JPMorgan Chase & Co. (JPM) Shares Bought by Cadinha & Co. LLC

Cadinha & Co. LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 144,530 shares of the financial services provider’s stock after buying an additional 3,146 shares during the quarter. JPMorgan Chase & Co. makes up about 2.8% of Cadinha & Co. LLC’s holdings, making the stock its 15th largest holding. Cadinha & Co. LLC’s holdings in JPMorgan Chase & Co. were worth $15,060,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Quad Cities Investment Group LLC acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $124,000. Ballew Advisors Inc grew its position in shares of JPMorgan Chase & Co. by 104.2% in the 2nd quarter. Ballew Advisors Inc now owns 1,213 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 619 shares during the period. Financial Gravity Wealth Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $150,000. Stelac Advisory Services LLC acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $162,000. Finally, TradeLink Capital LLC acquired a new position in JPMorgan Chase & Co. during the 2nd quarter worth approximately $179,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

In related news, Director Mellody L. Hobson acquired 1,150 shares of the company’s stock in a transaction dated Friday, October 19th. The shares were bought at an average price of $108.94 per share, for a total transaction of $125,281.00. Following the purchase, the director now directly owns 2,632 shares in the company, valued at approximately $286,730.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.73% of the company’s stock.

A number of equities analysts have weighed in on the company. Zacks Investment Research raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research report on Thursday. Wells Fargo & Co set a $130.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Thursday, November 15th. BMO Capital Markets upped their price target on JPMorgan Chase & Co. to $124.00 and gave the stock a “market perform” rating in a research report on Monday, October 15th. Bank of America set a $132.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Sunday, October 14th. Finally, Vining Sparks reaffirmed a “buy” rating and set a $125.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, October 12th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $123.49.

Shares of JPMorgan Chase & Co. stock opened at $107.64 on Friday. JPMorgan Chase & Co. has a 12-month low of $97.93 and a 12-month high of $119.33. The company has a market cap of $372.20 billion, a PE ratio of 15.67, a P/E/G ratio of 1.76 and a beta of 1.13. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.17.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Friday, October 5th were paid 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 dividend yield of 2.97%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. JPMorgan Chase & Co.’s dividend payout ratio is currently 46.58%.

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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.

Further Reading: The risks of owning bonds

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)

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