8,500 Shares in JPMorgan Chase & Co. (NYSE:JPM) Bought by Ern LLC

Ern LLC purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,500 shares of the financial services provider’s stock, valued at approximately $957,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dravo Bay LLC bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth about $26,000. Advanced Research Investment Solutions LLC increased its position in shares of JPMorgan Chase & Co. by 118.2% in the 1st quarter. Advanced Research Investment Solutions LLC now owns 288 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 156 shares during the last quarter. Swaine & Leidel Wealth Services LLC bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth about $44,000. Landmark Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth about $46,000. Finally, Cordant Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth about $47,000. Hedge funds and other institutional investors own 68.57% of the company’s stock.

JPMorgan Chase & Co. Trading Down 1.1 %

Shares of NYSE:JPM opened at $111.21 on Friday. The company has a 50 day moving average of $116.09 and a 200-day moving average of $122.16. The firm has a market cap of $326.13 billion, a P/E ratio of 8.93, a P/E/G ratio of 2.04 and a beta of 1.10. JPMorgan Chase & Co. has a twelve month low of $106.06 and a twelve month high of $172.96. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.09). The company had revenue of $30.72 billion during the quarter, compared to analyst estimates of $31.82 billion. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The company’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $3.78 earnings per share. As a group, analysts anticipate that JPMorgan Chase & Co. will post 11.33 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, October 6th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.60%. JPMorgan Chase & Co.’s payout ratio is currently 32.10%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Oppenheimer decreased their price target on shares of JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating for the company in a report on Friday, July 15th. Credit Suisse Group set a $145.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, August 8th. Morgan Stanley decreased their price target on shares of JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating for the company in a report on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of JPMorgan Chase & Co. from $174.00 to $155.00 and set a “buy” rating for the company in a report on Monday, September 12th. Finally, UBS Group decreased their price target on shares of JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating for the company in a report on Friday, July 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $145.95.

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.

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

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