TCG Advisory Services LLC Has $2.25 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

TCG Advisory Services LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 10.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,942 shares of the financial services provider’s stock after buying an additional 1,921 shares during the period. TCG Advisory Services LLC’s holdings in JPMorgan Chase & Co. were worth $2,246,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of JPMorgan Chase & Co. by 2.6% during the first quarter. Vanguard Group Inc. now owns 266,854,574 shares of the financial services provider’s stock worth $36,377,615,000 after acquiring an additional 6,792,220 shares in the last quarter. Greenhaven Associates Inc. raised its holdings in shares of JPMorgan Chase & Co. by 600.7% during the second quarter. Greenhaven Associates Inc. now owns 4,533,856 shares of the financial services provider’s stock worth $510,558,000 after acquiring an additional 3,886,845 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of JPMorgan Chase & Co. by 21.1% during the second quarter. Franklin Resources Inc. now owns 19,739,048 shares of the financial services provider’s stock worth $2,222,815,000 after acquiring an additional 3,435,522 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of JPMorgan Chase & Co. by 7,427.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock worth $363,169,000 after acquiring an additional 2,628,701 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of JPMorgan Chase & Co. by 4.5% during the first quarter. Capital Research Global Investors now owns 36,611,171 shares of the financial services provider’s stock worth $4,990,845,000 after acquiring an additional 1,590,742 shares in the last quarter. Institutional investors and hedge funds own 68.57% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock traded up $1.44 during trading on Thursday, reaching $136.48. The company’s stock had a trading volume of 7,316,204 shares, compared to its average volume of 11,552,875. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $169.81. The firm has a market cap of $400.32 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 2.30 and a beta of 1.14. The business’s fifty day moving average price is $119.42 and its 200-day moving average price is $118.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.84 and a current ratio of 0.84.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its earnings results on Friday, October 14th. The financial services provider reported $3.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.95 by $0.17. JPMorgan Chase & Co. had a return on equity of 14.52% and a net margin of 26.85%. The business had revenue of $32.72 billion for the quarter, compared to the consensus estimate of $31.88 billion. During the same period last year, the business earned $3.74 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 11.72 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Thursday, October 6th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Wednesday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.78%.

Analyst Ratings Changes

JPM has been the topic of several recent research reports. UBS Group set a $124.00 target price on JPMorgan Chase & Co. in a report on Tuesday, October 18th. Deutsche Bank Aktiengesellschaft cut their target price on JPMorgan Chase & Co. from $174.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, September 12th. Jefferies Financial Group set a $117.00 target price on JPMorgan Chase & Co. in a report on Monday, September 12th. Credit Suisse Group set a $145.00 target price on JPMorgan Chase & Co. in a report on Tuesday, November 8th. Finally, BMO Capital Markets raised their target price on JPMorgan Chase & Co. from $149.00 to $158.00 and gave the company a “market perform” rating in a report on Monday, October 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average price target of $144.90.

Insider Buying and Selling

In related news, insider Robin Leopold sold 2,000 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $125.07, for a total transaction of $250,140.00. Following the sale, the insider now directly owns 19,031 shares of the company’s stock, valued at $2,380,207.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.07, for a total transaction of $250,140.00. Following the sale, the insider now directly owns 19,031 shares of the company’s stock, valued at $2,380,207.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Peter Scher sold 1,310 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total value of $163,776.20. Following the sale, the insider now directly owns 34,973 shares in the company, valued at $4,372,324.46. The disclosure for this sale can be found here. Insiders have sold a total of 41,964 shares of company stock valued at $4,936,426 over the last three months. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Company Profile

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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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

Further Reading

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

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