Choreo LLC Increases Stake in JPMorgan Chase & Co. $JPM

Choreo LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,323 shares of the financial services provider’s stock after buying an additional 3,764 shares during the period. JPMorgan Chase & Co. accounts for about 0.7% of Choreo LLC’s investment portfolio, making the stock its 28th largest position. Choreo LLC’s holdings in JPMorgan Chase & Co. were worth $50,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC grew its position in shares of JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after purchasing an additional 4,841 shares in the last quarter. Acorns Advisers LLC boosted its stake in JPMorgan Chase & Co. by 6.9% during the first quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock valued at $379,000 after buying an additional 100 shares during the last quarter. Waddell & Associates LLC grew its holdings in JPMorgan Chase & Co. by 5.5% during the 1st quarter. Waddell & Associates LLC now owns 11,877 shares of the financial services provider’s stock valued at $2,913,000 after buying an additional 617 shares in the last quarter. Meeder Advisory Services Inc. increased its stake in JPMorgan Chase & Co. by 4.3% in the 1st quarter. Meeder Advisory Services Inc. now owns 69,921 shares of the financial services provider’s stock worth $17,152,000 after acquiring an additional 2,855 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in shares of JPMorgan Chase & Co. by 105.9% during the 1st quarter. Meeder Asset Management Inc. now owns 1,472 shares of the financial services provider’s stock worth $361,000 after acquiring an additional 757 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.3%

Shares of NYSE JPM opened at $307.84 on Wednesday. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $322.25. The firm has a 50-day simple moving average of $306.73 and a two-hundred day simple moving average of $294.02. The company has a market cap of $838.02 billion, a P/E ratio of 15.25, a PEG ratio of 1.84 and a beta of 1.14. 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 issued its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, topping 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 firm had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $44.42 billion. During the same period in the prior year, the business posted $4.37 earnings per share. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. Research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on JPM shares. TD Cowen boosted their price target on shares of JPMorgan Chase & Co. from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Daiwa Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. from $330.00 to $332.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Morgan Stanley boosted their target price on shares of JPMorgan Chase & Co. from $336.00 to $338.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 15th. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $275.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, September 24th. Finally, Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $345.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Fifteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $326.38.

Insider Activity

In related news, insider Robin Leopold sold 966 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $311.92, for a total transaction of $301,314.72. Following the completion of the sale, the insider owned 58,479 shares in the company, valued at $18,240,769.68. This trade represents a 1.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate 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.