Lion Street Advisors LLC Acquires 414 Shares of JPMorgan Chase & Co. $JPM

Lion Street Advisors LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 5.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,956 shares of the financial services provider’s stock after buying an additional 414 shares during the period. JPMorgan Chase & Co. accounts for 0.7% of Lion Street Advisors LLC’s investment portfolio, making the stock its 26th biggest position. Lion Street Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,306,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of JPM. Kingstone Capital Partners Texas LLC boosted its holdings in JPMorgan Chase & Co. by 609,867.5% in the 2nd 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 during the period. Nuveen LLC bought a new position in JPMorgan Chase & Co. in the 1st quarter valued at $3,972,807,000. National Bank of Canada FI boosted its holdings in 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 during the period. Strs Ohio bought a new position in JPMorgan Chase & Co. in the 1st quarter valued at $279,389,000. Finally, Alecta Tjanstepension Omsesidigt bought a new position in JPMorgan Chase & Co. in the 1st quarter valued at $278,493,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Trading Down 1.1%

NYSE:JPM opened at $293.83 on Thursday. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $318.01. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88. The company’s 50-day simple moving average is $303.23 and its 200 day simple moving average is $279.98. The firm has a market capitalization of $807.96 billion, a P/E ratio of 14.55, a PEG ratio of 1.79 and a beta of 1.13.

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

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.0%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.72%.

Analyst Ratings Changes

Several brokerages have commented on JPM. Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Evercore ISI raised their price target on shares of JPMorgan Chase & Co. from $309.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Morgan Stanley raised their price target on shares of JPMorgan Chase & Co. from $336.00 to $338.00 and gave the company an “equal weight” rating in a report on Wednesday, October 15th. Keefe, Bruyette & Woods raised their price target on shares of JPMorgan Chase & Co. from $330.00 to $354.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Finally, TD Cowen raised their price objective on shares of JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $322.86.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction dated 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 completion of the transaction, the director directly owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.47% of the company’s stock.

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.