JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Gillespie Robinson & Grimm Inc.

Gillespie Robinson & Grimm Inc. increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 257,503 shares of the financial services provider’s stock after purchasing an additional 11,882 shares during the period. JPMorgan Chase & Co. accounts for approximately 3.6% of Gillespie Robinson & Grimm Inc.’s investment portfolio, making the stock its 10th biggest position. Gillespie Robinson & Grimm Inc.’s holdings in JPMorgan Chase & Co. were worth $30,306,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. American National Bank raised its stake in JPMorgan Chase & Co. by 0.6% in the 3rd quarter. American National Bank now owns 50,598 shares of the financial services provider’s stock valued at $5,955,000 after purchasing an additional 286 shares during the last quarter. Capital Asset Advisory Services LLC raised its position in shares of JPMorgan Chase & Co. by 5.1% in the third quarter. Capital Asset Advisory Services LLC now owns 9,177 shares of the financial services provider’s stock valued at $1,080,000 after buying an additional 443 shares during the last quarter. RB Capital Management LLC raised its position in shares of JPMorgan Chase & Co. by 6.4% in the third quarter. RB Capital Management LLC now owns 14,765 shares of the financial services provider’s stock valued at $1,689,000 after buying an additional 889 shares during the last quarter. Crow Point Partners LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $1,990,000. Finally, Denali Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 1,205.3% in the third quarter. Denali Advisors LLC now owns 49,600 shares of the financial services provider’s stock valued at $5,837,000 after buying an additional 45,800 shares during the last quarter. Hedge funds and other institutional investors own 71.89% of the company’s stock.

In related news, insider Lori A. Beer sold 13,341 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 10,130 shares of the company’s stock, valued at approximately $1,157,656.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter Scher sold 10,816 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was 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. 0.76% of the stock is owned by company insiders.



A number of equities research analysts have recently commented on the stock. Morgan Stanley set a $122.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Friday, August 9th. UBS Group increased their price objective on shares of JPMorgan Chase & Co. from $125.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Royal Bank of Canada set a $120.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Monday. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Deutsche Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, June 28th. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $122.37.

JPMorgan Chase & Co. stock traded up $2.10 during midday trading on Thursday, hitting $114.73. 6,094,805 shares of the stock were exchanged, compared to its average volume of 11,629,760. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $120.40. The stock has a market capitalization of $365.70 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.65 and a beta of 1.20. The stock’s 50-day simple moving average is $113.82 and its 200 day simple moving average is $111.30. 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. (NYSE:JPM) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The firm had revenue of $28.83 billion during the quarter, compared to analysts’ expectations of $28.52 billion. During the same period last year, the business earned $2.29 earnings per share. JPMorgan Chase & Co.’s revenue was up 3.9% compared to the same quarter last year. Equities analysts anticipate that JPMorgan Chase & Co. will post 9.89 EPS for the current fiscal 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 issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.14%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 40.00%.

JPMorgan Chase & Co. Company 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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