Well Done LLC Acquires 1,432 Shares of JPMorgan Chase & Co. (JPM)

Well Done LLC grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 23.2% in the second quarter, HoldingsChannel.com reports. The fund owned 7,611 shares of the financial services provider’s stock after buying an additional 1,432 shares during the period. Well Done LLC’s holdings in JPMorgan Chase & Co. were worth $793,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the company. Ballew Advisors Inc raised its stake in JPMorgan Chase & Co. by 104.2% during the second quarter. Ballew Advisors Inc now owns 1,213 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 619 shares in the last quarter. Financial Gravity Wealth Inc. acquired a new position in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $150,000. Stelac Advisory Services LLC acquired a new position in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $162,000. Private Ocean LLC increased its stake in shares of JPMorgan Chase & Co. by 94.7% in the first quarter. Private Ocean LLC now owns 1,694 shares of the financial services provider’s stock valued at $186,000 after buying an additional 824 shares during the period. Finally, Avenir Corp acquired a new position in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $201,000. 70.43% of the stock is owned by institutional investors.

Several research analysts have recently issued reports on JPM shares. Keefe, Bruyette & Woods reaffirmed a “$111.53” rating and issued a $127.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 18th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $120.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 16th. Credit Suisse Group set a $130.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Thursday, July 12th. DZ Bank raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Finally, UBS Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $123.44.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson purchased 1,150 shares of the business’s stock in a transaction on Friday, October 19th. The shares were purchased at an average cost of $108.94 per share, for a total transaction of $125,281.00. Following the acquisition, the director now owns 2,632 shares of the company’s stock, valued at $286,730.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.73% of the stock is currently owned by corporate insiders.

Shares of JPM stock opened at $112.38 on Friday. JPMorgan Chase & Co. has a one year low of $95.95 and a one year high of $119.33. The company has a market capitalization of $376.14 billion, a P/E ratio of 16.36, a P/E/G ratio of 1.77 and a beta of 1.13. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.17.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Friday, October 5th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.85%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. The ex-dividend date was Thursday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 46.58%.

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JPMorgan Chase & Co. 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.

Further Reading: Are Wall Street analysts’ stock ratings worth following?

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

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