JPMorgan Chase & Co. $JPM Shares Bought by Mcdonald Capital Investors Inc. CA

Mcdonald Capital Investors Inc. CA boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 21.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 289,677 shares of the financial services provider’s stock after buying an additional 51,807 shares during the period. JPMorgan Chase & Co. makes up about 5.3% of Mcdonald Capital Investors Inc. CA’s investment portfolio, making the stock its 10th biggest position. Mcdonald Capital Investors Inc. CA’s holdings in JPMorgan Chase & Co. were worth $83,980,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JPM. Prudent Man Advisors LLC grew its holdings in JPMorgan Chase & Co. by 11.0% during the 2nd quarter. Prudent Man Advisors LLC now owns 19,019 shares of the financial services provider’s stock worth $5,514,000 after acquiring an additional 1,887 shares during the period. Forte Asset Management LLC bought a new position in shares of JPMorgan Chase & Co. in the 2nd quarter worth $203,000. Conservest Capital Advisors Inc. boosted its position in shares of JPMorgan Chase & Co. by 12.0% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 1,045 shares of the financial services provider’s stock worth $303,000 after purchasing an additional 112 shares during the last quarter. Interchange Capital Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 2.5% during the second quarter. Interchange Capital Partners LLC now owns 14,299 shares of the financial services provider’s stock worth $4,145,000 after purchasing an additional 350 shares during the period. Finally, Brighton Jones LLC increased its holdings in JPMorgan Chase & Co. by 1.3% in the second quarter. Brighton Jones LLC now owns 51,570 shares of the financial services provider’s stock valued at $14,951,000 after purchasing an additional 650 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JPM has been the topic of a number of recent analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $366.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, October 14th. DZ Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 15th. Weiss Ratings upgraded shares of JPMorgan Chase & Co. from a “buy (b+)” rating to a “buy (a-)” rating in a report on Saturday, October 25th. Evercore ISI increased their target price on shares of JPMorgan Chase & Co. from $309.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Finally, UBS Group lifted their price target on shares of JPMorgan Chase & Co. from $339.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $326.38.

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 that occurred 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 owned 82,207 shares in the company, valued at $24,492,753.58. This represents a 10.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.47% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Up 0.8%

Shares of JPM stock opened at $311.85 on Thursday. The firm’s fifty day moving average price is $305.66 and its two-hundred day moving average price is $286.14. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $318.01. The firm has a market capitalization of $857.51 billion, a P/E ratio of 15.45, a PEG ratio of 1.84 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.83 by $0.24. The company had revenue of $46.43 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $4.37 EPS. On average, equities analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 6th were paid 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 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio is 29.72%.

JPMorgan Chase & Co. 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.