Chicago Partners Investment Group LLC Grows Position in JPMorgan Chase & Co. $JPM

Chicago Partners Investment Group LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 84,731 shares of the financial services provider’s stock after buying an additional 1,078 shares during the quarter. JPMorgan Chase & Co. comprises 0.7% of Chicago Partners Investment Group LLC’s investment portfolio, making the stock its 26th biggest holding. Chicago Partners Investment Group LLC’s holdings in JPMorgan Chase & Co. were worth $25,145,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in JPM. Sigma Investment Counselors Inc. grew its stake in shares of JPMorgan Chase & Co. by 4.1% in the 2nd quarter. Sigma Investment Counselors Inc. now owns 52,654 shares of the financial services provider’s stock valued at $15,265,000 after purchasing an additional 2,060 shares during the last quarter. Pinnacle Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. by 499.4% in the 2nd quarter. Pinnacle Wealth Management LLC now owns 9,765 shares of the financial services provider’s stock valued at $2,831,000 after purchasing an additional 8,136 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $210,000. Financial Synergies Wealth Advisors Inc. grew its stake in shares of JPMorgan Chase & Co. by 25.2% in the 2nd quarter. Financial Synergies Wealth Advisors Inc. now owns 1,252 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 252 shares during the last quarter. Finally, Kelman Lazarov Inc. grew its stake in shares of JPMorgan Chase & Co. by 16.9% in the 2nd quarter. Kelman Lazarov Inc. now owns 1,257 shares of the financial services provider’s stock valued at $364,000 after purchasing an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.0%

JPM opened at $305.30 on Thursday. The business’s fifty day moving average is $304.24 and its two-hundred day moving average is $283.41. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.86. The company has a market cap of $839.49 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.84 and a beta of 1.13. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. The company had revenue of $46.43 billion for the quarter, compared to the consensus estimate of $44.42 billion. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.JPMorgan Chase & Co.’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $4.37 earnings per share. Analysts anticipate 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 given a dividend of $1.50 per share. The ex-dividend date is Monday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.72%.

Insider Buying and Selling

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

Analyst Ratings Changes

Several brokerages have weighed in on JPM. The Goldman Sachs Group reiterated a “buy” rating and issued a $366.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 14th. Barclays lifted their target price on JPMorgan Chase & Co. from $330.00 to $342.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft lifted their target price on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a “hold” rating in a research note on Tuesday, September 30th. KGI Securities raised their price target on JPMorgan Chase & Co. from $300.00 to $315.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Finally, Citigroup raised their price target on JPMorgan Chase & Co. from $275.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus price target of $322.27.

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.