Woodward Diversified Capital LLC Has $3.41 Million Position in JPMorgan Chase & Co. $JPM

Woodward Diversified Capital LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 46.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,752 shares of the financial services provider's stock after purchasing an additional 3,720 shares during the quarter. JPMorgan Chase & Co. makes up about 1.7% of Woodward Diversified Capital LLC's investment portfolio, making the stock its 10th largest holding. Woodward Diversified Capital LLC's holdings in JPMorgan Chase & Co. were worth $3,407,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of JPM. Kingstone Capital Partners Texas LLC boosted its position in shares of JPMorgan Chase & Co. by 609,867.5% in the second quarter. Kingstone Capital Partners Texas LLC now owns 72,897,211 shares of the financial services provider's stock worth $21,133,630,000 after purchasing an additional 72,885,260 shares during the period. Nuveen LLC bought a new position in shares of JPMorgan Chase & Co. in the first quarter worth approximately $3,972,807,000. National Bank of Canada FI lifted its holdings in shares of JPMorgan Chase & Co. by 44.4% in the first quarter. National Bank of Canada FI now owns 4,518,740 shares of the financial services provider's stock worth $1,108,415,000 after buying an additional 1,388,992 shares in the last quarter. Strs Ohio purchased a new position in shares of JPMorgan Chase & Co. in the first quarter worth $279,389,000. Finally, Alecta Tjanstepension Omsesidigt purchased a new position in shares of JPMorgan Chase & Co. in the first quarter worth $278,493,000. 71.55% of the stock is currently owned by institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the stock in a transaction 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 sale, the director owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.47% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on JPM shares. Morgan Stanley boosted their target price on shares of JPMorgan Chase & Co. from $298.00 to $336.00 and gave the stock an "equal weight" rating in a report on Monday, September 29th. Bank of America boosted their target price 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. UBS Group boosted their target price on shares of JPMorgan Chase & Co. from $339.00 to $350.00 and gave the stock a "buy" rating in a report on Tuesday. Phillip Securities downgraded shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. Finally, Zacks Research downgraded shares of JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. Fifteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $309.95.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $307.61 on Wednesday. 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 0.88 and a debt-to-equity ratio of 1.25. The company has a fifty day simple moving average of $301.10 and a two-hundred day simple moving average of $275.67. The firm has a market capitalization of $845.85 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating the consensus estimate 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 business had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same quarter last year, the business earned $6.12 earnings per share. JPMorgan Chase & Co.'s quarterly revenue was down 10.5% compared to the same quarter last year. Analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

About JPMorgan Chase & Co.

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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