Boston Advisors LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 243,257 shares of the financial services provider’s stock after purchasing an additional 1,302 shares during the quarter. Boston Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $25,347,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Elite Wealth Management Inc. grew its position in shares of JPMorgan Chase & Co. by 4.1% during the 1st quarter. Elite Wealth Management Inc. now owns 17,891 shares of the financial services provider’s stock valued at $1,967,000 after buying an additional 701 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of JPMorgan Chase & Co. by 2.7% during the 1st quarter. Nuveen Asset Management LLC now owns 1,124,172 shares of the financial services provider’s stock valued at $123,625,000 after buying an additional 29,540 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of JPMorgan Chase & Co. by 7.1% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 808,379 shares of the financial services provider’s stock valued at $88,897,000 after buying an additional 53,442 shares during the last quarter. United Capital Financial Advisers LLC grew its position in shares of JPMorgan Chase & Co. by 0.7% during the 1st quarter. United Capital Financial Advisers LLC now owns 692,361 shares of the financial services provider’s stock valued at $76,139,000 after buying an additional 4,569 shares during the last quarter. Finally, Wealthfront Inc. grew its position in shares of JPMorgan Chase & Co. by 14.2% during the 4th quarter. Wealthfront Inc. now owns 139,214 shares of the financial services provider’s stock valued at $14,888,000 after buying an additional 17,288 shares during the last quarter. Institutional investors and hedge funds own 70.51% of the company’s stock.

In related news, CEO Gordon Smith sold 30,725 shares of the stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $114.01, for a total transaction of $3,502,957.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.73% of the stock is owned by corporate insiders.

Several research analysts have commented on the stock. Citigroup upped their target price on shares of JPMorgan Chase & Co. from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wolfe Research assumed coverage on shares of JPMorgan Chase & Co. in a research report on Tuesday. They issued an “outperform” rating for the company. Bank of America upped their target price on shares of JPMorgan Chase & Co. from $126.00 to $132.00 and gave the stock a “buy” rating in a research report on Monday, September 17th. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Monday, September 17th. Finally, Goldman Sachs Group set a $128.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research report on Monday, July 23rd. Eleven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $122.13.

JPMorgan Chase & Co. stock opened at $114.52 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $399.45 billion, a PE ratio of 16.67, a P/E/G ratio of 1.90 and a beta of 1.16. JPMorgan Chase & Co. has a 12-month low of $94.91 and a 12-month high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, July 13th. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.07. The business had revenue of $27.75 billion during the quarter, compared to analysts’ expectations of $27.62 billion. JPMorgan Chase & Co. had a net margin of 22.80% and a return on equity of 13.18%. sell-side analysts anticipate that JPMorgan Chase & Co. will post 9.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, October 5th will be paid a dividend of $0.80 per share. The ex-dividend date is Thursday, October 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. This represents a $3.20 annualized dividend and a yield of 2.79%. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.61%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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