5,751 Shares in JPMorgan Chase & Co. (NYSE:JPM) Purchased by Mendel Money Management

Mendel Money Management purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,751 shares of the financial services provider’s stock, valued at approximately $541,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Your Advocates Ltd. LLP increased its stake in JPMorgan Chase & Co. by 250.0% in the 2nd quarter. Your Advocates Ltd. LLP now owns 175 shares of the financial services provider’s stock valued at $67,000 after buying an additional 125 shares during the last quarter. NuWave Investment Management LLC bought a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $30,000. Lion Street Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at about $37,000. Horan Securities Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at about $45,000. Finally, Efficient Wealth Management LLC bought a new stake in JPMorgan Chase & Co. during the first quarter worth about $51,000. 71.35% of the stock is owned by institutional investors.

Several research analysts have weighed in on JPM shares. Wells Fargo & Co boosted their price target on JPMorgan Chase & Co. from $115.00 to $130.00 in a research report on Friday, June 5th. Royal Bank of Canada set a $99.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Tuesday, April 14th. TheStreet lowered shares of JPMorgan Chase & Co. from a “b-” rating to a “c” rating in a research report on Monday, May 11th. Societe Generale upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “buy” rating in a research note on Tuesday, April 14th. Finally, Credit Suisse Group set a $122.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. JPMorgan Chase & Co. currently has an average rating of “Buy” and a consensus price target of $110.89.

Shares of NYSE JPM opened at $96.64 on Friday. The firm has a market cap of $294.46 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 3.24 and a beta of 1.19. The business’s 50 day moving average is $96.77 and its 200-day moving average is $105.48. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.35. JPMorgan Chase & Co. has a 1-year low of $76.91 and a 1-year high of $141.10.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.04. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The firm had revenue of $32.98 billion for the quarter, compared to analyst estimates of $30.23 billion. During the same period in the prior year, the firm posted $2.82 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. Analysts forecast that JPMorgan Chase & Co. will post 5.96 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Monday, July 6th were paid a $0.90 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $3.60 annualized dividend and a dividend yield of 3.73%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 24,554 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total value of $2,443,614.08. 0.78% of the stock is currently owned by company insiders.

About JPMorgan Chase & Co.

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 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.

Recommended Story: How to calculate the annual rate of depreciation

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.