Occidental Asset Management LLC Buys 136 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Occidental Asset Management LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,993 shares of the financial services provider’s stock after acquiring an additional 136 shares during the period. Occidental Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $866,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Laidlaw Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 20,306.8% in the 2nd quarter. Laidlaw Wealth Management LLC now owns 2,810,830 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 2,797,056 shares during the period. Provident Wealth Management LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth approximately $34,000. FAI Wealth Management lifted its position in shares of JPMorgan Chase & Co. by 317.0% in the 2nd quarter. FAI Wealth Management now owns 417 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 317 shares during the period. Marshall & Sullivan Inc. WA purchased a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth approximately $43,000. Finally, Eukles Asset Management lifted its position in shares of JPMorgan Chase & Co. by 28.7% in the 3rd quarter. Eukles Asset Management now owns 533 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 119 shares during the period. Institutional investors and hedge funds own 69.35% of the company’s stock.

Several equities research analysts have recently weighed in on JPM shares. BMO Capital Markets upped their price target on shares of JPMorgan Chase & Co. from $117.00 to $119.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 14th. Credit Suisse Group reissued a “buy” rating and set a $126.00 target price (up previously from $122.00) on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. Independent Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their target price for the company from $100.00 to $110.00 in a research report on Tuesday, September 29th. TheStreet raised shares of JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a research report on Tuesday, August 4th. Finally, Morgan Stanley reissued a “buy” rating and set a $106.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $111.34.

NYSE:JPM opened at $114.57 on Friday. The firm has a market capitalization of $349.23 billion, a P/E ratio of 14.98, a PEG ratio of 2.68 and a beta of 1.15. JPMorgan Chase & Co. has a 1-year low of $76.91 and a 1-year high of $141.10. The company’s fifty day moving average price is $103.80 and its 200-day moving average price is $99.04. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.88 and a quick ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Monday, October 19th. The financial services provider reported $2.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.23 by $0.69. The firm had revenue of $29.90 billion for the quarter, compared to analyst estimates of $28.20 billion. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.68 earnings per share. Equities analysts anticipate that JPMorgan Chase & Co. will post 7.47 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th were paid a $0.90 dividend. The ex-dividend date was Monday, October 5th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.14%. JPMorgan Chase & Co.’s payout ratio is currently 34.35%.

In related news, insider Nicole Giles sold 2,281 shares of the firm’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $100.98, for a total transaction of $230,335.38. Also, CFO Jennifer Piepszak sold 3,297 shares of the firm’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $101.11, for a total transaction of $333,359.67. 0.78% of the stock is owned by corporate insiders.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in 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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