JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Rothschild Investment Corp IL

Rothschild Investment Corp IL grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 2.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 163,876 shares of the financial services provider’s stock after acquiring an additional 4,585 shares during the period. JPMorgan Chase & Co. comprises about 1.7% of Rothschild Investment Corp IL’s holdings, making the stock its 7th biggest position. Rothschild Investment Corp IL’s holdings in JPMorgan Chase & Co. were worth $18,454,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Country Trust Bank raised its position in shares of JPMorgan Chase & Co. by 3.1% during the 2nd quarter. Country Trust Bank now owns 447,094 shares of the financial services provider’s stock worth $50,347,000 after purchasing an additional 13,325 shares during the last quarter. 626 Financial LLC raised its position in shares of JPMorgan Chase & Co. by 2.0% during the 2nd quarter. 626 Financial LLC now owns 14,529 shares of the financial services provider’s stock worth $1,635,000 after purchasing an additional 288 shares during the last quarter. Pinnacle Bancorp Inc. raised its position in shares of JPMorgan Chase & Co. by 0.3% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 33,300 shares of the financial services provider’s stock worth $3,750,000 after purchasing an additional 93 shares during the last quarter. Bridges Investment Management Inc. raised its position in shares of JPMorgan Chase & Co. by 2.7% during the 2nd quarter. Bridges Investment Management Inc. now owns 301,652 shares of the financial services provider’s stock worth $33,970,000 after purchasing an additional 7,789 shares during the last quarter. Finally, Financial Management Professionals Inc. raised its position in shares of JPMorgan Chase & Co. by 14.5% during the 2nd quarter. Financial Management Professionals Inc. now owns 11,010 shares of the financial services provider’s stock worth $1,240,000 after purchasing an additional 1,392 shares during the last quarter. 68.57% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Down 2.0 %

Shares of NYSE JPM opened at $115.83 on Wednesday. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week high of $172.96. The firm has a fifty day moving average of $115.96 and a 200-day moving average of $122.40. The stock has a market capitalization of $339.68 billion, a PE ratio of 9.30, a P/E/G ratio of 2.07 and a beta of 1.10. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.85 by ($0.09). JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The company had revenue of $30.72 billion for the quarter, compared to analysts’ expectations of $31.82 billion. During the same period in the prior year, the firm earned $3.78 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. On average, analysts anticipate that JPMorgan Chase & Co. will post 11.32 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, October 6th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.45%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 32.10%.

Analysts Set New Price Targets

Several brokerages recently issued reports on JPM. UBS Group cut their price objective on JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating for the company in a research report on Friday, July 15th. Deutsche Bank Aktiengesellschaft cut their price objective on JPMorgan Chase & Co. from $174.00 to $155.00 and set a “buy” rating for the company in a research report on Monday, September 12th. Societe Generale upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price target for the company from $145.00 to $150.00 in a report on Tuesday, May 24th. Citigroup upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and cut their price target for the company from $145.00 to $135.00 in a report on Tuesday, July 12th. Finally, Credit Suisse Group set a $145.00 price target on JPMorgan Chase & Co. in a report on Monday, August 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $145.95.

JPMorgan Chase & Co. Company Profile

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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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

See Also

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

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