Garde Capital Inc. Takes Position in JPMorgan Chase & Co. (NYSE:JPM)

Garde Capital Inc. purchased a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,128 shares of the financial services provider’s stock, valued at approximately $200,000.

Other hedge funds have also added to or reduced their stakes in the company. Miramar Capital LLC boosted its position in JPMorgan Chase & Co. by 1.2% during the first quarter. Miramar Capital LLC now owns 50,897 shares of the financial services provider’s stock worth $4,582,000 after acquiring an additional 596 shares during the last quarter. J. W. Coons Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the first quarter worth approximately $3,002,000. Wetherby Asset Management Inc. boosted its position in JPMorgan Chase & Co. by 2.0% during the first quarter. Wetherby Asset Management Inc. now owns 67,421 shares of the financial services provider’s stock worth $6,070,000 after acquiring an additional 1,312 shares during the last quarter. Colonial Trust Advisors boosted its position in JPMorgan Chase & Co. by 2.8% during the first quarter. Colonial Trust Advisors now owns 102,938 shares of the financial services provider’s stock worth $9,267,000 after acquiring an additional 2,795 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in JPMorgan Chase & Co. by 2.2% during the first quarter. New York State Common Retirement Fund now owns 7,739,442 shares of the financial services provider’s stock worth $696,782,000 after acquiring an additional 163,740 shares during the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 24,554 shares of the firm’s stock in a transaction on Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total transaction of $2,443,614.08. 0.78% of the stock is owned by company insiders.

JPMorgan Chase & Co. stock traded up $0.42 during midday trading on Wednesday, hitting $99.70. 19,257,826 shares of the stock were exchanged, compared to its average volume of 20,919,377. JPMorgan Chase & Co. has a 1 year low of $76.91 and a 1 year high of $141.10. The firm has a market cap of $302.57 billion, a P/E ratio of 13.57, a P/E/G ratio of 3.39 and a beta of 1.16. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.88 and a quick ratio of 0.88. The company has a 50 day moving average price of $100.06 and a two-hundred day moving average price of $97.29.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.04. The firm had revenue of $32.98 billion for the quarter, compared to the consensus estimate of $30.23 billion. JPMorgan Chase & Co. had a net margin of 18.16% and a return on equity of 10.75%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.82 EPS. As a group, analysts predict that JPMorgan Chase & Co. will post 5.96 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.61%. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.

JPM has been the topic of a number of analyst reports. Morgan Stanley restated a “buy” rating and set a $106.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 27th. Seaport Global Securities initiated coverage on shares of JPMorgan Chase & Co. in a report on Wednesday, July 8th. They issued a “buy” rating and a $119.00 price target on the stock. Berenberg Bank lifted their price target on shares of JPMorgan Chase & Co. from $77.00 to $80.00 and gave the company a “sell” rating in a report on Monday, July 20th. BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $108.00 to $119.00 in a report on Wednesday, July 15th. Finally, Goldman Sachs Group upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Friday, July 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $111.37.

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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