JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Westover Capital Advisors LLC

Westover Capital Advisors LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 12.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,162 shares of the financial services provider’s stock after buying an additional 4,631 shares during the period. JPMorgan Chase & Co. makes up 2.2% of Westover Capital Advisors LLC’s portfolio, making the stock its 9th biggest position. Westover Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $8,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. CoreCap Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the second quarter worth about $5,341,000. SYM FINANCIAL Corp raised its position in shares of JPMorgan Chase & Co. by 1.2% in the 2nd quarter. SYM FINANCIAL Corp now owns 4,848 shares of the financial services provider’s stock valued at $981,000 after purchasing an additional 59 shares in the last quarter. Hardin Capital Partners LLC purchased a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at approximately $1,378,000. RS Crum Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter worth approximately $305,000. Finally, Pinkerton Retirement Specialists LLC increased its stake in shares of JPMorgan Chase & Co. by 5.5% in the second quarter. Pinkerton Retirement Specialists LLC now owns 22,504 shares of the financial services provider’s stock worth $4,552,000 after buying an additional 1,175 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.8 %

JPM stock opened at $207.60 on Thursday. The stock has a market cap of $596.16 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 2.33 and a beta of 1.12. The firm’s 50-day simple moving average is $211.43 and its 200 day simple moving average is $201.40. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $225.48. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The firm had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. During the same quarter in the prior year, the firm earned $4.37 EPS. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 16.78 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be given a $1.25 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.41%. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.66%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on JPM shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Morgan Stanley lowered their price objective on JPMorgan Chase & Co. from $226.00 to $220.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. BMO Capital Markets lifted their target price on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Finally, Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $211.06.

JPMorgan Chase & Co. Company Profile

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.