Sargent Bickham Lagudis LLC Purchases 473 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Sargent Bickham Lagudis LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,717 shares of the financial services provider’s stock after purchasing an additional 473 shares during the period. Sargent Bickham Lagudis LLC’s holdings in JPMorgan Chase & Co. were worth $5,711,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of JPMorgan Chase & Co. by 2.6% in the first quarter. Vanguard Group Inc. now owns 266,854,574 shares of the financial services provider’s stock worth $36,377,615,000 after acquiring an additional 6,792,220 shares during the last quarter. State Street Corp raised its stake in shares of JPMorgan Chase & Co. by 1.6% in the fourth quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock worth $22,441,376,000 after acquiring an additional 2,277,065 shares during the last quarter. Capital Research Global Investors raised its stake in shares of JPMorgan Chase & Co. by 4.5% in the first quarter. Capital Research Global Investors now owns 36,611,171 shares of the financial services provider’s stock worth $4,990,845,000 after acquiring an additional 1,590,742 shares during the last quarter. Norges Bank bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $4,092,843,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of JPMorgan Chase & Co. by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 19,360,635 shares of the financial services provider’s stock worth $2,639,810,000 after acquiring an additional 877,422 shares during the last quarter. 68.57% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $111.21 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.83 and a current ratio of 0.83. JPMorgan Chase & Co. has a twelve month low of $106.06 and a twelve month high of $172.96. The firm’s 50 day moving average price is $116.09 and its two-hundred day moving average price is $122.16. The firm has a market cap of $326.13 billion, a P/E ratio of 8.93, a PEG ratio of 2.04 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.09). JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The company had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $31.82 billion. During the same period in the previous year, the firm posted $3.78 EPS. The business’s quarterly revenue was up .8% compared to the same quarter last year. On average, analysts forecast that JPMorgan Chase & Co. will post 11.33 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Thursday, October 6th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Wednesday, October 5th. JPMorgan Chase & Co.’s payout ratio is currently 32.10%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Credit Suisse Group set a $145.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, August 8th. Evercore ISI lowered their price target on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a research report on Friday, July 15th. Jefferies Financial Group set a $117.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, September 12th. Wells Fargo & Company lowered their price target on shares of JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating for the company in a research report on Thursday, July 14th. Finally, Citigroup upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $145.00 to $135.00 in a research report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $145.95.

About JPMorgan Chase & Co.

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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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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