JPMorgan Chase & Co. (NYSE:JPM) is Horan Capital Advisors LLC.’s 9th Largest Position

Horan Capital Advisors LLC. lifted its position in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 1.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,762 shares of the financial services provider’s stock after purchasing an additional 651 shares during the quarter. JPMorgan Chase & Co. comprises about 1.9% of Horan Capital Advisors LLC.’s holdings, making the stock its 9th biggest holding. Horan Capital Advisors LLC.’s holdings in JPMorgan Chase & Co. were worth $3,946,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of JPM. Karpas Strategies LLC grew its position in JPMorgan Chase & Co. by 0.4% in the 3rd quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock valued at $2,251,000 after buying an additional 80 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. grew its position in JPMorgan Chase & Co. by 3.3% in the 2nd quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,685 shares of the financial services provider’s stock valued at $302,000 after buying an additional 85 shares during the last quarter. Keb Asset Management LLC grew its position in JPMorgan Chase & Co. by 2.5% in the 3rd quarter. Keb Asset Management LLC now owns 3,485 shares of the financial services provider’s stock valued at $364,000 after buying an additional 85 shares during the last quarter. Royal Capital Wealth Management LLC grew its position in JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Royal Capital Wealth Management LLC now owns 19,759 shares of the financial services provider’s stock valued at $2,225,000 after buying an additional 87 shares during the last quarter. Finally, Altus Wealth Group LLC grew its position in JPMorgan Chase & Co. by 1.4% in the 2nd quarter. Altus Wealth Group LLC now owns 6,281 shares of the financial services provider’s stock valued at $1,028,000 after buying an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.2 %

Shares of NYSE:JPM opened at $135.08 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $159.03. The stock has a market capitalization of $396.22 billion, a P/E ratio of 11.18, a PEG ratio of 2.23 and a beta of 1.13. The stock has a 50-day simple moving average of $134.60 and a 200-day simple moving average of $122.72.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.11 by $0.46. The business had revenue of $34.55 billion during the quarter, compared to analysts’ expectations of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.33 EPS. Equities analysts forecast that JPMorgan Chase & Co. will post 12.81 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 33.11%.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of recent analyst reports. Barclays raised their target price on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Morgan Stanley raised their target price on JPMorgan Chase & Co. from $153.00 to $167.00 and gave the company an “overweight” rating in a report on Tuesday, January 17th. Citigroup lifted their price target on JPMorgan Chase & Co. from $150.00 to $165.00 in a research note on Tuesday, January 17th. StockNews.com initiated coverage on JPMorgan Chase & Co. in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Royal Bank of Canada set a $130.00 price target on JPMorgan Chase & Co. in a research note on Friday, January 13th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus price target of $147.89.

Insiders Place Their Bets

In related news, Director Mellody L. Hobson purchased 375 shares of the firm’s stock in a transaction on Thursday, January 19th. The stock was purchased at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the acquisition, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,310 shares of the company’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $163,776.20. Following the transaction, the insider now directly owns 34,973 shares of the company’s stock, valued at approximately $4,372,324.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mellody L. Hobson bought 375 shares of the business’s stock in a transaction on Thursday, January 19th. The stock was acquired at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the transaction, the director now owns 22,040 shares in the company, valued at $2,965,041.20. The disclosure for this purchase can be found here. Insiders sold a total of 46,336 shares of company stock worth $6,372,156 in the last 90 days. 0.79% of the stock is owned by company insiders.

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.