O Dell Group LLC Raises Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

O Dell Group LLC grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,226 shares of the financial services provider’s stock after buying an additional 708 shares during the period. JPMorgan Chase & Co. makes up 0.9% of O Dell Group LLC’s portfolio, making the stock its 17th largest holding. O Dell Group LLC’s holdings in JPMorgan Chase & Co. were worth $2,990,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Capital International Investors boosted its stake in shares of JPMorgan Chase & Co. by 7.8% during the 1st quarter. Capital International Investors now owns 38,321,985 shares of the financial services provider’s stock worth $5,834,601,000 after purchasing an additional 2,769,555 shares during the period. Prudential Financial Inc. boosted its stake in shares of JPMorgan Chase & Co. by 41.8% during the 1st quarter. Prudential Financial Inc. now owns 5,107,040 shares of the financial services provider’s stock worth $777,444,000 after purchasing an additional 1,504,501 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of JPMorgan Chase & Co. by 10.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 14,424,504 shares of the financial services provider’s stock worth $2,195,842,000 after purchasing an additional 1,323,812 shares during the period. Bessemer Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 33.8% during the 1st quarter. Bessemer Group Inc. now owns 5,218,444 shares of the financial services provider’s stock worth $794,404,000 after purchasing an additional 1,316,994 shares during the period. Finally, Cullen Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 268.9% during the 1st quarter. Cullen Capital Management LLC now owns 1,760,745 shares of the financial services provider’s stock worth $268,038,000 after purchasing an additional 1,283,440 shares during the period. 69.67% of the stock is owned by institutional investors and hedge funds.

NYSE JPM opened at $163.04 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.18. The firm has a market cap of $487.19 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 2.24 and a beta of 1.20. The company has a 50 day moving average price of $156.55 and a 200 day moving average price of $156.37. JPMorgan Chase & Co. has a 52 week low of $91.87 and a 52 week high of $167.44.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Monday, July 12th. The financial services provider reported $3.78 EPS for the quarter, topping the consensus estimate of $3.09 by $0.69. The firm had revenue of $30.50 billion during the quarter, compared to analyst estimates of $29.71 billion. JPMorgan Chase & Co. had a net margin of 37.71% and a return on equity of 19.26%. JPMorgan Chase & Co.’s revenue was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.38 EPS. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 14.05 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 31st. Investors of record on Wednesday, October 6th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Tuesday, October 5th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.90. JPMorgan Chase & Co.’s payout ratio is 40.54%.

A number of equities analysts recently commented on the stock. The Goldman Sachs Group set a $182.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday, June 25th. Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, June 8th. Morgan Stanley boosted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $166.00 and gave the company an “underweight” rating in a research report on Thursday, July 29th. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $173.00 price objective for the company. in a research report on Wednesday, June 9th. Finally, BMO Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. from $136.00 to $141.00 and gave the company a “market perform” rating in a research report on Wednesday, July 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $167.06.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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