JPMorgan Chase & Co. $JPM Shares Acquired by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 57.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,715 shares of the financial services provider's stock after buying an additional 19,993 shares during the period. JPMorgan Chase & Co. makes up about 1.4% of LGT Fund Management Co Ltd.'s holdings, making the stock its 18th biggest holding. LGT Fund Management Co Ltd.'s holdings in JPMorgan Chase & Co. were worth $15,862,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Quent Capital LLC increased its holdings 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 worth $4,001,000 after buying an additional 576 shares during the last quarter. Hennessy Advisors Inc. increased its holdings in JPMorgan Chase & Co. by 9.1% in the 2nd quarter. Hennessy Advisors Inc. now owns 6,000 shares of the financial services provider's stock valued at $1,739,000 after purchasing an additional 500 shares in the last quarter. AIFG Consultants Ltd. increased its holdings in JPMorgan Chase & Co. by 33.0% in the 2nd quarter. AIFG Consultants Ltd. now owns 1,560 shares of the financial services provider's stock valued at $452,000 after purchasing an additional 387 shares in the last quarter. QRG Capital Management Inc. increased its holdings in JPMorgan Chase & Co. by 7.4% in the 2nd quarter. QRG Capital Management Inc. now owns 561,209 shares of the financial services provider's stock valued at $162,700,000 after purchasing an additional 38,718 shares in the last quarter. Finally, Wallington Asset Management LLC increased its holdings in JPMorgan Chase & Co. by 1.3% in the 2nd quarter. Wallington Asset Management LLC now owns 4,987 shares of the financial services provider's stock valued at $1,446,000 after purchasing an additional 64 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction dated 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 transaction, the director owned 82,207 shares of the company's stock, valued at $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on JPM shares. Weiss Ratings reiterated a "buy (b+)" rating on shares of JPMorgan Chase & Co. in a report on Wednesday. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Bank of America increased their price target on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Robert W. Baird downgraded JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target for the company. in a report on Friday, June 27th. Finally, Evercore ISI increased their price target on JPMorgan Chase & Co. from $309.00 to $330.00 and gave the company an "outperform" rating in a report on Tuesday, September 30th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $313.89.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $301.12 on Friday. 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's 50-day moving average price is $301.61 and its two-hundred day moving average price is $276.60. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $318.01. The stock has a market capitalization of $828.00 billion, a P/E ratio of 15.45, a P/E/G ratio of 1.97 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The firm had revenue of $44.91 billion for the quarter, compared to analysts' expectations of $43.76 billion. During the same quarter last year, the company posted $6.12 earnings per share. JPMorgan Chase & Co.'s revenue was down 10.5% on a year-over-year basis. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be issued a $1.50 dividend. 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 yield of 2.0%. The ex-dividend date of this dividend is Monday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio is 30.79%.

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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