IMS Capital Management increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 40.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 5,107 shares of the financial services provider’s stock after buying an additional 1,461 shares during the period. IMS Capital Management’s holdings in JPMorgan Chase & Co. were worth $532,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of JPMorgan Chase & Co. by 0.7% during the first quarter. BlackRock Inc. now owns 228,054,279 shares of the financial services provider’s stock worth $25,079,128,000 after buying an additional 1,627,006 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of JPMorgan Chase & Co. by 0.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 12,738,914 shares of the financial services provider’s stock worth $1,400,899,000 after buying an additional 49,436 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of JPMorgan Chase & Co. by 0.5% during the first quarter. California Public Employees Retirement System now owns 9,430,305 shares of the financial services provider’s stock worth $1,037,051,000 after buying an additional 44,527 shares during the last quarter. OppenheimerFunds Inc. grew its stake in shares of JPMorgan Chase & Co. by 104.9% during the first quarter. OppenheimerFunds Inc. now owns 9,051,033 shares of the financial services provider’s stock worth $995,342,000 after buying an additional 4,634,515 shares during the last quarter. Finally, Summit Trail Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 10,129.2% during the first quarter. Summit Trail Advisors LLC now owns 6,914,142 shares of the financial services provider’s stock worth $6,914,000 after buying an additional 6,846,550 shares during the last quarter. Institutional investors own 70.56% of the company’s stock.

Shares of JPMorgan Chase & Co. stock opened at $106.95 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. JPMorgan Chase & Co. has a twelve month low of $94.96 and a twelve month high of $119.33. The firm has a market capitalization of $387.26 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.06. JPMorgan Chase & Co. had a net margin of 22.80% and a return on equity of 13.18%. During the same period in the previous year, the business earned $1.76 EPS. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 9.17 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, October 5th will be paid a $0.80 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $3.20 annualized dividend and a dividend yield of 2.99%. JPMorgan Chase & Co.’s payout ratio is currently 46.58%.

JPM has been the topic of a number of research reports. Bank of America boosted their target price on shares of JPMorgan Chase & Co. from $126.00 to $132.00 and gave the stock a “buy” rating in a research note on Monday, September 17th. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research note on Friday, September 14th. UBS Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. BMO Capital Markets boosted their target price on shares of JPMorgan Chase & Co. from $110.00 to $118.00 and gave the stock a “market perform” rating in a research note on Monday, July 16th. Finally, DZ Bank raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $121.99.

In related news, CEO Gordon Smith sold 30,725 shares of the business’s stock in a transaction on Monday, July 23rd. The shares were sold at an average price of $114.01, for a total value of $3,502,957.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.73% of the company’s stock.

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.

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

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