JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by CSat Investment Advisory L.P.

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CSat Investment Advisory L.P. increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 23.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,315 shares of the financial services provider’s stock after acquiring an additional 5,210 shares during the period. JPMorgan Chase & Co. makes up about 1.1% of CSat Investment Advisory L.P.’s holdings, making the stock its 11th largest holding. CSat Investment Advisory L.P.’s holdings in JPMorgan Chase & Co. were worth $3,054,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Morgan Stanley raised its stake in JPMorgan Chase & Co. by 5.8% in the second quarter. Morgan Stanley now owns 35,662,949 shares of the financial services provider’s stock valued at $3,987,118,000 after buying an additional 1,952,873 shares in the last quarter. Invesco Ltd. raised its stake in JPMorgan Chase & Co. by 39.8% in the second quarter. Invesco Ltd. now owns 23,689,706 shares of the financial services provider’s stock valued at $2,648,509,000 after buying an additional 6,745,215 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of JPMorgan Chase & Co. by 1.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 15,021,076 shares of the financial services provider’s stock worth $1,679,357,000 after purchasing an additional 275,854 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of JPMorgan Chase & Co. by 2.5% during the second quarter. Parametric Portfolio Associates LLC now owns 11,155,325 shares of the financial services provider’s stock worth $1,247,165,000 after purchasing an additional 272,685 shares during the last quarter. Finally, APG Asset Management N.V. grew its holdings in shares of JPMorgan Chase & Co. by 5.0% during the second quarter. APG Asset Management N.V. now owns 8,002,662 shares of the financial services provider’s stock worth $785,649,000 after purchasing an additional 384,282 shares during the last quarter. Institutional investors and hedge funds own 71.89% of the company’s stock.

In related news, Director Mellody L. Hobson purchased 18,200 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $109.91 per share, for a total transaction of $2,000,362.00. Following the transaction, the director now owns 7,804 shares in the company, valued at $857,737.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Peter Scher sold 10,816 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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 traded down $0.48 during trading on Friday, reaching $118.90. The company’s stock had a trading volume of 21,882,348 shares, compared to its average volume of 10,780,324. JPMorgan Chase & Co. has a 52-week low of $91.11 and a 52-week high of $120.40. The company’s fifty day moving average price is $111.24 and its 200-day moving average price is $110.21. The company has a market capitalization of $382.93 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 1.73 and a beta of 1.19. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 0.97.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, beating 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 company had revenue of $28.83 billion for the quarter, compared to analyst estimates of $28.52 billion. During the same quarter in the previous year, the company earned $2.29 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities analysts predict that JPMorgan Chase & Co. will post 9.88 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.03%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.

Several equities analysts have issued reports on JPM shares. Morgan Stanley set a $122.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 9th. Deutsche Bank reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, June 28th. Wells Fargo & Co set a $125.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 16th. Royal Bank of Canada reaffirmed a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, July 16th. Finally, ValuEngine raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Thirteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $121.94.

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.

Further Reading: Equal Weight Rating

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

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