JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Payden & Rygel

Payden & Rygel increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 30.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 228,860 shares of the financial services provider’s stock after buying an additional 54,054 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.5% of Payden & Rygel’s holdings, making the stock its 24th largest position. Payden & Rygel’s holdings in JPMorgan Chase & Co. were worth $25,772,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Dravo Bay LLC purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at $26,000. HBC Financial Services PLLC lifted its holdings in shares of JPMorgan Chase & Co. by 61.2% during the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 90 shares during the last quarter. Grayhawk Investment Strategies Inc. acquired a new position in JPMorgan Chase & Co. during the second quarter valued at $32,000. Financial Connections Group Inc. raised its position in JPMorgan Chase & Co. by 48.5% during the second quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock valued at $34,000 after buying an additional 100 shares during the period. Finally, Advanced Research Investment Solutions LLC raised its position in JPMorgan Chase & Co. by 118.2% during the first quarter. Advanced Research Investment Solutions LLC now owns 288 shares of the financial services provider’s stock valued at $39,000 after buying an additional 156 shares during the period. 68.57% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Up 1.1 %

Shares of NYSE JPM traded up $1.44 during mid-day trading on Thursday, reaching $136.48. 7,316,204 shares of the company traded hands, compared to its average volume of 11,552,875. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $400.32 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 2.30 and a beta of 1.14. The company’s fifty day moving average is $119.42 and its two-hundred day moving average is $118.46. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $169.81.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings data on Friday, October 14th. The financial services provider reported $3.12 EPS for the quarter, beating analysts’ consensus estimates of $2.95 by $0.17. The business had revenue of $32.72 billion for the quarter, compared to analyst estimates of $31.88 billion. JPMorgan Chase & Co. had a return on equity of 14.52% and a net margin of 26.85%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.74 EPS. On average, analysts expect that JPMorgan Chase & Co. will post 11.72 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Thursday, October 6th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend was Wednesday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio is 33.78%.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Mary E. Erdoes sold 33,515 shares of the stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $115.77, for a total transaction of $3,880,031.55. Following the completion of the sale, the chief executive officer now owns 533,795 shares in the company, valued at approximately $61,797,447.15. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Douglas B. Petno sold 5,139 shares of the stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $642,477.78. Following the completion of the sale, the chief executive officer now owns 248,011 shares in the company, valued at approximately $31,006,335.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mary E. Erdoes sold 33,515 shares of the stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $115.77, for a total value of $3,880,031.55. Following the sale, the chief executive officer now owns 533,795 shares of the company’s stock, valued at approximately $61,797,447.15. The disclosure for this sale can be found here. Insiders sold a total of 41,964 shares of company stock worth $4,936,426 in the last 90 days. 0.79% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on JPM. Morgan Stanley dropped their price target on JPMorgan Chase & Co. from $127.00 to $126.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 5th. BMO Capital Markets upped their price target on JPMorgan Chase & Co. from $149.00 to $158.00 and gave the company a “market perform” rating in a research report on Monday, October 17th. Royal Bank of Canada set a $130.00 price target on JPMorgan Chase & Co. in a research report on Monday, October 17th. The Goldman Sachs Group dropped their price target on JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, October 4th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on JPMorgan Chase & Co. from $174.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, September 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $144.90.

JPMorgan Chase & Co. Profile

(Get Rating)

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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

Featured Articles

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMGet Rating).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.