Pacer Advisors Inc. Acquires 7,324 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Pacer Advisors Inc. lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 238,357 shares of the financial services provider’s stock after buying an additional 7,324 shares during the period. Pacer Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $48,210,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in JPM. Skandinaviska Enskilda Banken AB publ grew its holdings 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 valued at $247,726,000 after purchasing an additional 375,378 shares during the last quarter. Ranch Capital Advisors Inc. grew its holdings in JPMorgan Chase & Co. by 5.3% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 14,044 shares of the financial services provider’s stock valued at $2,840,000 after purchasing an additional 704 shares during the last quarter. AE Wealth Management LLC grew its holdings in JPMorgan Chase & Co. by 20.5% during the 2nd quarter. AE Wealth Management LLC now owns 439,399 shares of the financial services provider’s stock valued at $88,873,000 after purchasing an additional 74,706 shares during the last quarter. Bridges Investment Management Inc. grew its holdings in JPMorgan Chase & Co. by 131.9% during the 2nd quarter. Bridges Investment Management Inc. now owns 558,620 shares of the financial services provider’s stock valued at $112,986,000 after purchasing an additional 317,783 shares during the last quarter. Finally, Callan Capital LLC grew its stake in JPMorgan Chase & Co. by 17.2% in the 2nd quarter. Callan Capital LLC now owns 9,280 shares of the financial services provider’s stock worth $1,877,000 after acquiring an additional 1,362 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Trading Up 0.2 %

NYSE:JPM opened at $211.44 on Tuesday. 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 of $211.64 and a 200 day moving average of $201.98. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $607.19 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 2.33 and a beta of 1.12.

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, beating analysts’ consensus estimates 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 company 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 company posted $4.37 earnings per share. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 16.78 earnings per share 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. Investors of record on Friday, October 4th will be given a dividend of $1.25 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.36%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.66%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on JPM shares. Keefe, Bruyette & Woods upped their target price on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 9th. Evercore ISI upped their target price on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Citigroup upped their target price on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Jefferies Financial Group upped their target price on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Finally, Wolfe Research downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average price target of $211.06.

JPMorgan Chase & Co. 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.