BKD Wealth Advisors LLC grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 5.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,122 shares of the financial services provider’s stock after acquiring an additional 2,404 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 0.4% of BKD Wealth Advisors LLC’s investment portfolio, making the stock its 29th biggest position. BKD Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $4,597,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Keeler Thomas Management LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $112,000. Financial Gravity Wealth Inc. acquired a new position in JPMorgan Chase & Co. during the first quarter worth about $150,000. Stelac Advisory Services LLC acquired a new position in JPMorgan Chase & Co. during the first quarter worth about $162,000. FSI Group LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth about $159,000. Finally, Private Ocean LLC raised its stake in JPMorgan Chase & Co. by 94.7% during the first quarter. Private Ocean LLC now owns 1,694 shares of the financial services provider’s stock worth $186,000 after acquiring an additional 824 shares in the last quarter. 70.56% of the stock is owned by institutional investors.
JPM has been the subject of several research analyst reports. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Credit Suisse Group set a $130.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Thursday, July 12th. Goldman Sachs Group reissued a “neutral” rating and set a $124.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 16th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $120.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 16th. Finally, BMO Capital Markets upped their price objective on JPMorgan Chase & Co. from $110.00 to $118.00 and gave the company a “market perform” rating in a research note on Monday, July 16th. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $121.99.
NYSE:JPM traded down $1.18 on Friday, reaching $106.95. 32,048,399 shares of the stock traded hands, compared to its average volume of 14,428,502. The company has a market capitalization of $387.26 billion, a PE ratio of 15.57, a P/E/G ratio of 1.85 and a beta of 1.17. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01. JPMorgan Chase & Co. has a 1-year low of $94.96 and a 1-year high of $119.33.
JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 12th. The financial services provider reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.10. The business had revenue of $27.26 billion during the quarter, compared to the consensus estimate of $27.20 billion. JPMorgan Chase & Co. had a net margin of 22.80% and a return on equity of 13.18%. During the same quarter in the prior year, the firm posted $1.76 EPS. Research analysts predict that JPMorgan Chase & Co. will post 9.17 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Friday, October 5th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Thursday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. JPMorgan Chase & Co.’s dividend payout ratio is currently 46.58%.
In other JPMorgan Chase & Co. news, CEO Gordon Smith sold 30,725 shares of the stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $114.01, for a total transaction of $3,502,957.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.73% of the company’s stock.
About JPMorgan Chase & Co.
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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