Zeke Capital Advisors LLC Has $11.72 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Zeke Capital Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,545 shares of the financial services provider’s stock after acquiring an additional 1,236 shares during the quarter. JPMorgan Chase & Co. comprises 1.0% of Zeke Capital Advisors LLC’s portfolio, making the stock its 16th biggest holding. Zeke Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $11,715,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wharton Business Group LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.3% during the 2nd quarter. Wharton Business Group LLC now owns 86,951 shares of the financial services provider’s stock worth $9,721,000 after purchasing an additional 235 shares in the last quarter. New England Investment & Retirement Group Inc. grew its holdings in shares of JPMorgan Chase & Co. by 27.2% during the 2nd quarter. New England Investment & Retirement Group Inc. now owns 6,695 shares of the financial services provider’s stock worth $748,000 after purchasing an additional 1,433 shares in the last quarter. Carillon Tower Advisers Inc. grew its holdings in shares of JPMorgan Chase & Co. by 4.7% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 300,522 shares of the financial services provider’s stock worth $33,598,000 after purchasing an additional 13,477 shares in the last quarter. BTR Capital Management Inc. grew its holdings in shares of JPMorgan Chase & Co. by 0.7% during the 2nd quarter. BTR Capital Management Inc. now owns 164,688 shares of the financial services provider’s stock worth $18,412,000 after purchasing an additional 1,223 shares in the last quarter. Finally, Annex Advisory Services LLC grew its holdings in shares of JPMorgan Chase & Co. by 21.5% during the 2nd quarter. Annex Advisory Services LLC now owns 27,273 shares of the financial services provider’s stock worth $3,050,000 after purchasing an additional 4,834 shares in the last quarter. 71.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of JPM stock traded up $0.21 on Friday, hitting $120.56. 10,320,099 shares of the company’s stock were exchanged, compared to its average volume of 12,220,965. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.93 and a quick ratio of 0.97. JPMorgan Chase & Co. has a 12 month low of $91.11 and a 12 month high of $121.59. The stock has a market cap of $384.82 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 1.70 and a beta of 1.20. The company has a 50 day moving average of $115.81 and a 200 day moving average of $112.10.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.23. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. The business had revenue of $29.34 billion during the quarter, compared to the consensus estimate of $28.36 billion. During the same period in the prior year, the company earned $2.34 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 7.6% on a year-over-year basis. Sell-side analysts predict that JPMorgan Chase & Co. will post 10.17 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be given a dividend of $0.90 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Thursday, October 3rd. JPMorgan Chase & Co.’s dividend payout ratio is currently 40.00%.

Several analysts have recently issued reports on the company. UBS Group increased their target price on JPMorgan Chase & Co. from $131.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Co set a $125.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 16th. ValuEngine raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Credit Suisse Group set a $135.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, October 11th. Finally, BMO Capital Markets increased their target price on JPMorgan Chase & Co. to $126.00 in a report on Wednesday. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $121.94.

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

About JPMorgan Chase & Co.

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.

See Also: Current Ratio

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

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