J.W. Cole Advisors Inc. Has $34.93 Million Stock Position in JPMorgan Chase & Co. $JPM

J.W. Cole Advisors Inc. boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 28.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 120,483 shares of the financial services provider’s stock after purchasing an additional 26,531 shares during the quarter. JPMorgan Chase & Co. comprises 0.7% of J.W. Cole Advisors Inc.’s holdings, making the stock its 17th largest holding. J.W. Cole Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $34,929,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC lifted its position in shares of JPMorgan Chase & Co. by 609,867.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 72,897,211 shares of the financial services provider’s stock valued at $21,133,630,000 after acquiring an additional 72,885,260 shares during the period. Laurel Wealth Advisors LLC increased its stake in JPMorgan Chase & Co. by 28,813.7% in the second quarter. Laurel Wealth Advisors LLC now owns 16,785,584 shares of the financial services provider’s stock valued at $4,866,309,000 after purchasing an additional 16,727,530 shares in the last quarter. Nuveen LLC bought a new stake in JPMorgan Chase & Co. in the first quarter valued at $3,972,807,000. Montrusco Bolton Investments Inc. acquired a new position in shares of JPMorgan Chase & Co. during the second quarter valued at about $485,802,000. Finally, International Assets Investment Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the second quarter valued at about $458,104,000. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $307.84 on Wednesday. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $322.25. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. The business has a 50 day moving average price of $306.73 and a 200-day moving average price of $294.02. The company has a market cap of $838.02 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 1.84 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.83 by $0.24. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The company had revenue of $47.12 billion for the quarter, compared to analysts’ expectations of $44.42 billion. JPMorgan Chase & Co.’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.37 earnings per share. Equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 6th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Monday, October 6th. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s payout ratio is presently 29.72%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Royal Bank Of Canada restated a “buy” rating and issued a $343.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 14th. Dbs Bank upgraded JPMorgan Chase & Co. to a “hold” rating in a report on Tuesday, October 21st. Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $336.00 to $338.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 15th. KGI Securities upped their target price on JPMorgan Chase & Co. from $300.00 to $315.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Finally, Evercore ISI increased their target price on JPMorgan Chase & Co. from $309.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Fifteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $326.38.

Insider Activity

In related news, insider Robin Leopold sold 966 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $311.92, for a total transaction of $301,314.72. Following the transaction, the insider directly owned 58,479 shares of the company’s stock, valued at $18,240,769.68. This trade represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.