Integrated Wealth Counsel LLC held its position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the second quarter, Holdings Channel reports. The institutional investor owned 4,000 shares of the financial services provider’s stock at the end of the second quarter. JPMorgan Chase & Co. accounts for about 0.6% of Integrated Wealth Counsel LLC’s holdings, making the stock its 23rd largest position. Integrated Wealth Counsel LLC’s holdings in JPMorgan Chase & Co. were worth $249,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Inverness Counsel LLC NY raised its position in shares of JPMorgan Chase & Co. by 5.5% in the second quarter. Inverness Counsel LLC NY now owns 24,724 shares of the financial services provider’s stock worth $1,536,000 after buying an additional 1,279 shares during the last quarter. Pinnacle Advisory Group Inc. raised its position in shares of JPMorgan Chase & Co. by 3.2% in the second quarter. Pinnacle Advisory Group Inc. now owns 5,150 shares of the financial services provider’s stock worth $320,000 after buying an additional 160 shares during the last quarter. 10 15 Associates Inc. raised its position in shares of JPMorgan Chase & Co. by 6.0% in the second quarter. 10 15 Associates Inc. now owns 192,363 shares of the financial services provider’s stock worth $11,953,000 after buying an additional 10,921 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of JPMorgan Chase & Co. by 3.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 147,690 shares of the financial services provider’s stock worth $9,177,000 after buying an additional 5,279 shares during the last quarter. Finally, Brown Capital Management LLC raised its position in shares of JPMorgan Chase & Co. by 2.2% in the second quarter. Brown Capital Management LLC now owns 21,687 shares of the financial services provider’s stock worth $1,348,000 after buying an additional 461 shares during the last quarter. Institutional investors own 73.34% of the company’s stock.

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up 0.82% during trading on Thursday, hitting $67.39. 12,766,333 shares of the stock were exchanged. The company has a market cap of $243.38 billion, a price-to-earnings ratio of 11.42 and a beta of 1.65. JPMorgan Chase & Co. has a one year low of $52.50 and a one year high of $69.03. The stock’s 50 day moving average price is $66.27 and its 200-day moving average price is $63.13.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Thursday, July 14th. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.12. JPMorgan Chase & Co. had a net margin of 24.47% and a return on equity of 10.20%. The business had revenue of $24.40 billion for the quarter, compared to analyst estimates of $23.84 billion. During the same quarter last year, the business earned $1.54 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts predict that JPMorgan Chase & Co. will post $5.65 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, October 6th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.92 dividend on an annualized basis and a yield of 2.85%. JPMorgan Chase & Co.’s payout ratio is presently 32.54%.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 13th. Macquarie lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $72.00 to $70.00 in a research note on Friday, September 9th. Nomura decreased their target price on shares of JPMorgan Chase & Co. from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, September 7th. Finally, Vetr upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $68.05 target price for the company in a research note on Tuesday, August 16th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-one have issued a buy rating to the company’s stock. JPMorgan Chase & Co. has an average rating of “Buy” and a consensus price target of $71.34.

In related news, insider Ashley Bacon sold 15,521 shares of the business’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $63.97, for a total transaction of $992,878.37. Following the transaction, the insider now directly owns 14,938 shares in the company, valued at $955,583.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gordon Smith sold 23,735 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $64.05, for a total transaction of $1,520,226.75. Following the transaction, the executive vice president now owns 152,462 shares in the company, valued at $9,765,191.10. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

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