JPMorgan Chase & Co. (NYSE:JPM) Stake Raised by BTR Capital Management Inc.

BTR Capital Management Inc. raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 175,862 shares of the financial services provider’s stock after acquiring an additional 5,071 shares during the period. JPMorgan Chase & Co. makes up 2.8% of BTR Capital Management Inc.’s portfolio, making the stock its 9th biggest position. BTR Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $19,804,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of JPMorgan Chase & Co. by 2.6% in the first quarter. Vanguard Group Inc. now owns 266,854,574 shares of the financial services provider’s stock worth $36,377,615,000 after acquiring an additional 6,792,220 shares during the last quarter. State Street Corp lifted its holdings in shares of JPMorgan Chase & Co. by 1.6% during the fourth quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock valued at $22,441,376,000 after purchasing an additional 2,277,065 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of JPMorgan Chase & Co. by 4.5% during the first quarter. Capital Research Global Investors now owns 36,611,171 shares of the financial services provider’s stock valued at $4,990,845,000 after purchasing an additional 1,590,742 shares in the last quarter. Norges Bank bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $4,092,843,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of JPMorgan Chase & Co. by 4.7% during the first quarter. Dimensional Fund Advisors LP now owns 19,360,635 shares of the financial services provider’s stock valued at $2,639,810,000 after purchasing an additional 877,422 shares in the last quarter. 68.57% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $115.83 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.14. The business has a 50-day simple moving average of $115.96 and a two-hundred day simple moving average of $122.40. The stock has a market cap of $339.68 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 2.07 and a beta of 1.10. JPMorgan Chase & Co. has a 52 week low of $106.06 and a 52 week high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, hitting analysts’ consensus estimates of $2.76. The business had revenue of $30.72 billion during the quarter, compared to analysts’ expectations of $31.82 billion. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.78 earnings per share. On average, analysts expect that JPMorgan Chase & Co. will post 11.32 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 3.45%. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.10%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. BMO Capital Markets upped their price target on JPMorgan Chase & Co. from $150.00 to $156.00 in a report on Tuesday, May 24th. Morgan Stanley lowered their price target on JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating on the stock in a report on Tuesday, July 12th. Berenberg Bank raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price target on the stock in a report on Monday, July 18th. UBS Group lowered their price target on JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating on the stock in a report on Friday, July 15th. Finally, Jefferies Financial Group set a $117.00 target price on JPMorgan Chase & Co. in a report on Monday, September 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.

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

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