JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Garden State Investment Advisory Services LLC

Garden State Investment Advisory Services LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,093 shares of the financial services provider’s stock after purchasing an additional 191 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in JPMorgan Chase & Co. were worth $830,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. increased its position in shares of JPMorgan Chase & Co. by 3.2% during the second quarter. Pacer Advisors Inc. now owns 238,357 shares of the financial services provider’s stock worth $48,210,000 after purchasing an additional 7,324 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in JPMorgan Chase & Co. by 44.2% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,224,911 shares of the financial services provider’s stock worth $247,726,000 after buying an additional 375,378 shares during the last quarter. Ranch Capital Advisors Inc. increased its position in JPMorgan Chase & Co. by 5.3% during the second quarter. Ranch Capital Advisors Inc. now owns 14,044 shares of the financial services provider’s stock worth $2,840,000 after buying an additional 704 shares during the period. AE Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 20.5% in the second quarter. AE Wealth Management LLC now owns 439,399 shares of the financial services provider’s stock valued at $88,873,000 after buying an additional 74,706 shares during the last quarter. Finally, Bridges Investment Management Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 131.9% in the second quarter. Bridges Investment Management Inc. now owns 558,620 shares of the financial services provider’s stock valued at $112,986,000 after acquiring an additional 317,783 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.2 %

JPMorgan Chase & Co. stock opened at $211.44 on Tuesday. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $225.48. The firm has a market capitalization of $607.19 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 2.33 and a beta of 1.12. The stock’s fifty day moving average is $211.64 and its two-hundred day moving average is $201.98. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating the consensus estimate of $4.19 by $1.93. The firm 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 posted $4.37 EPS. Analysts predict that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Friday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio is 25.66%.

Analyst Upgrades and Downgrades

JPM has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Oppenheimer upped their price objective on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Jefferies Financial Group boosted their target price on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. BMO Capital Markets increased their price target on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Finally, Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target 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.