JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Sequent Asset Management LLC

Sequent Asset Management LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,818 shares of the financial services provider’s stock after acquiring an additional 248 shares during the period. Sequent Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $830,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of JPM. Guggenheim Capital LLC boosted its holdings in JPMorgan Chase & Co. by 6.5% in the 4th quarter. Guggenheim Capital LLC now owns 421,677 shares of the financial services provider’s stock valued at $58,782,000 after purchasing an additional 25,765 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in JPMorgan Chase & Co. by 18.1% in the 4th quarter. Macquarie Group Ltd. now owns 1,051,725 shares of the financial services provider’s stock valued at $146,611,000 after purchasing an additional 161,409 shares during the last quarter. Stillwater Investment Management LLC boosted its holdings in JPMorgan Chase & Co. by 2.8% in the 1st quarter. Stillwater Investment Management LLC now owns 35,507 shares of the financial services provider’s stock valued at $3,197,000 after purchasing an additional 966 shares during the last quarter. IMS Capital Management boosted its holdings in JPMorgan Chase & Co. by 49.5% in the 1st quarter. IMS Capital Management now owns 14,290 shares of the financial services provider’s stock valued at $1,287,000 after purchasing an additional 4,733 shares during the last quarter. Finally, Fulton Bank N.A. boosted its holdings in JPMorgan Chase & Co. by 7.5% in the 1st quarter. Fulton Bank N.A. now owns 52,511 shares of the financial services provider’s stock valued at $4,728,000 after purchasing an additional 3,685 shares during the last quarter. Institutional investors own 71.35% of the company’s stock.

Shares of NYSE:JPM opened at $96.64 on Friday. JPMorgan Chase & Co. has a 52 week low of $76.91 and a 52 week high of $141.10. The company’s 50 day moving average is $96.77 and its two-hundred day moving average is $105.48. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.35. The company has a market cap of $295.62 billion, a PE ratio of 13.04, a P/E/G ratio of 3.25 and a beta of 1.19.

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

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

Several brokerages have recently commented on JPM. Wells Fargo & Co upped their price objective on shares of JPMorgan Chase & Co. from $115.00 to $130.00 in a report on Friday, June 5th. UBS Group upped their price objective on shares of JPMorgan Chase & Co. from $82.00 to $96.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Odeon Capital Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $105.75 price objective on the stock in a report on Wednesday, May 20th. TheStreet lowered shares of JPMorgan Chase & Co. from a “b-” rating to a “c” rating in a report on Monday, May 11th. Finally, ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. JPMorgan Chase & Co. has an average rating of “Buy” and a consensus target price of $110.89.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 24,554 shares of the 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.

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.

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

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