Campbell & CO Investment Adviser LLC Invests $246,000 in JPMorgan Chase & Co. (NYSE:JPM)

Campbell & CO Investment Adviser LLC acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,617 shares of the financial services provider’s stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Domani Wealth LLC increased its position in shares of JPMorgan Chase & Co. by 2.1% in the first quarter. Domani Wealth LLC now owns 5,152 shares of the financial services provider’s stock valued at $464,000 after acquiring an additional 105 shares during the period. Bay Harbor Wealth Management LLC increased its position in shares of JPMorgan Chase & Co. by 18.3% in the second quarter. Bay Harbor Wealth Management LLC now owns 692 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 107 shares during the period. Emerald Advisers LLC increased its position in shares of JPMorgan Chase & Co. by 2.3% in the first quarter. Emerald Advisers LLC now owns 4,907 shares of the financial services provider’s stock valued at $442,000 after acquiring an additional 108 shares during the period. Spotlight Asset Group Inc. increased its position in shares of JPMorgan Chase & Co. by 2.5% in the second quarter. Spotlight Asset Group Inc. now owns 4,453 shares of the financial services provider’s stock valued at $419,000 after acquiring an additional 108 shares during the period. Finally, First National Bank Sioux Falls increased its position in shares of JPMorgan Chase & Co. by 1.5% in the second quarter. First National Bank Sioux Falls now owns 7,567 shares of the financial services provider’s stock valued at $711,000 after acquiring an additional 114 shares during the period. 71.35% of the stock is owned by institutional investors.

JPM has been the topic of a number of analyst reports. Berenberg Bank boosted their price objective on shares of JPMorgan Chase & Co. from $77.00 to $80.00 and gave the company a “sell” rating in a research report on Monday, July 20th. Goldman Sachs Group upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Friday, July 24th. Wells Fargo & Co boosted their price objective on shares of JPMorgan Chase & Co. from $115.00 to $130.00 in a research report on Friday, June 5th. Atlantic Securities upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating and set a $120.00 price target on the stock in a research report on Wednesday, July 22nd. Finally, Oppenheimer reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company. JPMorgan Chase & Co. currently has a consensus rating of “Buy” and a consensus price target of $110.89.

In other news, CEO Mary E. Erdoes sold 24,554 shares of the company’s stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total value of $2,443,614.08. Corporate insiders own 0.78% of the company’s stock.

Shares of JPM opened at $96.64 on Friday. The stock has a market cap of $295.62 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 3.25 and a beta of 1.19. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a fifty-two week low of $76.91 and a fifty-two week high of $141.10. The firm’s 50-day simple moving average is $96.77 and its two-hundred day simple moving average is $105.48.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.04. The business had revenue of $32.98 billion for the quarter, compared to analysts’ expectations of $30.23 billion. JPMorgan Chase & Co. had a net margin of 18.16% and a return on equity of 10.75%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.82 earnings per share. Equities research analysts predict that JPMorgan Chase & Co. will post 5.96 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 6th were paid a $0.90 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.60 annualized dividend and a dividend yield of 3.73%. JPMorgan Chase & Co.’s dividend payout ratio is presently 34.35%.

JPMorgan Chase & Co. 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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