Bank Hapoalim BM Has $5.08 Million Stake in JPMorgan Chase & Co. $JPM

Bank Hapoalim BM decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 8.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,527 shares of the financial services provider's stock after selling 1,581 shares during the period. Bank Hapoalim BM's holdings in JPMorgan Chase & Co. were worth $5,081,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in JPM. AMF Tjanstepension AB increased its position in shares of JPMorgan Chase & Co. by 29.9% during the second quarter. AMF Tjanstepension AB now owns 760,777 shares of the financial services provider's stock worth $220,642,000 after acquiring an additional 175,324 shares in the last quarter. Sava Infond d.o.o. boosted its stake in shares of JPMorgan Chase & Co. by 7.9% in the 2nd quarter. Sava Infond d.o.o. now owns 30,725 shares of the financial services provider's stock worth $8,907,000 after buying an additional 2,250 shares during the last quarter. LGT Fund Management Co Ltd. grew its position in shares of JPMorgan Chase & Co. by 57.6% during the 2nd quarter. LGT Fund Management Co Ltd. now owns 54,715 shares of the financial services provider's stock valued at $15,862,000 after acquiring an additional 19,993 shares during the period. Quent Capital LLC grew its position in shares of JPMorgan Chase & Co. by 4.4% during the 2nd quarter. Quent Capital LLC now owns 13,800 shares of the financial services provider's stock valued at $4,001,000 after acquiring an additional 576 shares during the period. Finally, Hennessy Advisors Inc. lifted its stake in shares of JPMorgan Chase & Co. by 9.1% during the 2nd quarter. Hennessy Advisors Inc. now owns 6,000 shares of the financial services provider's stock valued at $1,739,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the transaction, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.47% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $301.12 on Friday. The company has a 50 day moving average price of $301.61 and a 200-day moving average price of $276.60. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $828.00 billion, a PE ratio of 15.45, a P/E/G ratio of 1.97 and a beta of 1.13. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.48 by $0.48. The company had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The firm's quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $6.12 earnings per share. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be given a $1.50 dividend. The ex-dividend date is Monday, October 6th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 30.79%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on JPM. Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Phillip Securities lowered shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. Bank of America raised their price target on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. HSBC reissued a "reduce" rating and issued a $259.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Finally, Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Fourteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and a consensus target price of $313.89.

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.

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