JPMorgan Chase & Co. (NYSE:JPM) Position Increased by Forefront Analytics LLC

Forefront Analytics LLC raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 100.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,516 shares of the financial services provider’s stock after buying an additional 3,271 shares during the quarter. Forefront Analytics LLC’s holdings in JPMorgan Chase & Co. were worth $1,318,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Full Sail Capital LLC lifted its stake in JPMorgan Chase & Co. by 8.1% during the second quarter. Full Sail Capital LLC now owns 5,252 shares of the financial services provider’s stock valued at $1,062,000 after buying an additional 394 shares in the last quarter. Ascent Group LLC lifted its stake in JPMorgan Chase & Co. by 6.1% during the second quarter. Ascent Group LLC now owns 51,512 shares of the financial services provider’s stock valued at $10,419,000 after buying an additional 2,948 shares in the last quarter. Driehaus Capital Management LLC lifted its stake in JPMorgan Chase & Co. by 13.1% during the second quarter. Driehaus Capital Management LLC now owns 7,378 shares of the financial services provider’s stock valued at $1,492,000 after buying an additional 854 shares in the last quarter. Brick & Kyle Associates lifted its stake in JPMorgan Chase & Co. by 3.4% during the second quarter. Brick & Kyle Associates now owns 36,775 shares of the financial services provider’s stock valued at $7,438,000 after buying an additional 1,221 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its stake in JPMorgan Chase & Co. by 19.1% during the second quarter. Kathmere Capital Management LLC now owns 5,900 shares of the financial services provider’s stock valued at $1,193,000 after buying an additional 947 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 0.3 %

Shares of JPM stock opened at $210.50 on Friday. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month 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. The business’s 50 day moving average is $211.47 and its two-hundred day moving average is $202.50. The company has a market cap of $598.91 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 2.39 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. During the same quarter last year, the company posted $4.37 earnings per share. Equities analysts predict that JPMorgan Chase & Co. will post 16.72 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared 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 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Friday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.66%.

Wall Street Analyst Weigh In

JPM has been the subject of a number of analyst reports. Oppenheimer upped their price objective on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Wells Fargo & Company increased their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Wolfe Research lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Finally, Morgan Stanley reduced their price target on shares of JPMorgan Chase & Co. from $226.00 to $220.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $211.06.

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.