Two Sigma Advisers LP decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 47.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,119,600 shares of the financial services provider’s stock after selling 1,006,200 shares during the period. Two Sigma Advisers LP’s holdings in JPMorgan Chase & Co. were worth $105,310,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Demars Financial Group LLC acquired a new position in JPMorgan Chase & Co. during the 2nd quarter worth about $93,000. Schonfeld Strategic Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $9,899,000. Hayek Kallen Investment Management increased its holdings in JPMorgan Chase & Co. by 17.9% during the 2nd quarter. Hayek Kallen Investment Management now owns 22,774 shares of the financial services provider’s stock worth $2,142,000 after purchasing an additional 3,460 shares during the period. Capital Advisors Inc. OK increased its holdings in JPMorgan Chase & Co. by 25.1% during the 2nd quarter. Capital Advisors Inc. OK now owns 253,940 shares of the financial services provider’s stock worth $24,693,000 after purchasing an additional 50,968 shares during the period. Finally, Garde Capital Inc. purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $200,000. 69.35% of the stock is currently owned by hedge funds and other institutional investors.
In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 24,554 shares of the stock in a transaction that occurred on Wednesday, July 15th. The stock was sold at an average price of $99.52, for a total transaction of $2,443,614.08. 0.78% of the stock is currently owned by company insiders.
NYSE:JPM traded up $0.42 during mid-day trading on Wednesday, reaching $99.70. 19,214,685 shares of the stock were exchanged, compared to its average volume of 20,919,412. The company has a 50 day simple moving average of $100.11 and a 200-day simple moving average of $97.15. The stock has a market capitalization of $303.85 billion, a P/E ratio of 13.45, a P/E/G ratio of 3.39 and a beta of 1.16. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.35. JPMorgan Chase & Co. has a 1 year low of $76.91 and a 1 year high of $141.10.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.04. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The firm had revenue of $32.98 billion for the quarter, compared to the consensus estimate of $30.23 billion. During the same quarter last year, the business posted $2.82 EPS. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, research analysts predict that JPMorgan Chase & Co. will post 5.96 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.61%. JPMorgan Chase & Co.’s payout ratio is 34.35%.
Several equities research analysts have weighed in on JPM shares. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $115.00 to $130.00 in a report on Friday, June 5th. Seaport Global Securities started coverage on JPMorgan Chase & Co. in a report on Wednesday, July 8th. They set a “buy” rating and a $119.00 price target on the stock. Atlantic Securities upgraded JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating and set a $120.00 price target on the stock in a report on Wednesday, July 22nd. BMO Capital Markets increased their price objective on JPMorgan Chase & Co. from $108.00 to $119.00 in a report on Wednesday, July 15th. Finally, Morgan Stanley reiterated a “buy” rating and issued a $106.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company. JPMorgan Chase & Co. presently has an average rating of “Buy” and a consensus target price of $111.37.
About JPMorgan Chase & Co.
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
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