Partnervest Advisory Services LLC Grows Position in JPMorgan Chase & Co. (JPM)

Partnervest Advisory Services LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.5% in the 2nd quarter, Holdings Channel reports. The firm owned 25,154 shares of the financial services provider’s stock after purchasing an additional 1,320 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.2% of Partnervest Advisory Services LLC’s portfolio, making the stock its 12th biggest holding. Partnervest Advisory Services LLC’s holdings in JPMorgan Chase & Co. were worth $2,621,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Torch Wealth Management LLC raised its holdings in JPMorgan Chase & Co. by 1.7% in the 2nd quarter. Torch Wealth Management LLC now owns 27,374 shares of the financial services provider’s stock valued at $2,852,000 after acquiring an additional 451 shares in the last quarter. Wells Trecaso Financial Group LLC increased its stake in shares of JPMorgan Chase & Co. by 0.8% in the 2nd quarter. Wells Trecaso Financial Group LLC now owns 59,884 shares of the financial services provider’s stock valued at $6,240,000 after purchasing an additional 452 shares during the last quarter. SevenBridge Financial Group LLC increased its stake in shares of JPMorgan Chase & Co. by 1.4% in the 1st quarter. SevenBridge Financial Group LLC now owns 32,749 shares of the financial services provider’s stock valued at $3,517,000 after purchasing an additional 459 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA increased its stake in shares of JPMorgan Chase & Co. by 5.3% in the 2nd quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 9,078 shares of the financial services provider’s stock valued at $946,000 after purchasing an additional 460 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its stake in shares of JPMorgan Chase & Co. by 3.4% in the 1st quarter. Sunbelt Securities Inc. now owns 13,919 shares of the financial services provider’s stock valued at $1,531,000 after purchasing an additional 462 shares during the last quarter. 70.36% of the stock is owned by institutional investors and hedge funds.

JPM has been the topic of several recent analyst reports. Vining Sparks reiterated a “buy” rating and issued a $125.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, October 12th. Bank of America lifted their price target on JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a research note on Monday, September 17th. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research note on Friday, September 14th. Wells Fargo & Co set a $130.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Thursday. Finally, BMO Capital Markets lifted their price target on JPMorgan Chase & Co. to $124.00 and gave the company a “market perform” rating in a research note on Monday, October 15th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. JPMorgan Chase & Co. has a consensus rating of “Buy” and an average price target of $123.59.

In other news, Director Mellody L. Hobson acquired 1,150 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, October 19th. The shares were acquired at an average price of $108.94 per share, for a total transaction of $125,281.00. Following the transaction, the director now directly owns 2,632 shares of the company’s stock, valued at approximately $286,730.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.73% of the company’s stock.

Shares of JPM stock opened at $109.99 on Friday. The firm has a market cap of $377.48 billion, a P/E ratio of 12.56, a PEG ratio of 1.78 and a beta of 1.13. JPMorgan Chase & Co. has a twelve month low of $97.57 and a twelve month high of $119.33. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.01 and a current ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.10. The business had revenue of $27.26 billion for the quarter, compared to analyst estimates of $27.20 billion. JPMorgan Chase & Co. had a return on equity of 13.90% and a net margin of 23.39%. During the same quarter in the previous year, the company posted $1.76 EPS. Equities research analysts expect that JPMorgan Chase & Co. will post 9.26 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, October 5th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $3.20 dividend on an annualized basis and a yield of 2.91%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. JPMorgan Chase & Co.’s payout ratio is currently 46.58%.

TRADEMARK VIOLATION WARNING: “Partnervest Advisory Services LLC Grows Position in JPMorgan Chase & Co. (JPM)” was first posted by WKRB News and is owned by of WKRB News. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://www.wkrb13.com/2018/11/18/partnervest-advisory-services-llc-grows-position-in-jpmorgan-chase-co-jpm.html.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

Recommended Story: What is a bull market?

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply