Leith Wheeler Investment Counsel Ltd. Raises Holdings in JPMorgan Chase & Co. $JPM

Leith Wheeler Investment Counsel Ltd. boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 605.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 535,078 shares of the financial services provider's stock after acquiring an additional 459,201 shares during the quarter. JPMorgan Chase & Co. comprises about 9.1% of Leith Wheeler Investment Counsel Ltd.'s investment portfolio, making the stock its 3rd biggest position. Leith Wheeler Investment Counsel Ltd.'s holdings in JPMorgan Chase & Co. were worth $155,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock valued at $11,682,000 after buying an additional 4,841 shares during the period. GAMMA Investing LLC grew its stake in shares of JPMorgan Chase & Co. by 5.8% during the first quarter. GAMMA Investing LLC now owns 96,029 shares of the financial services provider's stock valued at $23,556,000 after buying an additional 5,296 shares during the last quarter. Ironwood Wealth Management LLC. grew its stake in shares of JPMorgan Chase & Co. by 0.7% during the first quarter. Ironwood Wealth Management LLC. now owns 15,400 shares of the financial services provider's stock valued at $3,778,000 after buying an additional 107 shares during the last quarter. Acorns Advisers LLC grew its stake in shares of JPMorgan Chase & Co. by 6.9% during the first quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider's stock valued at $379,000 after buying an additional 100 shares during the last quarter. Finally, Monte Financial Group LLC grew its stake in shares of JPMorgan Chase & Co. by 4.4% during the first quarter. Monte Financial Group LLC now owns 8,555 shares of the financial services provider's stock valued at $1,984,000 after buying an additional 357 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

JPM has been the topic of a number of analyst reports. Phillip Securities cut JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 16th. HSBC reaffirmed a "reduce" rating and set a $259.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. KGI Securities upped their target price on JPMorgan Chase & Co. from $300.00 to $315.00 and gave the company a "hold" rating in a research note on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft upped their target price on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a "hold" rating in a research note on Tuesday, September 30th. Finally, Royal Bank Of Canada reiterated a "buy" rating and issued a $343.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and an average target price of $322.86.

Insider Buying and Selling

In related news, Director Linda Bammann sold 9,500 shares of the business'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 owned 82,207 shares of the company's stock, valued at $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.47% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $293.83 on Thursday. The company has a market capitalization of $807.96 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 1.79 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. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. The firm has a 50 day moving average of $303.23 and a 200 day moving average of $279.98.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, topping analysts' consensus estimates of $4.83 by $0.24. The company had revenue of $46.43 billion during the quarter, compared to the consensus estimate of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. JPMorgan Chase & Co.'s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.37 earnings per share. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Monday, October 6th. JPMorgan Chase & Co.'s payout ratio is presently 29.72%.

JPMorgan Chase & Co. Company 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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