Strategic Wealth Advisors Group LLC Acquires 3,510 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Strategic Wealth Advisors Group LLC grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 14.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,402 shares of the financial services provider’s stock after purchasing an additional 3,510 shares during the quarter. Strategic Wealth Advisors Group LLC’s holdings in JPMorgan Chase & Co. were worth $3,175,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Neville Rodie & Shaw Inc. lifted its stake in shares of JPMorgan Chase & Co. by 4.6% in the 2nd quarter. Neville Rodie & Shaw Inc. now owns 164,820 shares of the financial services provider’s stock worth $18,427,000 after acquiring an additional 7,259 shares during the period. Bath Savings Trust Co lifted its stake in shares of JPMorgan Chase & Co. by 5.8% in the 2nd quarter. Bath Savings Trust Co now owns 6,063 shares of the financial services provider’s stock worth $678,000 after acquiring an additional 331 shares during the period. Thomasville National Bank lifted its stake in shares of JPMorgan Chase & Co. by 344.4% in the 2nd quarter. Thomasville National Bank now owns 88,169 shares of the financial services provider’s stock worth $9,857,000 after acquiring an additional 68,329 shares during the period. Private Trust Co. NA lifted its stake in shares of JPMorgan Chase & Co. by 5.7% in the 2nd quarter. Private Trust Co. NA now owns 86,572 shares of the financial services provider’s stock worth $9,678,000 after acquiring an additional 4,657 shares during the period. Finally, LVM Capital Management Ltd. MI lifted its stake in shares of JPMorgan Chase & Co. by 9.8% in the 2nd quarter. LVM Capital Management Ltd. MI now owns 8,434 shares of the financial services provider’s stock worth $943,000 after acquiring an additional 750 shares during the period. 71.90% of the stock is currently owned by institutional investors.

JPM has been the subject of several recent research reports. UBS Group increased their target price on shares of JPMorgan Chase & Co. from $131.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. BMO Capital Markets increased their target price on shares of JPMorgan Chase & Co. to $126.00 in a research note on Wednesday, October 16th. Goldman Sachs Group reissued a “neutral” rating and set a $117.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. DZ Bank reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, August 21st. Finally, Wells Fargo & Co set a $125.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $123.02.

Shares of JPM stock traded up $0.38 during trading hours on Friday, reaching $130.38. 9,160,446 shares of the stock traded hands, compared to its average volume of 12,174,789. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $131.29. The business has a fifty day moving average price of $120.77 and a 200 day moving average price of $114.02. The company has a quick ratio of 0.97, a current ratio of 0.93 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $404.92 billion, a PE ratio of 14.49, a PEG ratio of 1.81 and a beta of 1.21.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.45 by $0.23. JPMorgan Chase & Co. had a net margin of 24.70% and a return on equity of 14.63%. The business had revenue of $29.34 billion for the quarter, compared to analyst estimates of $28.36 billion. During the same quarter in the previous year, the business earned $2.34 earnings per share. The firm’s revenue was up 7.6% compared to the same quarter last year. Research analysts expect that JPMorgan Chase & Co. will post 10.17 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.76%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. JPMorgan Chase & Co.’s payout ratio is currently 40.00%.

In related news, Director Mellody L. Hobson acquired 16,000 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were purchased at an average price of $124.65 per share, for a total transaction of $1,994,400.00. Following the purchase, the director now owns 8,186 shares in the company, valued at $1,020,384.90. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicole Giles sold 863 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $126.73, for a total transaction of $109,367.99. Following the completion of the transaction, the insider now owns 8,949 shares in the company, valued at approximately $1,134,106.77. The disclosure for this sale can be found here. Insiders have sold 152,944 shares of company stock worth $19,088,970 in the last 90 days. 0.76% of the stock is owned by company insiders.

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.

Recommended Story: How to build a Fibonacci channel

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.