JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by SkyOak Wealth LLC

SkyOak Wealth LLC lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,050 shares of the financial services provider’s stock after selling 844 shares during the period. JPMorgan Chase & Co. comprises 1.3% of SkyOak Wealth LLC’s investment portfolio, making the stock its 20th biggest position. SkyOak Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $5,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in JPM. Beck Bode LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $12,648,000. Blair William & Co. IL raised its position in shares of JPMorgan Chase & Co. by 8.4% during the 2nd quarter. Blair William & Co. IL now owns 2,405,699 shares of the financial services provider’s stock worth $486,577,000 after acquiring an additional 187,177 shares in the last quarter. Zega Financial LLC lifted its stake in JPMorgan Chase & Co. by 22.7% during the second quarter. Zega Financial LLC now owns 4,904 shares of the financial services provider’s stock worth $992,000 after purchasing an additional 908 shares during the last quarter. O Brien Greene & Co. Inc boosted its holdings in JPMorgan Chase & Co. by 13.2% in the second quarter. O Brien Greene & Co. Inc now owns 8,014 shares of the financial services provider’s stock valued at $1,621,000 after purchasing an additional 936 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in JPMorgan Chase & Co. by 13.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 291,483 shares of the financial services provider’s stock valued at $58,107,000 after purchasing an additional 33,567 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the subject of several research analyst reports. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $235.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Finally, Evercore ISI lifted their target price on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $211.06.

JPMorgan Chase & Co. Stock Up 0.3 %

Shares of NYSE JPM opened at $211.09 on Monday. The stock has a market capitalization of $606.18 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 2.33 and a beta of 1.12. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $225.48. The firm has a 50-day moving average price of $211.61 and a 200 day moving average price of $201.81. 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 quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The company had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same period last year, the firm earned $4.37 EPS. Equities research analysts anticipate that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.37%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s payout ratio is presently 25.66%.

About JPMorgan Chase & Co.

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.