Quadrant Capital Group LLC Acquires 338 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Quadrant Capital Group LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,769 shares of the financial services provider’s stock after buying an additional 338 shares during the quarter. JPMorgan Chase & Co. makes up about 0.6% of Quadrant Capital Group LLC’s investment portfolio, making the stock its 24th largest holding. Quadrant Capital Group LLC’s holdings in JPMorgan Chase & Co. were worth $6,075,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Atlas Private Wealth Management boosted its position in shares of JPMorgan Chase & Co. by 11.7% in the second quarter. Atlas Private Wealth Management now owns 27,106 shares of the financial services provider’s stock worth $3,942,000 after purchasing an additional 2,834 shares during the period. Checchi Capital Advisers LLC boosted its position in shares of JPMorgan Chase & Co. by 4.4% in the second quarter. Checchi Capital Advisers LLC now owns 39,447 shares of the financial services provider’s stock worth $5,737,000 after purchasing an additional 1,652 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of JPMorgan Chase & Co. by 14.0% in the second quarter. Geneos Wealth Management Inc. now owns 50,991 shares of the financial services provider’s stock worth $7,416,000 after purchasing an additional 6,264 shares during the period. Cibc World Markets Corp lifted its holdings in shares of JPMorgan Chase & Co. by 61.6% in the second quarter. Cibc World Markets Corp now owns 1,092,289 shares of the financial services provider’s stock worth $158,863,000 after buying an additional 416,194 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of JPMorgan Chase & Co. by 46.4% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 43,526 shares of the financial services provider’s stock worth $5,612,000 after buying an additional 13,792 shares in the last quarter. 68.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JPM has been the topic of several research analyst reports. Oppenheimer boosted their target price on shares of JPMorgan Chase & Co. from $233.00 to $243.00 and gave the stock an “outperform” rating in a report on Thursday, November 16th. BMO Capital Markets upped their price target on shares of JPMorgan Chase & Co. from $167.00 to $171.00 and gave the company a “market perform” rating in a research note on Monday, October 16th. Atlantic Securities upped their price target on shares of JPMorgan Chase & Co. from $150.00 to $160.00 and gave the company a “neutral” rating in a research note on Tuesday, August 1st. Odeon Capital Group downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a research note on Thursday, November 2nd. Finally, Evercore ISI upped their price target on shares of JPMorgan Chase & Co. from $158.00 to $167.00 in a research note on Thursday, October 5th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.80.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $153.29 on Tuesday. The firm has a market cap of $443.16 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 1.80 and a beta of 1.12. The firm has a 50-day simple moving average of $145.23 and a two-hundred day simple moving average of $145.34. JPMorgan Chase & Co. has a one year low of $123.11 and a one year high of $159.38. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.90 and a current ratio of 0.90.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 13th. The financial services provider reported $4.33 EPS for the quarter, beating the consensus estimate of $3.95 by $0.38. The business had revenue of $40.69 billion during the quarter, compared to analyst estimates of $39.63 billion. JPMorgan Chase & Co. had a net margin of 22.79% and a return on equity of 17.97%. The company’s quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.12 earnings per share. On average, equities analysts forecast that JPMorgan Chase & Co. will post 16.67 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 2.74%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.07%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $144.86, for a total transaction of $624,346.60. Following the completion of the sale, the general counsel now directly owns 53,425 shares of the company’s stock, valued at $7,739,145.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Profile

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 deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.