WFA of San Diego LLC acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 5,981 shares of the financial services provider’s stock, valued at approximately $822,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc boosted its holdings in shares of JPMorgan Chase & Co. by 3.5% during the 2nd quarter. AdvisorNet Financial Inc now owns 35,247 shares of the financial services provider’s stock valued at $3,315,000 after acquiring an additional 1,205 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $65,918,000. Sequoia Financial Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 8.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 36,644 shares of the financial services provider’s stock worth $3,447,000 after buying an additional 2,830 shares during the period. Asset Dedication LLC lifted its holdings in JPMorgan Chase & Co. by 8.9% during the 2nd quarter. Asset Dedication LLC now owns 35,376 shares of the financial services provider’s stock worth $3,317,000 after buying an additional 2,890 shares during the period. Finally, ArrowMark Colorado Holdings LLC lifted its holdings in JPMorgan Chase & Co. by 37.3% during the 2nd quarter. ArrowMark Colorado Holdings LLC now owns 166,089 shares of the financial services provider’s stock worth $15,622,000 after buying an additional 45,094 shares during the period. 69.35% of the stock is currently owned by institutional investors.

In other news, CEO Mary E. Erdoes sold 24,554 shares of the business’s stock in a transaction that occurred on Wednesday, July 15th. The stock was sold at an average price of $99.52, for a total value of $2,443,614.08. 0.78% of the stock is owned by insiders.

Several research analysts have commented on the company. Goldman Sachs Group raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Friday, July 24th. DA Davidson raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $102.00 to $117.00 in a research report on Thursday, July 9th. Berenberg Bank lifted their price objective on JPMorgan Chase & Co. from $77.00 to $80.00 and gave the stock a “sell” rating in a research report on Monday, July 20th. Atlantic Securities raised JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating and set a $120.00 price objective for the company in a research report on Wednesday, July 22nd. Finally, Odeon Capital Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $105.75 price objective for the company in a research report on Wednesday, May 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. currently has a consensus rating of “Buy” and an average price target of $111.37.

JPM traded up $0.65 during midday trading on Wednesday, reaching $99.93. 979,832 shares of the company were exchanged, compared to its average volume of 20,928,539. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.88 and a current ratio of 0.88. The company’s fifty day moving average price is $100.06 and its 200 day moving average price is $97.29. The company has a market cap of $302.57 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 3.39 and a beta of 1.16. JPMorgan Chase & Co. has a one year low of $76.91 and a one year high of $141.10.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.04. The firm had revenue of $32.98 billion during the quarter, compared to analyst estimates of $30.23 billion. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.82 EPS. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 5.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.60%. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.

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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