Family Management Corp Acquires 209 Shares of JPMorgan Chase & Co. (NYSE:JPM)

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Family Management Corp boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,063 shares of the financial services provider’s stock after acquiring an additional 209 shares during the period. Family Management Corp’s holdings in JPMorgan Chase & Co. were worth $566,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of JPM. Morse Asset Management Inc boosted its stake in shares of JPMorgan Chase & Co. by 1.5% in the second quarter. Morse Asset Management Inc now owns 5,781 shares of the financial services provider’s stock valued at $646,000 after buying an additional 86 shares during the period. Harvey Investment Co. LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Harvey Investment Co. LLC now owns 21,596 shares of the financial services provider’s stock valued at $2,414,000 after acquiring an additional 90 shares during the last quarter. CMH Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.4% in the 2nd quarter. CMH Wealth Management LLC now owns 25,978 shares of the financial services provider’s stock valued at $2,904,000 after acquiring an additional 95 shares during the last quarter. Comprehensive Portfolio Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.3% in the 2nd quarter. Comprehensive Portfolio Management LLC now owns 8,005 shares of the financial services provider’s stock valued at $895,000 after acquiring an additional 99 shares during the last quarter. Finally, Navellier & Associates Inc increased its holdings in JPMorgan Chase & Co. by 4.8% in the second quarter. Navellier & Associates Inc now owns 2,181 shares of the financial services provider’s stock valued at $244,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 71.89% of the company’s stock.

JPMorgan Chase & Co. stock traded up $0.46 during trading hours on Friday, reaching $119.84. 5,202,930 shares of the company’s stock were exchanged, compared to its average volume of 10,653,990. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.22. The firm’s 50 day simple moving average is $111.17 and its 200 day simple moving average is $110.13. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $120.40. The firm has a market capitalization of $379.13 billion, a PE ratio of 13.32, a PEG ratio of 1.71 and a beta of 1.19.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The firm had revenue of $28.83 billion during the quarter, compared to the consensus estimate of $28.52 billion. During the same period last year, the business posted $2.29 EPS. The business’s revenue was up 3.9% compared to the same quarter last year. Analysts anticipate that JPMorgan Chase & Co. will post 9.88 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be paid a $0.90 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 3.00%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 35.56%.

A number of analysts recently weighed in on the company. ValuEngine upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Wells Fargo & Co set a $125.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Friday, August 16th. Goldman Sachs Group restated a “neutral” rating and issued a $117.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. Morgan Stanley set a $122.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Buckingham Research downgraded JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 price objective for the company. in a report on Monday. They noted that the move was a valuation call. Thirteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $121.94.

In other news, insider Lori A. Beer sold 13,341 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was 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 directly owns 10,130 shares in the company, valued at approximately $1,157,656.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Peter Scher sold 10,816 shares of the firm’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $115.00, for a total value of $1,243,840.00. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

About JPMorgan Chase & Co.

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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