JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by HCR Wealth Advisors

HCR Wealth Advisors grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 9.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,674 shares of the financial services provider’s stock after acquiring an additional 2,134 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 0.7% of HCR Wealth Advisors’ holdings, making the stock its 29th largest holding. HCR Wealth Advisors’ holdings in JPMorgan Chase & Co. were worth $3,589,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in JPM. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of JPMorgan Chase & Co. by 97,681.8% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,056,747,063 shares of the financial services provider’s stock worth $299,133,293,000 after purchasing an additional 2,054,643,659 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 105,652.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after purchasing an additional 97,907,897 shares during the period. Morgan Stanley lifted its holdings in shares of JPMorgan Chase & Co. by 15.9% during the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after purchasing an additional 8,088,433 shares during the period. Geode Capital Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 2.1% during the first quarter. Geode Capital Management LLC now owns 52,310,456 shares of the financial services provider’s stock worth $6,801,125,000 after purchasing an additional 1,061,831 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of JPMorgan Chase & Co. by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,769,523 shares of the financial services provider’s stock worth $4,270,198,000 after purchasing an additional 2,285,429 shares during the period. Institutional investors and hedge funds own 68.94% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

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

JPMorgan Chase & Co. Trading Up 0.3 %

Shares of NYSE:JPM opened at $153.29 on Tuesday. JPMorgan Chase & Co. has a 1 year low of $123.11 and a 1 year high of $159.38. The firm has a market capitalization of $443.16 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.90 and a quick ratio of 0.90. The business’s 50 day moving average price is $145.23 and its 200-day moving average price is $145.34.

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

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were paid a $1.05 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 2.74%. The ex-dividend date was Thursday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.07%.

Analyst Ratings Changes

A number of equities research analysts recently commented on JPM shares. Odeon Capital Group downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 target price for the company. in a report on Thursday, November 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $158.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, September 8th. Atlantic Securities upped their price objective on JPMorgan Chase & Co. from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 1st. BMO Capital Markets upped their price objective on JPMorgan Chase & Co. from $167.00 to $171.00 and gave the stock a “market perform” rating in a research report on Monday, October 16th. Finally, Morgan Stanley upped their price objective on JPMorgan Chase & Co. from $187.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 16th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $168.80.

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, 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.