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JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Sargent Bickham Lagudis LLC


Sargent Bickham Lagudis LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,244 shares of the financial services provider’s stock after purchasing an additional 1,236 shares during the quarter. Sargent Bickham Lagudis LLC’s holdings in JPMorgan Chase & Co. were worth $6,849,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Greenleaf Trust boosted its stake in JPMorgan Chase & Co. by 12.7% during the 1st quarter. Greenleaf Trust now owns 73,705 shares of the financial services provider’s stock worth $10,047,000 after purchasing an additional 8,330 shares during the last quarter. ARGI Investment Services LLC raised its holdings in shares of JPMorgan Chase & Co. by 7.2% during the 1st quarter. ARGI Investment Services LLC now owns 32,751 shares of the financial services provider’s stock worth $4,465,000 after acquiring an additional 2,206 shares during the period. Greatmark Investment Partners Inc. raised its holdings in shares of JPMorgan Chase & Co. by 4.0% during the 1st quarter. Greatmark Investment Partners Inc. now owns 5,510 shares of the financial services provider’s stock worth $751,000 after acquiring an additional 210 shares during the period. Patron Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 3.4% during the 1st quarter. Patron Partners LLC now owns 3,682 shares of the financial services provider’s stock worth $501,000 after acquiring an additional 120 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in shares of JPMorgan Chase & Co. by 1.4% during the 1st quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 171,209 shares of the financial services provider’s stock worth $23,339,000 after acquiring an additional 2,351 shares during the period. Institutional investors and hedge funds own 70.35% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Ashley Bacon sold 21,012 shares of the business’s stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the completion of the transaction, the insider now directly owns 178,588 shares of the company’s stock, valued at $23,223,583.52. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on JPM. The Goldman Sachs Group set a $151.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Thursday, April 14th. Citigroup upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $145.00 to $135.00 in a report on Tuesday, July 12th. Jefferies Financial Group reduced their price objective on shares of JPMorgan Chase & Co. from $137.00 to $126.00 and set a “hold” rating on the stock in a report on Monday, July 11th. Barclays reduced their price objective on shares of JPMorgan Chase & Co. from $200.00 to $162.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Oppenheimer reduced their price objective on shares of JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $143.95.

JPMorgan Chase & Co. Stock Up 4.6 %

Shares of NYSE:JPM opened at $112.95 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.82. The firm has a market capitalization of $331.74 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 1.91 and a beta of 1.15. The firm’s 50-day moving average is $119.34 and its two-hundred day moving average is $134.34. JPMorgan Chase & Co. has a 1 year low of $106.06 and a 1 year high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.76. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The company had revenue of $30.72 billion for the quarter, compared to analyst estimates of $31.82 billion. During the same period in the prior year, the firm earned $3.78 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. Analysts predict that JPMorgan Chase & Co. will post 11.3 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 32.10%.

About JPMorgan Chase & Co.

(Get Rating)

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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

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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:JPMGet Rating).

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



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