Carl P. Sherr & Co. LLC Boosts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Carl P. Sherr & Co. LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,437 shares of the financial services provider’s stock after purchasing an additional 558 shares during the quarter. Carl P. Sherr & Co. LLC’s holdings in JPMorgan Chase & Co. were worth $511,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in JPM. Avestar Capital LLC increased its holdings in shares of JPMorgan Chase & Co. by 5.3% in the 2nd quarter. Avestar Capital LLC now owns 9,133 shares of the financial services provider’s stock worth $859,000 after buying an additional 460 shares during the last quarter. Trust Co. of Virginia VA grew its position in JPMorgan Chase & Co. by 8.0% in the second quarter. Trust Co. of Virginia VA now owns 94,620 shares of the financial services provider’s stock worth $8,900,000 after acquiring an additional 7,034 shares in the last quarter. Deltec Asset Management LLC grew its position in JPMorgan Chase & Co. by 31.0% in the second quarter. Deltec Asset Management LLC now owns 4,225 shares of the financial services provider’s stock worth $397,000 after acquiring an additional 1,000 shares in the last quarter. Stelac Advisory Services LLC increased its stake in JPMorgan Chase & Co. by 8.6% during the second quarter. Stelac Advisory Services LLC now owns 11,359 shares of the financial services provider’s stock worth $1,068,000 after acquiring an additional 899 shares during the last quarter. Finally, Total Investment Management Inc. raised its position in JPMorgan Chase & Co. by 8.6% during the second quarter. Total Investment Management Inc. now owns 3,192 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 254 shares during the period. Institutional investors and hedge funds own 71.35% of the company’s stock.

A number of equities analysts have recently commented on JPM shares. Societe Generale upgraded JPMorgan Chase & Co. from a “sell” rating to a “buy” rating in a report on Tuesday, April 14th. DA Davidson upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $102.00 to $117.00 in a research report on Thursday, July 9th. UBS Group lifted their price target on shares of JPMorgan Chase & Co. from $82.00 to $96.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. BMO Capital Markets increased their price objective on shares of JPMorgan Chase & Co. from $108.00 to $119.00 in a research report on Wednesday, July 15th. Finally, Odeon Capital Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $105.75 target price for the company in a research report on Wednesday, May 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock 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 JPMorgan Chase & Co. 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. 0.78% of the stock is currently owned by company insiders.

Shares of NYSE:JPM opened at $96.64 on Friday. The firm has a 50 day moving average of $96.77 and a 200 day moving average of $105.48. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $294.46 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 3.24 and a beta of 1.19. JPMorgan Chase & Co. has a 52 week low of $76.91 and a 52 week high of $141.10.

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

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

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: What Every Investor Needs to Understand About Secondary Public Offerings

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.