Morton Capital Management LLC CA Has $3.67 Million Stock Holdings in JPMorgan Chase & Co. $JPM

Morton Capital Management LLC CA increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,673 shares of the financial services provider’s stock after acquiring an additional 1,004 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.7% of Morton Capital Management LLC CA’s holdings, making the stock its 18th largest holding. Morton Capital Management LLC CA’s holdings in JPMorgan Chase & Co. were worth $3,674,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC boosted its stake in JPMorgan Chase & Co. by 609,867.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 72,897,211 shares of the financial services provider’s stock worth $21,133,630,000 after buying an additional 72,885,260 shares in the last quarter. Nuveen LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at $3,972,807,000. National Bank of Canada FI boosted its stake in shares of JPMorgan Chase & Co. by 44.4% in the 1st quarter. National Bank of Canada FI now owns 4,518,740 shares of the financial services provider’s stock valued at $1,108,415,000 after purchasing an additional 1,388,992 shares in the last quarter. Strs Ohio acquired a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at $279,389,000. Finally, Alecta Tjanstepension Omsesidigt acquired a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at $278,493,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 2.3%

Shares of JPMorgan Chase & Co. stock opened at $298.67 on Friday. The business has a fifty day simple moving average of $302.63 and a two-hundred day simple moving average of $278.17. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $318.01. The company has a market capitalization of $821.27 billion, a price-to-earnings ratio of 14.79, a P/E/G ratio of 1.96 and a beta of 1.13. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.83 by $0.24. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The business had revenue of $46.43 billion during the quarter, compared to the consensus estimate of $44.42 billion. During the same quarter last year, the firm posted $4.37 EPS. The company’s quarterly revenue was up 8.8% on a year-over-year basis. Research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.72%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the transaction, the director owned 82,207 shares in the company, valued at $24,492,753.58. This trade represents a 10.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on JPM. Cowen reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $343.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday. TD Cowen upped their price target on JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Keefe, Bruyette & Woods boosted their price objective on JPMorgan Chase & Co. from $330.00 to $354.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Finally, Barclays upped their price target on JPMorgan Chase & Co. from $330.00 to $342.00 and gave the stock an “overweight” rating in a research report on Wednesday. Fifteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $319.40.

About JPMorgan Chase & Co.

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.