Lynch & Associates IN lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 33.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,051 shares of the financial services provider’s stock after buying an additional 9,378 shares during the quarter. Lynch & Associates IN’s holdings in JPMorgan Chase & Co. were worth $4,142,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JPM. Dudley & Shanley Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $1,952,000. First United Bank Trust boosted its stake in shares of JPMorgan Chase & Co. by 3.8% during the 4th quarter. First United Bank Trust now owns 27,147 shares of the financial services provider’s stock worth $2,650,000 after purchasing an additional 998 shares during the last quarter. Coastline Trust Co boosted its stake in shares of JPMorgan Chase & Co. by 12.5% during the 4th quarter. Coastline Trust Co now owns 33,900 shares of the financial services provider’s stock worth $3,309,000 after purchasing an additional 3,776 shares during the last quarter. Smithbridge Asset Management Inc. DE boosted its stake in shares of JPMorgan Chase & Co. by 41.6% during the 4th quarter. Smithbridge Asset Management Inc. DE now owns 5,108 shares of the financial services provider’s stock worth $499,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Kiley Juergens Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 85.8% during the 4th quarter. Kiley Juergens Wealth Management LLC now owns 10,040 shares of the financial services provider’s stock worth $980,000 after purchasing an additional 4,635 shares during the last quarter. 71.57% of the stock is owned by institutional investors and hedge funds.

Several research firms have issued reports on JPM. HSBC reaffirmed a “hold” rating on shares of Societe Generale in a research note on Thursday, April 4th. Royal Bank of Canada raised their price target on shares of Johnson Service Group from GBX 180 ($2.35) to GBX 190 ($2.48) and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. BMO Capital Markets raised their price target on shares of Citigroup from $92.00 to $93.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Morgan Stanley decreased their price target on shares of Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Monday, April 15th. Finally, Deutsche Bank set a $142.00 price target on shares of MCCORMICK & CO /SH and gave the stock a “hold” rating in a research note on Friday, June 28th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $122.94.

Shares of JPM traded down $0.40 during mid-day trading on Tuesday, hitting $115.45. The company had a trading volume of 498,530 shares, compared to its average volume of 10,139,415. The business has a 50-day moving average of $112.60. The company has a current ratio of 0.97, a quick ratio of 1.00 and a debt-to-equity ratio of 1.22. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $119.24. The company has a market cap of $375.81 billion, a PE ratio of 12.83, a PEG ratio of 1.67 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.41%. The business had revenue of $28.83 billion for the quarter, compared to analysts’ expectations of $28.52 billion. During the same period last year, the company earned $2.29 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Research analysts forecast that JPMorgan Chase & Co. will post 9.92 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be given a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $3.20 annualized dividend and a dividend yield of 2.77%. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.56%.

In other JPMorgan Chase & Co. news, EVP Peter Scher sold 10,816 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,243,840.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Lori A. Beer sold 13,341 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the transaction, the insider now directly owns 10,130 shares in the company, valued at $1,157,656.40. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Company 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 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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