Checchi Capital Advisers LLC Boosts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Checchi Capital Advisers LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,447 shares of the financial services provider’s stock after purchasing an additional 1,652 shares during the period. Checchi Capital Advisers LLC’s holdings in JPMorgan Chase & Co. were worth $5,737,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 2.9% in the 2nd quarter. Cetera Advisors LLC now owns 224,139 shares of the financial services provider’s stock valued at $32,599,000 after purchasing an additional 6,342 shares in the last quarter. YHB Investment Advisors Inc. lifted its stake in shares of JPMorgan Chase & Co. by 3.6% in the 2nd quarter. YHB Investment Advisors Inc. now owns 26,789 shares of the financial services provider’s stock valued at $3,896,000 after purchasing an additional 931 shares in the last quarter. King Wealth lifted its stake in shares of JPMorgan Chase & Co. by 2.4% in the 2nd quarter. King Wealth now owns 78,086 shares of the financial services provider’s stock valued at $11,357,000 after purchasing an additional 1,828 shares in the last quarter. Fortress Wealth Group LLC lifted its stake in shares of JPMorgan Chase & Co. by 2.4% in the 2nd quarter. Fortress Wealth Group LLC now owns 9,238 shares of the financial services provider’s stock valued at $1,448,000 after purchasing an additional 219 shares in the last quarter. Finally, Cetera Advisor Networks LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.7% in the 2nd quarter. Cetera Advisor Networks LLC now owns 350,191 shares of the financial services provider’s stock valued at $50,932,000 after purchasing an additional 2,495 shares in the last quarter. 68.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, General Counsel Stacey Friedman sold 4,310 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total transaction of $624,346.60. Following the completion of the sale, the general counsel now directly owns 53,425 shares of the company’s stock, valued at $7,739,145.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.79% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on JPM shares. StockNews.com started coverage on JPMorgan Chase & Co. in a research report on Thursday, October 5th. They set a “hold” rating on the stock. HSBC started coverage on JPMorgan Chase & Co. in a research report on Thursday, September 7th. They set a “hold” rating and a $159.00 price target on the stock. Oppenheimer boosted their price target on JPMorgan Chase & Co. from $233.00 to $243.00 and gave the stock an “outperform” rating in a research report on Thursday. Evercore ISI lifted their price objective on JPMorgan Chase & Co. from $158.00 to $167.00 in a report on Thursday, October 5th. Finally, Jefferies Financial Group dropped their price objective on JPMorgan Chase & Co. from $176.00 to $169.00 in a report on Tuesday, October 10th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $168.80.

JPMorgan Chase & Co. Trading Up 0.9 %

Shares of JPMorgan Chase & Co. stock opened at $152.82 on Monday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.25. The firm has a market cap of $441.80 billion, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12. The business has a fifty day simple moving average of $145.05 and a 200-day simple moving average of $145.20. JPMorgan Chase & Co. has a fifty-two week low of $123.11 and a fifty-two week high of $159.38.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 13th. The financial services provider reported $4.33 earnings per share for the quarter, beating the consensus estimate of $3.95 by $0.38. The business had revenue of $40.69 billion during the quarter, compared to analyst estimates of $39.63 billion. JPMorgan Chase & Co. had a return on equity of 17.97% and a net margin of 22.79%. The company’s revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.12 earnings per share. On average, equities analysts forecast that JPMorgan Chase & Co. will post 16.67 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 2.75%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.07%.

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, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.