Harel Insurance Investments & Financial Services Ltd. grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 27.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 286,242 shares of the financial services provider’s stock after acquiring an additional 62,032 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in JPMorgan Chase & Co. were worth $26,924,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Raub Brock Capital Management LP grew its position in JPMorgan Chase & Co. by 57.7% in the second quarter. Raub Brock Capital Management LP now owns 4,099 shares of the financial services provider’s stock worth $386,000 after acquiring an additional 1,500 shares in the last quarter. First National Bank Sioux Falls grew its position in JPMorgan Chase & Co. by 1.5% in the second quarter. First National Bank Sioux Falls now owns 7,567 shares of the financial services provider’s stock worth $711,000 after acquiring an additional 114 shares in the last quarter. Polaris Greystone Financial Group LLC grew its position in JPMorgan Chase & Co. by 3,194.8% in the second quarter. Polaris Greystone Financial Group LLC now owns 234,125 shares of the financial services provider’s stock worth $21,834,000 after acquiring an additional 227,019 shares in the last quarter. Mayfair Advisory Group LLC bought a new stake in JPMorgan Chase & Co. in the second quarter worth approximately $227,000. Finally, Strategic Family Wealth Counselors L.L.C. bought a new stake in JPMorgan Chase & Co. in the second quarter worth approximately $200,000. 71.35% of the stock is owned by institutional investors.

Shares of JPM stock traded up $0.48 during mid-day trading on Tuesday, reaching $98.13. The company’s stock had a trading volume of 750,969 shares, compared to its average volume of 22,049,440. JPMorgan Chase & Co. has a 1-year low of $76.91 and a 1-year high of $141.10. The company has a market cap of $293.34 billion, a P/E ratio of 11.20, a PEG ratio of 3.71 and a beta of 1.19. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.89 and a current ratio of 0.89. The firm’s 50-day moving average is $98.17 and its two-hundred day moving average is $109.08.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.02). JPMorgan Chase & Co. had a net margin of 21.61% and a return on equity of 12.52%. The business had revenue of $32.98 billion during the quarter, compared to analyst estimates of $30.23 billion. During the same quarter in the prior year, the company posted $2.82 EPS. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 5.19 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Thursday, July 2nd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 34.35%.

JPM has been the subject of several recent research reports. DZ Bank raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Friday, March 20th. Odeon Capital Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $105.75 price objective for the company in a report on Wednesday, May 20th. Keefe, Bruyette & Woods raised shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 1st. Deutsche Bank reaffirmed a “neutral” rating and set a $105.00 price objective (down from $130.00) on shares of JPMorgan Chase & Co. in a report on Thursday, April 2nd. Finally, Seaport Global Securities initiated coverage on shares of JPMorgan Chase & Co. in a report on Wednesday, July 8th. They set a “buy” rating and a $119.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $111.09.

In related news, Director Stephen B. Burke bought 75,000 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were purchased at an average cost of $87.99 per share, for a total transaction of $6,599,250.00. Following the acquisition, the director now owns 150,043 shares of the company’s stock, valued at approximately $13,202,283.57. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Ashley Bacon sold 13,027 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $91.12, for a total transaction of $1,187,020.24. Following the sale, the insider now owns 137,243 shares in the company, valued at $12,505,582.16. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.

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.

See Also: Diversification in Investing

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

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