Linscomb & Williams Inc. lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 72,752 shares of the financial services provider’s stock after acquiring an additional 1,137 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 0.6% of Linscomb & Williams Inc.’s holdings, making the stock its 21st largest position. Linscomb & Williams Inc.’s holdings in JPMorgan Chase & Co. were worth $7,581,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Torch Wealth Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.7% in the second quarter. Torch Wealth Management LLC now owns 27,374 shares of the financial services provider’s stock worth $2,852,000 after acquiring an additional 451 shares during the last quarter. Wells Trecaso Financial Group LLC lifted its holdings in shares of JPMorgan Chase & Co. by 0.8% in the second quarter. Wells Trecaso Financial Group LLC now owns 59,884 shares of the financial services provider’s stock worth $6,240,000 after acquiring an additional 452 shares during the last quarter. SevenBridge Financial Group LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.4% in the first quarter. SevenBridge Financial Group LLC now owns 32,749 shares of the financial services provider’s stock worth $3,517,000 after acquiring an additional 459 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA lifted its holdings in shares of JPMorgan Chase & Co. by 5.3% in the second quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 9,078 shares of the financial services provider’s stock worth $946,000 after acquiring an additional 460 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 3.4% in the first quarter. Sunbelt Securities Inc. now owns 13,919 shares of the financial services provider’s stock worth $1,531,000 after acquiring an additional 462 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

JPM has been the subject of a number of research reports. Bank of America increased their target price on shares of JPMorgan Chase & Co. from $126.00 to $132.00 and gave the stock a “buy” rating in a report 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 for the company in a report on Friday, September 14th. Vining Sparks reissued a “buy” rating and issued a $125.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, October 12th. Wells Fargo & Co set a $130.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Thursday, November 15th. Finally, BMO Capital Markets increased their target price on shares of JPMorgan Chase & Co. to $124.00 and gave the stock a “market perform” rating in a report on Monday, October 15th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $123.59.

Shares of NYSE JPM opened at $108.45 on Wednesday. The company has a market capitalization of $380.36 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 1.79 and a beta of 1.13. JPMorgan Chase & Co. has a 1 year low of $97.93 and a 1 year high of $119.33. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.01 and a quick ratio of 1.01.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.10. The business had revenue of $27.26 billion during the quarter, compared to analyst estimates of $27.20 billion. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. During the same quarter last year, the business earned $1.76 EPS. Analysts forecast that JPMorgan Chase & Co. will post 9.26 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, October 5th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Thursday, October 4th. 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 46.58%.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 1,150 shares of the company’s stock in a transaction that occurred on Friday, October 19th. The stock was acquired at an average price of $108.94 per share, for a total transaction of $125,281.00. Following the acquisition, the director now directly owns 2,632 shares in the company, valued at $286,730.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.73% of the stock is owned by company insiders.

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JPMorgan Chase & Co. 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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