Advisory Services Network LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 68,768 shares of the financial services provider’s stock after acquiring an additional 5,379 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.6% of Advisory Services Network LLC’s holdings, making the stock its 18th biggest holding. Advisory Services Network LLC’s holdings in JPMorgan Chase & Co. were worth $7,898,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Howland Capital Management LLC raised its position in shares of JPMorgan Chase & Co. by 22.8% during the first quarter. Howland Capital Management LLC now owns 31,969 shares of the financial services provider’s stock worth $3,516,000 after purchasing an additional 5,944 shares during the period. Thompson Davis & CO. Inc. grew its holdings in JPMorgan Chase & Co. by 1,745.4% during the first quarter. Thompson Davis & CO. Inc. now owns 4,429 shares of the financial services provider’s stock worth $487,000 after buying an additional 4,189 shares in the last quarter. D.B. Root & Company LLC grew its holdings in JPMorgan Chase & Co. by 49.8% during the first quarter. D.B. Root & Company LLC now owns 4,227 shares of the financial services provider’s stock worth $465,000 after buying an additional 1,406 shares in the last quarter. Morse Asset Management Inc grew its holdings in JPMorgan Chase & Co. by 34.6% during the first quarter. Morse Asset Management Inc now owns 7,330 shares of the financial services provider’s stock worth $806,000 after buying an additional 1,885 shares in the last quarter. Finally, Villere ST Denis J & Co. LLC grew its holdings in JPMorgan Chase & Co. by 3.1% during the first quarter. Villere ST Denis J & Co. LLC now owns 125,565 shares of the financial services provider’s stock worth $13,808,000 after buying an additional 3,750 shares in the last quarter. Hedge funds and other institutional investors own 70.56% of the company’s stock.

Several equities research analysts recently issued reports on the company. Wolfe Research assumed coverage on JPMorgan Chase & Co. in a report on Tuesday, September 25th. They set an “outperform” rating for the company. Citigroup upped their price target on JPMorgan Chase & Co. from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday, September 26th. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a report on Friday, September 14th. Bank of America upped their price target on JPMorgan Chase & Co. from $126.00 to $132.00 and gave the stock a “buy” rating in a report on Monday, September 17th. Finally, DZ Bank upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $123.44.

Shares of NYSE:JPM opened at $108.09 on Friday. The firm has a market capitalization of $387.26 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. JPMorgan Chase & Co. has a 1 year low of $95.95 and a 1 year high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.10. The firm had revenue of $27.26 billion during the quarter, compared to the consensus estimate of $27.20 billion. JPMorgan Chase & Co. had a return on equity of 13.18% and a net margin of 22.80%. During the same quarter in the prior year, the company earned $1.76 EPS. On average, equities analysts forecast 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 represents a $3.20 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. JPMorgan Chase & Co.’s dividend payout ratio is 46.58%.

In other JPMorgan Chase & Co. news, CEO Gordon Smith sold 30,725 shares of the company’s stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $114.01, for a total value of $3,502,957.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is owned by corporate 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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