JPMorgan Chase & Co. (JPM) Holdings Raised by Copperwynd Financial LLC

Copperwynd Financial LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 22.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,724 shares of the financial services provider’s stock after purchasing an additional 1,041 shares during the quarter. JPMorgan Chase & Co. comprises 0.4% of Copperwynd Financial LLC’s portfolio, making the stock its 26th largest holding. Copperwynd Financial LLC’s holdings in JPMorgan Chase & Co. were worth $596,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in JPM. Mackay Shields LLC bought a new stake in JPMorgan Chase & Co. during the first quarter worth approximately $139,822,000. Annex Advisory Services LLC boosted its position in JPMorgan Chase & Co. by 7.6% during the first quarter. Annex Advisory Services LLC now owns 17,791 shares of the financial services provider’s stock worth $1,956,000 after purchasing an additional 1,255 shares during the period. Hamel Associates Inc. boosted its position in JPMorgan Chase & Co. by 24.3% during the first quarter. Hamel Associates Inc. now owns 6,900 shares of the financial services provider’s stock worth $759,000 after purchasing an additional 1,350 shares during the period. Investment Partners Ltd. OH ADV boosted its position in JPMorgan Chase & Co. by 12.5% during the first quarter. Investment Partners Ltd. OH ADV now owns 20,623 shares of the financial services provider’s stock worth $2,268,000 after purchasing an additional 2,285 shares during the period. Finally, Advisor Partners LLC boosted its position in JPMorgan Chase & Co. by 3.6% during the first quarter. Advisor Partners LLC now owns 93,037 shares of the financial services provider’s stock worth $10,231,000 after purchasing an additional 3,242 shares during the period. 70.54% of the stock is owned by hedge funds and other institutional investors.

Shares of JPM stock opened at $106.70 on Wednesday. JPMorgan Chase & Co. has a 12 month low of $95.95 and a 12 month high of $119.33. The company has a market cap of $354.93 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 1.67 and a beta of 1.17. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.01 and a quick ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.10. JPMorgan Chase & Co. had a return on equity of 13.90% and a net margin of 23.39%. The company had revenue of $27.26 billion during the quarter, compared to analyst estimates of $27.20 billion. During the same period in the previous year, the company earned $1.76 earnings per share. Equities analysts anticipate that JPMorgan Chase & Co. will post 9.26 earnings per share for the current fiscal year.

The company 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 $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.00%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. The ex-dividend date is Thursday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 46.58%.

A number of equities research analysts have issued reports on the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $120.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 16th. Goldman Sachs Group set a $128.00 target price on JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research report on Monday, July 23rd. Societe Generale reaffirmed a “neutral” rating and set a $119.50 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 16th. Citigroup upped their price target on JPMorgan Chase & Co. from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday, September 26th. Finally, Credit Suisse Group set a $130.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Thursday, July 12th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $123.44.

In other news, Director Mellody L. Hobson bought 1,150 shares of the business’s stock in a transaction that occurred on Friday, October 19th. The stock was acquired at an average cost of $108.94 per share, for a total transaction of $125,281.00. Following the completion of the purchase, the director now owns 2,632 shares of the company’s stock, valued at approximately $286,730.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.73% of the company’s stock.

About JPMorgan Chase & Co.

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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