Wealthspire Advisors LLC Has $14.94 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Wealthspire Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 43.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,861 shares of the financial services provider’s stock after acquiring an additional 22,350 shares during the quarter. Wealthspire Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $14,939,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vima LLC bought a new stake in JPMorgan Chase & Co. during the second quarter worth about $263,000. Thoroughbred Financial Services LLC grew its position in JPMorgan Chase & Co. by 46.2% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 99,539 shares of the financial services provider’s stock worth $20,132,000 after acquiring an additional 31,470 shares during the last quarter. Parallel Advisors LLC increased its holdings in JPMorgan Chase & Co. by 1.3% during the 2nd quarter. Parallel Advisors LLC now owns 127,356 shares of the financial services provider’s stock valued at $25,759,000 after purchasing an additional 1,585 shares in the last quarter. Stoneridge Investment Partners LLC increased its holdings in JPMorgan Chase & Co. by 81.2% during the 2nd quarter. Stoneridge Investment Partners LLC now owns 21,146 shares of the financial services provider’s stock valued at $4,277,000 after purchasing an additional 9,479 shares in the last quarter. Finally, Dai ichi Life Insurance Company Ltd raised its position in JPMorgan Chase & Co. by 2.6% in the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 193,115 shares of the financial services provider’s stock valued at $39,059,000 after purchasing an additional 4,975 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on JPM shares. Barclays increased their target price on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Jefferies Financial Group increased their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Finally, Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $211.06.

JPMorgan Chase & Co. Stock Down 0.8 %

Shares of JPMorgan Chase & Co. stock opened at $207.60 on Thursday. The business has a fifty day simple moving average of $211.43 and a 200 day simple moving average of $201.40. 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 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. has a 12 month low of $135.19 and a 12 month high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share 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 business had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. During the same quarter last year, the firm earned $4.37 EPS. Research analysts predict that JPMorgan Chase & Co. will post 16.78 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be issued a $1.25 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.41%. JPMorgan Chase & Co.’s payout ratio is 25.66%.

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.