JPMorgan Chase & Co. (JPM) Shares Bought by Skylands Capital LLC

Skylands Capital LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,350 shares of the financial services provider’s stock after purchasing an additional 2,050 shares during the period. JPMorgan Chase & Co. comprises 1.5% of Skylands Capital LLC’s investment portfolio, making the stock its 15th biggest position. Skylands Capital LLC’s holdings in JPMorgan Chase & Co. were worth $11,290,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. Brown Advisory Securities LLC grew its holdings in JPMorgan Chase & Co. by 5.7% during the 4th quarter. Brown Advisory Securities LLC now owns 64,245 shares of the financial services provider’s stock valued at $6,871,000 after buying an additional 3,472 shares during the last quarter. Mutual Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $1,619,000. Pinnacle Associates Ltd. grew its holdings in JPMorgan Chase & Co. by 1.5% during the 4th quarter. Pinnacle Associates Ltd. now owns 517,619 shares of the financial services provider’s stock valued at $55,354,000 after buying an additional 7,448 shares during the last quarter. Day & Ennis LLC grew its holdings in JPMorgan Chase & Co. by 23.3% during the 4th quarter. Day & Ennis LLC now owns 3,887 shares of the financial services provider’s stock valued at $416,000 after buying an additional 735 shares during the last quarter. Finally, Amica Pension Fund Board of Trustees grew its holdings in JPMorgan Chase & Co. by 18.2% during the 4th quarter. Amica Pension Fund Board of Trustees now owns 226,870 shares of the financial services provider’s stock valued at $24,261,000 after buying an additional 34,859 shares during the last quarter. 70.56% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Gordon Smith sold 30,725 shares of the firm’s stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $114.01, for a total transaction of $3,502,957.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.73% of the stock is owned by company insiders.

JPM stock opened at $114.62 on Monday. JPMorgan Chase & Co. has a 52-week low of $94.96 and a 52-week high of $119.33. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $387.26 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17.

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, topping the consensus estimate of $2.22 by $0.07. JPMorgan Chase & Co. had a return on equity of 13.18% and a net margin of 22.80%. The business had revenue of $27.75 billion for the quarter, compared to analysts’ expectations of $27.62 billion. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 9.17 EPS for the current fiscal year.

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

A number of equities research analysts have commented on JPM shares. Bank of America increased their target price on JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a report on Monday, September 17th. UBS Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a report on Friday, September 14th. BMO Capital Markets increased their target price on JPMorgan Chase & Co. from $110.00 to $118.00 and gave the company a “market perform” rating in a report on Monday, July 16th. Finally, DZ Bank upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Eleven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $122.13.

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.

Further Reading: S&P 500 Index

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

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