Simon Quick Advisors LLC Has $15.27 Million Stock Position in JPMorgan Chase & Co. $JPM

Simon Quick Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 70.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 52,680 shares of the financial services provider’s stock after purchasing an additional 21,798 shares during the period. JPMorgan Chase & Co. makes up approximately 0.6% of Simon Quick Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Simon Quick Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $15,273,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in JPM. Harbor Asset Planning Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the second quarter worth approximately $26,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in JPMorgan Chase & Co. during the first quarter worth $28,000. University of Illinois Foundation purchased a new stake in JPMorgan Chase & Co. in the 1st quarter valued at $30,000. Ryan Investment Management Inc. bought a new position in JPMorgan Chase & Co. during the 2nd quarter valued at $37,000. Finally, Christopher J. Hasenberg Inc boosted its holdings in JPMorgan Chase & Co. by 212.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 156 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 106 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $314.30 on Monday. The stock has a fifty day simple moving average of $306.18 and a two-hundred day simple moving average of $287.61. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $318.01. The firm has a market cap of $855.62 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 1.84 and a beta of 1.14. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.83 by $0.24. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The firm had revenue of $46.43 billion for the quarter, compared to analyst estimates of $44.42 billion. During the same period in the previous year, the company posted $4.37 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. Analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 6th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.9%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Monday, October 6th. JPMorgan Chase & Co.’s payout ratio is currently 29.72%.

Insider Transactions at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the sale, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Robin Leopold sold 966 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $311.92, for a total transaction of $301,314.72. Following the completion of the transaction, the insider directly owned 58,479 shares of the company’s stock, valued at approximately $18,240,769.68. This trade represents a 1.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

JPM has been the subject of several analyst reports. Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $330.00 to $354.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Citigroup upped their price objective on shares of JPMorgan Chase & Co. from $275.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 24th. The Goldman Sachs Group reiterated a “buy” rating and issued a $366.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 14th. Dbs Bank upgraded JPMorgan Chase & Co. to a “hold” rating in a research note on Tuesday, October 21st. Finally, Loop Capital set a $310.00 target price on JPMorgan Chase & Co. in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $326.38.

JPMorgan Chase & Co. Company 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.