JPMorgan Chase & Co. (JPM) Shares Bought by Weik Capital Management

Weik Capital Management raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 73.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,099 shares of the financial services provider’s stock after acquiring an additional 6,385 shares during the period. Weik Capital Management’s holdings in JPMorgan Chase & Co. were worth $1,573,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Sandy Spring Bank increased its position in shares of JPMorgan Chase & Co. by 9.8% during the first quarter. Sandy Spring Bank now owns 165,560 shares of the financial services provider’s stock worth $18,207,000 after purchasing an additional 14,748 shares in the last quarter. Financial Gravity Wealth Inc. acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth $150,000. KCS Wealth Advisory increased its position in shares of JPMorgan Chase & Co. by 18.9% during the first quarter. KCS Wealth Advisory now owns 8,651 shares of the financial services provider’s stock worth $911,000 after purchasing an additional 1,377 shares in the last quarter. Psagot Investment House Ltd. increased its position in shares of JPMorgan Chase & Co. by 148.8% during the first quarter. Psagot Investment House Ltd. now owns 203,802 shares of the financial services provider’s stock worth $22,412,000 after purchasing an additional 121,899 shares in the last quarter. Finally, Blue Fin Capital Inc. increased its position in shares of JPMorgan Chase & Co. by 3.5% during the first quarter. Blue Fin Capital Inc. now owns 20,914 shares of the financial services provider’s stock worth $2,299,000 after purchasing an additional 715 shares in the last quarter. Institutional investors own 70.43% of the company’s stock.

A number of brokerages have recently weighed in on JPM. Goldman Sachs Group set a $130.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a report on Friday, October 12th. Bank of America set a $132.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Sunday, October 14th. Vining Sparks reissued a “buy” rating and set a $125.00 price objective on shares of JPMorgan Chase & Co. in a report on Friday, October 12th. Societe Generale reissued a “neutral” rating and set a $119.50 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 16th. Finally, Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, September 26th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $123.44.

In other news, Director Mellody L. Hobson acquired 1,150 shares of the firm’s stock in a transaction on Friday, October 19th. The stock was acquired at an average price of $108.94 per share, for a total transaction of $125,281.00. Following the completion of the transaction, the director now owns 2,632 shares in the company, valued at approximately $286,730.08. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.73% of the company’s stock.

NYSE:JPM opened at $111.29 on Friday. JPMorgan Chase & Co. has a one year low of $95.95 and a one year high of $119.33. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $382.59 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 1.81 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, beating the consensus estimate of $2.24 by $0.10. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. The company had revenue of $27.26 billion for the quarter, compared to analyst estimates of $27.20 billion. During the same period in the prior year, the company earned $1.76 earnings per share. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 9.26 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Friday, October 5th were given a $0.80 dividend. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.88%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. JPMorgan Chase & Co.’s dividend payout ratio is 46.58%.

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JPMorgan Chase & Co. 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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