Plancorp LLC Has $1.19 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Plancorp LLC lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,658 shares of the financial services provider’s stock after selling 116 shares during the period. Plancorp LLC’s holdings in JPMorgan Chase & Co. were worth $1,191,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of JPM. Turim 21 Investimentos Ltda. bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $36,000. Capital Directions Investment Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 27.7% during the 2nd quarter. Capital Directions Investment Advisors LLC now owns 392 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 85 shares in the last quarter. Ten Capital Wealth Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 19.2% during the 2nd quarter. Ten Capital Wealth Advisors LLC now owns 460 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 74 shares in the last quarter. Financial Avengers Inc. boosted its position in shares of JPMorgan Chase & Co. by 21.6% during the 1st quarter. Financial Avengers Inc. now owns 552 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 98 shares in the last quarter. Finally, Lake Point Wealth Management bought a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at about $109,000. Institutional investors and hedge funds own 69.67% of the company’s stock.

A number of research analysts recently weighed in on JPM shares. Morgan Stanley upped their price target on JPMorgan Chase & Co. from $150.00 to $166.00 and gave the stock an “underweight” rating in a research note on Thursday, July 29th. BMO Capital Markets upped their price target on JPMorgan Chase & Co. from $139.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday. The Goldman Sachs Group set a $198.00 price target on JPMorgan Chase & Co. in a research note on Wednesday, October 13th. Keefe, Bruyette & Woods initiated coverage on JPMorgan Chase & Co. in a research note on Wednesday, July 7th. They issued a “market perform” rating and a $167.00 price objective for the company. Finally, Credit Suisse Group set a $177.00 price objective on JPMorgan Chase & Co. in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Buy” and an average target price of $168.00.

NYSE JPM traded up $0.89 during trading hours on Monday, reaching $167.50. 163,672 shares of the stock traded hands, compared to its average volume of 13,536,690. The stock has a 50 day simple moving average of $160.97 and a two-hundred day simple moving average of $157.72. JPMorgan Chase & Co. has a 1 year low of $95.24 and a 1 year high of $171.51. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $500.52 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 2.24 and a beta of 1.20.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, October 13th. The financial services provider reported $3.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.00 by $0.74. The company had revenue of $29.60 billion for the quarter, compared to analysts’ expectations of $29.63 billion. JPMorgan Chase & Co. had a return on equity of 19.26% and a net margin of 37.71%. JPMorgan Chase & Co.’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the firm earned $2.92 earnings per share. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 14.05 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 31st. Stockholders of record on Wednesday, October 6th will be given a $1.00 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.90. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Tuesday, October 5th. JPMorgan Chase & Co.’s payout ratio is currently 45.05%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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