JPMorgan Chase & Co. (JPM) Position Raised by Northpointe Capital LLC

Northpointe Capital LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,302 shares of the financial services provider’s stock after purchasing an additional 2,262 shares during the period. JPMorgan Chase & Co. accounts for about 1.6% of Northpointe Capital LLC’s holdings, making the stock its 5th biggest holding. Northpointe Capital LLC’s holdings in JPMorgan Chase & Co. were worth $12,014,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Elite Wealth Management Inc. increased its position in JPMorgan Chase & Co. by 4.1% during the first quarter. Elite Wealth Management Inc. now owns 17,891 shares of the financial services provider’s stock worth $1,967,000 after purchasing an additional 701 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of JPMorgan Chase & Co. by 2.7% during the first quarter. Nuveen Asset Management LLC now owns 1,124,172 shares of the financial services provider’s stock valued at $123,625,000 after acquiring an additional 29,540 shares during the last quarter. Syntal Capital Partners LLC increased its position in shares of JPMorgan Chase & Co. by 11.3% during the first quarter. Syntal Capital Partners LLC now owns 9,963 shares of the financial services provider’s stock valued at $1,095,000 after acquiring an additional 1,013 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of JPMorgan Chase & Co. by 7.1% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 808,379 shares of the financial services provider’s stock valued at $88,897,000 after acquiring an additional 53,442 shares during the last quarter. Finally, United Capital Financial Advisers LLC increased its position in shares of JPMorgan Chase & Co. by 0.7% during the first quarter. United Capital Financial Advisers LLC now owns 692,361 shares of the financial services provider’s stock valued at $76,139,000 after acquiring an additional 4,569 shares during the last quarter. Hedge funds and other institutional investors own 70.56% of the company’s stock.

NYSE JPM opened at $106.95 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. JPMorgan Chase & Co. has a one year low of $94.96 and a one year high of $119.33. The company has a market capitalization of $387.26 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.06. JPMorgan Chase & Co. had a net margin of 22.80% and a return on equity of 13.18%. During the same period last year, the business earned $1.76 earnings per share. Equities research analysts anticipate that JPMorgan Chase & Co. will post 9.17 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Friday, October 5th will be paid a $0.80 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. The ex-dividend date is Thursday, October 4th. This represents a $3.20 annualized dividend and a dividend yield of 2.99%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 46.58%.

In other news, CEO Gordon Smith sold 30,725 shares of the firm’s stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $114.01, for a total value of $3,502,957.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.73% of the company’s stock.

A number of equities research analysts have weighed in on JPM shares. Keefe, Bruyette & Woods reiterated a “$111.53” rating and set a $127.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 18th. Royal Bank of Canada reiterated a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 16th. Credit Suisse Group set a $130.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Thursday, July 12th. DZ Bank upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Finally, UBS Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $121.99.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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