SRN Advisors LLC Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

SRN Advisors LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 41.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,916 shares of the financial services provider’s stock after selling 3,470 shares during the quarter. SRN Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $994,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Capital International Ltd. CA grew its position in JPMorgan Chase & Co. by 1.8% during the fourth quarter. Capital International Ltd. CA now owns 164,182 shares of the financial services provider’s stock valued at $27,927,000 after buying an additional 2,907 shares during the period. Capital International Sarl grew its position in shares of JPMorgan Chase & Co. by 10.4% during the 4th quarter. Capital International Sarl now owns 236,374 shares of the financial services provider’s stock valued at $40,207,000 after acquiring an additional 22,287 shares during the period. Amussen Hunsaker Associates LLC increased its stake in shares of JPMorgan Chase & Co. by 9.0% in the 4th quarter. Amussen Hunsaker Associates LLC now owns 3,108 shares of the financial services provider’s stock worth $529,000 after purchasing an additional 257 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in JPMorgan Chase & Co. by 162.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 430,833 shares of the financial services provider’s stock worth $73,285,000 after purchasing an additional 266,492 shares during the period. Finally, Morningstar Investment Management LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at $3,053,000. 71.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on JPM. Keefe, Bruyette & Woods raised their price objective on 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. Jefferies Financial Group lifted their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Wells Fargo & Company increased their price objective on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. 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 research note on Monday, July 15th. Finally, Oppenheimer increased their price target on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $211.31.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $207.04 on Wednesday. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $225.48. The firm has a market capitalization of $594.55 billion, a P/E ratio of 11.55, a price-to-earnings-growth ratio of 2.39 and a beta of 1.12. The company has a fifty day simple moving average of $211.42 and a two-hundred day simple moving average of $202.85. 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 announced its quarterly 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. 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 quarter last year, the firm earned $4.37 EPS. Analysts anticipate that JPMorgan Chase & Co. will post 16.72 earnings per share 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. Stockholders of record on Friday, October 4th will be issued a $1.25 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.41%. JPMorgan Chase & Co.’s payout ratio is 27.89%.

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.