ELM Advisors LLC Boosts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

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ELM Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,710 shares of the financial services provider’s stock after acquiring an additional 380 shares during the period. ELM Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Rhumbline Advisers lifted its stake in JPMorgan Chase & Co. by 0.5% in the 4th quarter. Rhumbline Advisers now owns 5,870,204 shares of the financial services provider’s stock worth $573,049,000 after purchasing an additional 31,681 shares in the last quarter. Fisher Asset Management LLC lifted its stake in JPMorgan Chase & Co. by 4.0% in the 4th quarter. Fisher Asset Management LLC now owns 5,426,978 shares of the financial services provider’s stock worth $529,782,000 after purchasing an additional 208,780 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in JPMorgan Chase & Co. by 2.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 4,263,000 shares of the financial services provider’s stock worth $416,154,000 after purchasing an additional 100,000 shares in the last quarter. ADAMCAPITAL Gestao de Recursos Ltda. lifted its stake in JPMorgan Chase & Co. by 32.0% in the 4th quarter. ADAMCAPITAL Gestao de Recursos Ltda. now owns 2,598,267 shares of the financial services provider’s stock worth $253,643,000 after purchasing an additional 629,580 shares in the last quarter. Finally, Royal London Asset Management Ltd. purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth $182,400,000. 71.59% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE JPM opened at $105.20 on Friday. The firm’s 50-day moving average price is $112.78 and its 200-day moving average price is $108.93. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $344.34 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 1.55 and a beta of 1.16. JPMorgan Chase & Co. has a 12-month low of $91.11 and a 12-month high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The company had revenue of $28.83 billion for the quarter, compared to analyst estimates of $28.52 billion. During the same period in the prior year, the company posted $2.29 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities analysts predict that JPMorgan Chase & Co. will post 9.94 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Wednesday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 35.56%.

Several brokerages have commented on JPM. Morgan Stanley set a $122.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday, August 9th. ValuEngine cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Goldman Sachs Group reiterated a “neutral” rating and issued a $117.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Finally, Deutsche Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $122.32.

In other news, Director Mellody L. Hobson acquired 18,200 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $109.91 per share, with a total value of $2,000,362.00. Following the transaction, the director now directly owns 7,804 shares of the company’s stock, valued at approximately $857,737.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lori A. Beer sold 13,341 shares of the stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the completion of the sale, the insider now directly owns 10,130 shares in the company, valued at $1,157,656.40. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

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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