Reik & CO. LLC Grows Stake in JPMorgan Chase & Co. $JPM

Reik & CO. LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 237.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,210 shares of the financial services provider’s stock after purchasing an additional 6,478 shares during the quarter. JPMorgan Chase & Co. comprises 0.7% of Reik & CO. LLC’s portfolio, making the stock its 15th biggest holding. Reik & CO. LLC’s holdings in JPMorgan Chase & Co. were worth $2,670,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Mosaic Financial Group LLC raised its position in JPMorgan Chase & Co. by 0.8% during the first quarter. Mosaic Financial Group LLC now owns 9,296 shares of the financial services provider’s stock valued at $2,280,000 after purchasing an additional 78 shares during the period. Morse Asset Management Inc boosted its holdings in shares of JPMorgan Chase & Co. by 19.5% in the 1st quarter. Morse Asset Management Inc now owns 2,569 shares of the financial services provider’s stock worth $630,000 after purchasing an additional 420 shares during the period. Woodward Diversified Capital LLC increased its position in shares of JPMorgan Chase & Co. by 3.4% during the 1st quarter. Woodward Diversified Capital LLC now owns 8,032 shares of the financial services provider’s stock valued at $1,970,000 after purchasing an additional 263 shares during the last quarter. Kelman Lazarov Inc. raised its holdings in JPMorgan Chase & Co. by 16.9% during the 2nd quarter. Kelman Lazarov Inc. now owns 1,257 shares of the financial services provider’s stock valued at $364,000 after buying an additional 182 shares during the period. Finally, Gladwyn Financial Advisors Inc. bought a new stake in JPMorgan Chase & Co. in the second quarter worth $534,000. 71.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on JPM shares. Dbs Bank upgraded shares of JPMorgan Chase & Co. to a “hold” rating in a research report on Tuesday, October 21st. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. DZ Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 15th. The Goldman Sachs Group restated a “buy” rating and set a $366.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 14th. Finally, Citigroup upped their target price on JPMorgan Chase & Co. from $275.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $326.38.

Insider Activity

In related news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the sale, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robin Leopold sold 966 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $311.92, for a total transaction of $301,314.72. Following the transaction, the insider owned 58,479 shares in the company, valued at approximately $18,240,769.68. The trade was a 1.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $303.46 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.86. The company has a market capitalization of $826.09 billion, a PE ratio of 15.03, a P/E/G ratio of 1.84 and a beta of 1.14. The company has a 50 day moving average price of $307.75 and a 200-day moving average price of $290.83. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $322.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.83 by $0.24. The company had revenue of $47.12 billion for the quarter, compared to analysts’ expectations of $44.42 billion. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.JPMorgan Chase & Co.’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.37 earnings per share. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 6th were paid a dividend of $1.50 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, October 6th. JPMorgan Chase & Co.’s payout ratio is 29.72%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.