Westhampton Capital LLC Has $470,000 Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Westhampton Capital LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 7.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,882 shares of the financial services provider’s stock after buying an additional 340 shares during the quarter. Westhampton Capital LLC’s holdings in JPMorgan Chase & Co. were worth $470,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tortoise Investment Management LLC lifted its position in shares of JPMorgan Chase & Co. by 2.0% during the 3rd quarter. Tortoise Investment Management LLC now owns 5,018 shares of the financial services provider’s stock worth $483,000 after buying an additional 100 shares during the last quarter. TD Capital Management LLC lifted its position in shares of JPMorgan Chase & Co. by 9.8% during the 2nd quarter. TD Capital Management LLC now owns 1,135 shares of the financial services provider’s stock worth $107,000 after buying an additional 101 shares during the last quarter. Atlas Private Wealth Management lifted its position in shares of JPMorgan Chase & Co. by 0.7% during the 2nd quarter. Atlas Private Wealth Management now owns 16,114 shares of the financial services provider’s stock worth $1,516,000 after buying an additional 106 shares during the last quarter. Capital Analysts LLC lifted its position in shares of JPMorgan Chase & Co. by 0.3% during the 2nd quarter. Capital Analysts LLC now owns 31,390 shares of the financial services provider’s stock worth $2,953,000 after buying an additional 107 shares during the last quarter. Finally, Financial Consulate Inc. lifted its position in shares of JPMorgan Chase & Co. by 2.1% during the 3rd quarter. Financial Consulate Inc. now owns 5,087 shares of the financial services provider’s stock worth $490,000 after buying an additional 107 shares during the last quarter. 69.35% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of NYSE:JPM opened at $114.57 on Friday. The business’s 50 day simple moving average is $103.80 and its two-hundred day simple moving average is $99.04. The firm has a market cap of $349.23 billion, a P/E ratio of 14.98, a PEG ratio of 2.68 and a beta of 1.15. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.88 and a current ratio of 0.88. JPMorgan Chase & Co. has a 52-week low of $76.91 and a 52-week high of $141.10.

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

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

Several analysts recently weighed in on JPM shares. Royal Bank of Canada restated a “buy” rating and set a $110.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. Credit Suisse Group reiterated a “buy” rating and issued a $126.00 target price (up from $122.00) on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. Keefe, Bruyette & Woods downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and increased their target price for the company from $125.00 to $130.00 in a research report on Wednesday. Morgan Stanley reiterated a “buy” rating and issued a $106.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their target price for the company from $105.00 to $115.00 in a research report on Thursday, September 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $111.34.

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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