4,100 Shares in JPMorgan Chase & Co. (NYSE:JPM) Bought by Noked Capital LTD

Noked Capital LTD purchased a new position in JPMorgan Chase & Co. (NYSE:JPM) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 4,100 shares of the financial services provider’s stock, valued at approximately $458,000. JPMorgan Chase & Co. makes up about 0.6% of Noked Capital LTD’s portfolio, making the stock its 17th largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of JPM. Nuveen Asset Management LLC lifted its position in JPMorgan Chase & Co. by 2,432.9% in the second quarter. Nuveen Asset Management LLC now owns 23,689,599 shares of the financial services provider’s stock worth $2,648,497,000 after buying an additional 22,754,332 shares during the last quarter. Invesco Ltd. lifted its position in JPMorgan Chase & Co. by 39.8% in the second quarter. Invesco Ltd. now owns 23,689,706 shares of the financial services provider’s stock worth $2,648,509,000 after buying an additional 6,745,215 shares during the last quarter. Thoroughbred Financial Services LLC lifted its position in JPMorgan Chase & Co. by 11,601.0% in the second quarter. Thoroughbred Financial Services LLC now owns 4,973,970 shares of the financial services provider’s stock worth $497,397,000 after buying an additional 4,931,461 shares during the last quarter. Renaissance Technologies LLC bought a new stake in JPMorgan Chase & Co. in the second quarter worth $331,575,000. Finally, Bessemer Group Inc. lifted its position in JPMorgan Chase & Co. by 179.6% in the second quarter. Bessemer Group Inc. now owns 3,508,417 shares of the financial services provider’s stock worth $392,240,000 after buying an additional 2,253,764 shares during the last quarter. Institutional investors own 71.89% of the company’s stock.

A number of research firms have weighed in on JPM. Royal Bank of Canada reiterated a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 16th. ValuEngine upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Wells Fargo & Co set a $125.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday, August 16th. Deutsche Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Friday, June 28th. Finally, Morgan Stanley set a $122.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday, August 9th. Thirteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $121.94.



Shares of JPMorgan Chase & Co. stock traded up $0.74 during trading on Wednesday, hitting $118.07. 398,979 shares of the stock traded hands, compared to its average volume of 11,151,822. The firm has a market cap of $380.18 billion, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 1.72 and a beta of 1.19. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22. JPMorgan Chase & Co. has a 52-week low of $91.11 and a 52-week high of $120.40. The stock’s fifty day simple moving average is $111.68 and its 200 day simple moving average is $110.50.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.50 by $0.32. The firm had revenue of $28.83 billion for the quarter, compared to analyst estimates of $28.52 billion. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.29 earnings per share. As a group, equities analysts expect that JPMorgan Chase & Co. will post 9.88 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.05%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 35.56%.

In other news, insider Lori A. Beer sold 13,341 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the transaction, the insider now owns 10,130 shares in the company, valued at $1,157,656.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Peter Scher sold 10,816 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total value of $1,243,840.00. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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