Leonard Rickey Investment Advisors P.L.L.C. Has $273,000 Stake in JPMorgan Chase & Co. (NYSE:JPM)

Leonard Rickey Investment Advisors P.L.L.C. grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 11.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,317 shares of the financial services provider’s stock after purchasing an additional 240 shares during the quarter. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in JPMorgan Chase & Co. were worth $273,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Nuveen Asset Management LLC grew its position in JPMorgan Chase & Co. by 2,432.9% during 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 in the last quarter. Invesco Ltd. grew its position in JPMorgan Chase & Co. by 39.8% during 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 in the last quarter. Thoroughbred Financial Services LLC grew its position in JPMorgan Chase & Co. by 11,601.0% during 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 in the last quarter. Renaissance Technologies LLC acquired a new stake in JPMorgan Chase & Co. during the second quarter worth approximately $331,575,000. Finally, Amundi Pioneer Asset Management Inc. grew its position in JPMorgan Chase & Co. by 43.3% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 7,563,083 shares of the financial services provider’s stock worth $845,552,000 after buying an additional 2,283,575 shares in the last quarter. 71.94% of the stock is currently owned by institutional investors.

In other JPMorgan Chase & Co. news, CEO Gordon Smith sold 83,289 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $119.98, for a total value of $9,993,014.22. Following the sale, the chief executive officer now owns 393,197 shares of the company’s stock, valued at approximately $47,175,776.06. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mellody L. Hobson bought 18,200 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $109.91 per share, for a total transaction of $2,000,362.00. Following the acquisition, the director now owns 7,804 shares in the company, valued at approximately $857,737.64. The disclosure for this purchase can be found here. Company insiders own 0.76% of the company’s stock.

A number of brokerages recently issued reports on JPM. BMO Capital Markets increased their price target on JPMorgan Chase & Co. to $126.00 in a research report on Wednesday. Royal Bank of Canada increased their price target on JPMorgan Chase & Co. to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wells Fargo & Co set a $125.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, August 16th. Credit Suisse Group set a $135.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, October 11th. Finally, Buckingham Research downgraded JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 price target on the stock. in a research report on Monday, September 16th. They noted that the move was a valuation call. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average price target of $121.94.

Shares of JPM stock opened at $120.56 on Friday. The stock’s fifty day moving average price is $115.81 and its two-hundred day moving average price is $112.10. The company has a market cap of $384.82 billion, a PE ratio of 12.16, a P/E/G ratio of 1.70 and a beta of 1.20. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $121.59. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.97 and a current ratio of 0.93.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.45 by $0.23. The firm had revenue of $29.34 billion for the quarter, compared to the consensus estimate of $28.36 billion. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.34 EPS. On average, equities analysts predict that JPMorgan Chase & Co. will post 10.1 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, October 3rd. 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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