Ranch Capital Advisors Inc. Acquires 624 Shares of JPMorgan Chase & Co. $JPM

Ranch Capital Advisors Inc. increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,659 shares of the financial services provider’s stock after acquiring an additional 624 shares during the period. JPMorgan Chase & Co. makes up 2.0% of Ranch Capital Advisors Inc.’s portfolio, making the stock its 10th biggest position. Ranch Capital Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $4,540,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Peterson Wealth Services increased its position in shares of JPMorgan Chase & Co. by 0.7% during the 2nd quarter. Peterson Wealth Services now owns 51,137 shares of the financial services provider’s stock valued at $14,825,000 after purchasing an additional 344 shares during the period. Richards Merrill & Peterson Inc. grew its holdings in shares of JPMorgan Chase & Co. by 0.9% in the 2nd quarter. Richards Merrill & Peterson Inc. now owns 14,496 shares of the financial services provider’s stock worth $4,203,000 after acquiring an additional 125 shares during the last quarter. Glass Jacobson Investment Advisors llc grew its holdings in shares of JPMorgan Chase & Co. by 341.4% in the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 980 shares of the financial services provider’s stock worth $284,000 after acquiring an additional 758 shares during the last quarter. Sage Mountain Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 3.9% in the 2nd quarter. Sage Mountain Advisors LLC now owns 50,896 shares of the financial services provider’s stock worth $14,755,000 after acquiring an additional 1,916 shares during the last quarter. Finally, Moment Partners LLC increased its stake in JPMorgan Chase & Co. by 0.5% in the 2nd quarter. Moment Partners LLC now owns 7,787 shares of the financial services provider’s stock worth $2,258,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on JPM. Phillip Securities cut JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 16th. KGI Securities lifted their price objective on shares of JPMorgan Chase & Co. from $300.00 to $315.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. HSBC reiterated a “reduce” rating and set a $259.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. Daiwa Capital Markets lifted their price target on JPMorgan Chase & Co. from $330.00 to $332.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings upgraded JPMorgan Chase & Co. from a “buy (b+)” rating to a “buy (a-)” rating in a report on Saturday, October 25th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $322.50.

Insider Buying and Selling

In related 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 completion of the sale, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Trading Down 0.6%

JPMorgan Chase & Co. stock opened at $309.19 on Tuesday. The company’s fifty day simple moving average is $305.20 and its 200-day simple moving average is $285.41. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $318.01. The stock has a market cap of $850.18 billion, a P/E ratio of 15.31, a P/E/G ratio of 1.84 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.83 by $0.24. The firm 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%.The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.37 earnings per share. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 6th were given a $1.50 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, October 6th. JPMorgan Chase & Co.’s payout ratio is presently 29.72%.

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.