S&CO Inc. grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,257 shares of the financial services provider’s stock after acquiring an additional 1,234 shares during the period. S&CO Inc.’s holdings in JPMorgan Chase & Co. were worth $2,840,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. MRJ Capital Inc. lifted its stake in shares of JPMorgan Chase & Co. by 1.2% during the 1st quarter. MRJ Capital Inc. now owns 66,179 shares of the financial services provider’s stock worth $7,277,000 after buying an additional 800 shares during the last quarter. OLD Dominion Capital Management Inc. lifted its stake in shares of JPMorgan Chase & Co. by 14.2% during the 1st quarter. OLD Dominion Capital Management Inc. now owns 6,070 shares of the financial services provider’s stock worth $668,000 after buying an additional 756 shares during the last quarter. Albert D Mason Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth about $424,000. Capital Advantage Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth about $209,000. Finally, Howland Capital Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 22.8% during the 1st quarter. Howland Capital Management LLC now owns 31,969 shares of the financial services provider’s stock worth $3,516,000 after buying an additional 5,944 shares during the last quarter. 70.56% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on the stock. DZ Bank upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Citigroup raised their target price on shares of JPMorgan Chase & Co. from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 26th. Keefe, Bruyette & Woods restated a “$111.53” rating and set a $127.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 18th. UBS Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Finally, Credit Suisse Group set a $130.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Thursday, July 12th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $123.44.

Shares of JPMorgan Chase & Co. stock opened at $109.83 on Thursday. JPMorgan Chase & Co. has a twelve month low of $95.95 and a twelve month high of $119.33. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $387.26 billion, a price-to-earnings ratio of 15.99, 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 $2.24 by $0.10. JPMorgan Chase & Co. had a net margin of 22.80% and a return on equity of 13.18%. The business had revenue of $27.26 billion during the quarter, compared to analysts’ expectations of $27.20 billion. During the same quarter in the previous year, the company earned $1.76 EPS. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 9.17 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders 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 yield of 2.91%. JPMorgan Chase & Co.’s payout ratio is 46.58%.

In other JPMorgan Chase & Co. news, CEO Gordon Smith sold 30,725 shares of JPMorgan Chase & Co. stock in a transaction dated 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 Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is owned by insiders.

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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