Heck Capital Advisors LLC Has $1.76 Million Position in JPMorgan Chase & Co. $JPM

Heck Capital Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,060 shares of the financial services provider’s stock after acquiring an additional 323 shares during the period. Heck Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,757,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. KPP Advisory Services LLC grew its stake in shares of JPMorgan Chase & Co. by 6.5% in the 2nd quarter. KPP Advisory Services LLC now owns 18,131 shares of the financial services provider’s stock valued at $5,256,000 after buying an additional 1,114 shares during the period. Litman Gregory Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. by 85.6% in the 2nd quarter. Litman Gregory Wealth Management LLC now owns 3,795 shares of the financial services provider’s stock valued at $1,100,000 after buying an additional 1,750 shares during the period. Rochester Wealth Strategies LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $264,000. D.B. Root & Company LLC grew its stake in shares of JPMorgan Chase & Co. by 30.2% in the 2nd quarter. D.B. Root & Company LLC now owns 4,266 shares of the financial services provider’s stock valued at $1,237,000 after buying an additional 990 shares during the period. Finally, Capital Advisors Inc. OK grew its stake in shares of JPMorgan Chase & Co. by 5.7% in the 2nd quarter. Capital Advisors Inc. OK now owns 535,819 shares of the financial services provider’s stock valued at $155,339,000 after buying an additional 28,779 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on JPM. Daiwa Capital Markets boosted their price target on shares of JPMorgan Chase & Co. from $330.00 to $332.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Weiss Ratings restated a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 8th. Evercore ISI boosted their price target on shares of JPMorgan Chase & Co. from $309.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. UBS Group raised their price target on shares of JPMorgan Chase & Co. from $339.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Finally, Phillip Securities cut shares of JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 16th. Fifteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Hold” and a consensus target price of $316.00.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the transaction, the director owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Trading Up 2.4%

NYSE:JPM opened at $308.08 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $847.15 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 1.94 and a beta of 1.13. The firm’s 50 day moving average is $301.89 and its 200 day moving average is $277.44. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping the consensus estimate of $4.48 by $0.48. The firm had revenue of $44.91 billion for the quarter, compared to analysts’ expectations of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.12 earnings per share. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Monday, October 6th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. JPMorgan Chase & Co.’s payout ratio is currently 30.79%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.