s payout ratio is 34.35%.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 24,554 shares of the stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total value of $2,443,614.08. 0.78% of the stock is currently owned by corporate insiders.

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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