Autus Asset Management LLC Has $7.62 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Autus Asset Management LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 8.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,158 shares of the financial services provider’s stock after purchasing an additional 5,143 shares during the quarter. Autus Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $7,620,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Smart Portfolios LLC lifted its stake in JPMorgan Chase & Co. by 29.6% during the fourth quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock valued at $49,000 after buying an additional 114 shares in the last quarter. Semmax Financial Advisors Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $56,000. D Orazio & Associates Inc. increased its holdings in shares of JPMorgan Chase & Co. by 62.6% in the 4th quarter. D Orazio & Associates Inc. now owns 779 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 300 shares during the period. QV Investors Inc. increased its holdings in shares of JPMorgan Chase & Co. by 9.1% in the 4th quarter. QV Investors Inc. now owns 1,315 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 110 shares during the period. Finally, Rocky Mountain Advisers LLC increased its holdings in shares of JPMorgan Chase & Co. by 143.4% in the 4th quarter. Rocky Mountain Advisers LLC now owns 1,358 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 800 shares during the period. 71.59% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently commented on JPM shares. Royal Bank of Canada restated a “buy” rating and issued a $120.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, July 16th. Goldman Sachs Group restated a “neutral” rating and issued a $117.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. ValuEngine downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Finally, Deutsche Bank reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $122.32.

In related news, EVP Peter Scher sold 10,816 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $115.00, for a total value of $1,243,840.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mellody L. Hobson bought 18,200 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $109.91 per share, with a total value of $2,000,362.00. Following the completion of the transaction, the director now owns 7,804 shares of the company’s stock, valued at $857,737.64. The disclosure for this purchase can be found here. 0.76% of the stock is currently owned by corporate insiders.

Shares of JPMorgan Chase & Co. stock opened at $105.20 on Friday. JPMorgan Chase & Co. has a 12-month low of $91.11 and a 12-month high of $119.24. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $349.61 billion, a P/E ratio of 11.69, a PEG ratio of 1.57 and a beta of 1.16. The stock has a 50 day moving average price of $112.78 and a two-hundred day moving average price of $108.93.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The company had revenue of $28.83 billion during the quarter, compared to analysts’ expectations of $28.52 billion. During the same period in the prior year, the business earned $2.29 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 3.9% compared to the same quarter last year. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 9.94 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th were given a $0.80 dividend. The ex-dividend date was Wednesday, July 3rd. This represents a $3.20 annualized dividend and a dividend yield of 3.04%. JPMorgan Chase & Co.’s dividend payout ratio is 35.56%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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