JPMorgan Chase & Co. $JPM Shares Acquired by Advisory Services Network LLC

Advisory Services Network LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.7% during the second quarter, Holdings Channel reports. The fund owned 176,168 shares of the financial services provider’s stock after acquiring an additional 15,625 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.8% of Advisory Services Network LLC’s investment portfolio, making the stock its 11th biggest position. Advisory Services Network LLC’s holdings in JPMorgan Chase & Co. were worth $52,188,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in 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 worth $11,682,000 after purchasing an additional 4,841 shares during the last quarter. Acorns Advisers LLC grew its stake in shares of JPMorgan Chase & Co. by 6.9% during the 1st 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 period. Waddell & Associates LLC increased its holdings in shares of 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 worth $2,913,000 after buying an additional 617 shares during the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co raised its position in shares of JPMorgan Chase & Co. by 66.9% in the 1st quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 17,714 shares of the financial services provider’s stock worth $4,345,000 after buying an additional 7,100 shares during the period. Finally, Klingman & Associates LLC boosted its holdings in JPMorgan Chase & Co. by 6.9% in the first quarter. Klingman & Associates LLC now owns 19,347 shares of the financial services provider’s stock valued at $4,746,000 after acquiring an additional 1,248 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JPM has been the subject of several research analyst reports. Citigroup upped their price target on JPMorgan Chase & Co. from $275.00 to $325.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a “hold” rating in a research report on Tuesday, September 30th. DZ Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, October 15th. Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, December 9th. Finally, Royal Bank Of Canada lowered their target price on JPMorgan Chase & Co. from $343.00 to $330.00 and set an “outperform” rating for the company in a research note on Friday. Fifteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $326.81.

JPMorgan Chase & Co. Trading Up 0.4%

Shares of JPM opened at $318.74 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 0.86. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $322.25. The firm has a 50 day moving average price of $306.77 and a 200-day moving average price of $296.86. The firm has a market cap of $867.69 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 1.65 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM) last posted 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 net margin of 20.90% and a return on equity of 17.18%. The business had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $44.42 billion. During the same period in the previous year, the firm posted $4.37 earnings per share. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Tuesday, January 6th will be issued a dividend of $1.50 per share. The ex-dividend date is Tuesday, January 6th. This represents a $6.00 annualized dividend and a yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.72%.

Insiders Place Their Bets

In other news, insider Robin Leopold sold 966 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was 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 of the company’s stock, valued at approximately $18,240,769.68. This represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.