Dumont & Blake Investment Advisors LLC Has $2.76 Million Position in JPMorgan Chase & Co. (JPM)

Dumont & Blake Investment Advisors LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 24,416 shares of the financial services provider’s stock after purchasing an additional 530 shares during the period. JPMorgan Chase & Co. makes up about 1.1% of Dumont & Blake Investment Advisors LLC’s portfolio, making the stock its 20th biggest holding. Dumont & Blake Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,755,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital Planning Advisors LLC lifted its stake in JPMorgan Chase & Co. by 18.6% in the 2nd quarter. Capital Planning Advisors LLC now owns 14,951 shares of the financial services provider’s stock valued at $1,558,000 after purchasing an additional 2,349 shares during the last quarter. First Hawaiian Bank lifted its stake in JPMorgan Chase & Co. by 384.3% in the 3rd quarter. First Hawaiian Bank now owns 95,808 shares of the financial services provider’s stock valued at $10,811,000 after purchasing an additional 76,026 shares during the last quarter. Eagle Global Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 0.6% during the second quarter. Eagle Global Advisors LLC now owns 175,550 shares of the financial services provider’s stock valued at $18,292,000 after acquiring an additional 1,114 shares during the last quarter. Retirement Income Solutions Inc raised its stake in shares of JPMorgan Chase & Co. by 18.0% during the second quarter. Retirement Income Solutions Inc now owns 4,650 shares of the financial services provider’s stock valued at $485,000 after acquiring an additional 708 shares during the last quarter. Finally, Bartlett & Co. LLC raised its stake in shares of JPMorgan Chase & Co. by 1.5% during the second quarter. Bartlett & Co. LLC now owns 97,475 shares of the financial services provider’s stock valued at $10,157,000 after acquiring an additional 1,395 shares during the last quarter. Institutional investors and hedge funds own 70.12% of the company’s stock.

In other news, Director Mellody L. Hobson acquired 1,150 shares of the firm’s stock in a transaction dated Friday, October 19th. The stock was bought at an average cost of $108.94 per share, for a total transaction of $125,281.00. Following the completion of the transaction, the director now directly owns 2,632 shares in the company, valued at approximately $286,730.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.73% of the company’s stock.



JPM opened at $99.91 on Friday. JPMorgan Chase & Co. has a twelve month low of $91.11 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 1.17. The firm has a market cap of $344.57 billion, a PE ratio of 14.54, a PEG ratio of 1.52 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.24 by $0.10. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. The company had revenue of $27.26 billion during the quarter, compared to analysts’ expectations of $27.20 billion. During the same period in the prior year, the company posted $1.76 earnings per share. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 9.22 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Friday, January 4th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Thursday, January 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 46.58%.

JPM has been the subject of several analyst reports. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a research note on Friday, September 14th. Bank of America raised their price target on shares of JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a research note on Monday, September 17th. Wolfe Research initiated coverage on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 25th. They set an “outperform” rating for the company. Citigroup raised their price target on shares of JPMorgan Chase & Co. from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, September 26th. Finally, Goldman Sachs Group set a $130.00 price target on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Friday, October 12th. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $121.85.

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About JPMorgan Chase & Co.

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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