APG Asset Management N.V. Buys 65,773 Shares of JPMorgan Chase & Co. (NYSE:JPM)

APG Asset Management N.V. boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,097,648 shares of the financial services provider’s stock after acquiring an additional 65,773 shares during the period. JPMorgan Chase & Co. accounts for 1.4% of APG Asset Management N.V.’s investment portfolio, making the stock its 11th biggest holding. APG Asset Management N.V. owned approximately 0.14% of JPMorgan Chase & Co. worth $773,306,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Gilbert & Cook Inc. grew its stake in JPMorgan Chase & Co. by 1.5% in the fourth quarter. Gilbert & Cook Inc. now owns 11,360 shares of the financial services provider’s stock valued at $1,932,000 after acquiring an additional 164 shares during the period. Aveo Capital Partners LLC lifted its position in shares of JPMorgan Chase & Co. by 13.0% during the 4th quarter. Aveo Capital Partners LLC now owns 5,151 shares of the financial services provider’s stock valued at $876,000 after acquiring an additional 591 shares during the period. Gryphon Financial Partners LLC grew its stake in JPMorgan Chase & Co. by 66.9% during the fourth quarter. Gryphon Financial Partners LLC now owns 25,004 shares of the financial services provider’s stock worth $4,238,000 after buying an additional 10,025 shares in the last quarter. Evoke Wealth LLC increased its stake in JPMorgan Chase & Co. by 4.6% in the fourth quarter. Evoke Wealth LLC now owns 26,428 shares of the financial services provider’s stock valued at $4,496,000 after acquiring an additional 1,159 shares during the last quarter. Finally, Bank of Nova Scotia Trust Co. increased its stake in shares of JPMorgan Chase & Co. by 1.9% in the 4th quarter. Bank of Nova Scotia Trust Co. now owns 74,410 shares of the financial services provider’s stock valued at $12,657,000 after purchasing an additional 1,423 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JPM has been the subject of several research reports. Citigroup increased their target price on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Tuesday, July 9th. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Finally, Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $211.06.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $209.78 on Friday. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $225.48. The business’s fifty day simple moving average is $211.47 and its two-hundred day simple moving average is $202.20. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The company has a market cap of $596.86 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 2.39 and a beta of 1.12.

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 for the quarter, topping 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 business had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. During the same period in the prior year, the business posted $4.37 earnings per share. Research analysts anticipate that JPMorgan Chase & Co. will post 16.72 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be paid a $1.25 dividend. This is an increase 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 2.38%. JPMorgan Chase & Co.’s payout ratio is presently 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.