Howland Capital Management LLC Raises Position in JPMorgan Chase & Co. (NYSE:JPM)

Howland Capital Management LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 23.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,244 shares of the financial services provider’s stock after buying an additional 7,683 shares during the period. Howland Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $4,736,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Morse Asset Management Inc grew its stake in shares of JPMorgan Chase & Co. by 1.5% during the second quarter. Morse Asset Management Inc now owns 5,781 shares of the financial services provider’s stock valued at $646,000 after buying an additional 86 shares during the last quarter. Harvey Investment Co. LLC grew its stake in shares of JPMorgan Chase & Co. by 0.4% during the second quarter. Harvey Investment Co. LLC now owns 21,596 shares of the financial services provider’s stock valued at $2,414,000 after buying an additional 90 shares during the last quarter. TPG Financial Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 4.5% during the third quarter. TPG Financial Advisors LLC now owns 2,104 shares of the financial services provider’s stock valued at $248,000 after buying an additional 90 shares during the last quarter. CMH Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. by 0.4% during the second quarter. CMH Wealth Management LLC now owns 25,978 shares of the financial services provider’s stock valued at $2,904,000 after buying an additional 95 shares during the last quarter. Finally, West Oak Capital LLC grew its stake in shares of JPMorgan Chase & Co. by 0.4% during the third quarter. West Oak Capital LLC now owns 24,399 shares of the financial services provider’s stock valued at $2,872,000 after buying an additional 95 shares during the last quarter. Institutional investors own 71.94% of the company’s stock.

NYSE JPM opened at $125.03 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.93 and a quick ratio of 0.97. The stock has a market capitalization of $400.07 billion, a PE ratio of 13.89, a PEG ratio of 1.76 and a beta of 1.20. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $125.66. The business’s 50-day moving average is $117.43 and its 200 day moving average is $112.66.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.45 by $0.23. The company had revenue of $29.34 billion for the quarter, compared to analysts’ expectations of $28.36 billion. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. JPMorgan Chase & Co.’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $2.34 earnings per share. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 10.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be paid a $0.90 dividend. The ex-dividend date is Thursday, October 3rd. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 2.88%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 40.00%.

A number of brokerages have recently issued reports on JPM. Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $122.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. BMO Capital Markets raised their price objective on JPMorgan Chase & Co. to $126.00 in a research note on Wednesday, October 16th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $117.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. ValuEngine raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Buckingham Research cut JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 target price on the stock. in a research note on Monday, September 16th. They noted that the move was a valuation call. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $121.94.

In other news, Director Mellody L. Hobson acquired 16,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were acquired at an average cost of $124.65 per share, with a total value of $1,994,400.00. Following the transaction, the director now owns 8,186 shares in the company, valued at approximately $1,020,384.90. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gordon Smith sold 83,289 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 393,197 shares in the company, valued at $47,175,776.06. The disclosure for this sale can be found here. 0.76% of the stock is owned by company 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.

Recommended Story: Cost of Equity

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.