BTIM Corp. raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,135,198 shares of the financial services provider’s stock after acquiring an additional 3,476 shares during the period. JPMorgan Chase & Co. comprises approximately 1.7% of BTIM Corp.’s investment portfolio, making the stock its 4th largest holding. BTIM Corp.’s holdings in JPMorgan Chase & Co. were worth $118,287,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Archford Capital Strategies LLC raised its stake in JPMorgan Chase & Co. by 3.7% in the fourth quarter. Archford Capital Strategies LLC now owns 17,802 shares of the financial services provider’s stock valued at $1,903,000 after buying an additional 634 shares in the last quarter. Banco de Sabadell S.A acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $27,519,000. Westover Capital Advisors LLC raised its stake in JPMorgan Chase & Co. by 5.7% in the fourth quarter. Westover Capital Advisors LLC now owns 25,900 shares of the financial services provider’s stock valued at $2,770,000 after buying an additional 1,405 shares in the last quarter. Slow Capital Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $770,000. Finally, First Commonwealth Financial Corp PA increased its position in shares of JPMorgan Chase & Co. by 7.0% during the fourth quarter. First Commonwealth Financial Corp PA now owns 23,189 shares of the financial services provider’s stock worth $2,480,000 after purchasing an additional 1,511 shares in the last quarter. Institutional investors and hedge funds own 70.56% of the company’s stock.

NYSE JPM opened at $106.95 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01. JPMorgan Chase & Co. has a 52-week low of $94.96 and a 52-week high of $119.33. The stock has a market cap of $387.26 billion, a P/E ratio of 15.57, a P/E/G ratio of 1.85 and a beta of 1.17.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.06. JPMorgan Chase & Co. had a return on equity of 13.18% and a net margin of 22.80%. During the same quarter last year, the company earned $1.76 EPS. Analysts predict that JPMorgan Chase & Co. will post 9.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, October 5th will be issued a dividend of $0.80 per share. The ex-dividend date is Thursday, October 4th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.99%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 46.58%.

In related news, CEO Gordon Smith sold 30,725 shares of the firm’s stock in a transaction dated Monday, July 23rd. The stock was sold at an average price of $114.01, for a total transaction of $3,502,957.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.73% of the company’s stock.

A number of analysts have recently commented on JPM shares. Royal Bank of Canada reiterated a “buy” rating and set a $120.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 16th. BMO Capital Markets lifted their target price on JPMorgan Chase & Co. from $110.00 to $118.00 and gave the stock a “market perform” rating in a research report on Monday, July 16th. Vining Sparks reiterated a “buy” rating and set a $125.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday. Goldman Sachs Group set a $130.00 target price on JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research report on Friday. Finally, Bank of America lifted their target price on JPMorgan Chase & Co. from $126.00 to $132.00 and gave the stock a “buy” rating in a research report on Monday, September 17th. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $121.99.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

Further Reading: Stock Symbols Definition, Examples, Lookup

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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