Segall Bryant & Hamill LLC grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 20.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 593,547 shares of the financial services provider’s stock after acquiring an additional 99,965 shares during the period. JPMorgan Chase & Co. comprises approximately 0.9% of Segall Bryant & Hamill LLC’s holdings, making the stock its 10th biggest holding. Segall Bryant & Hamill LLC’s holdings in JPMorgan Chase & Co. were worth $61,848,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Financial Gravity Wealth Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at about $150,000. Fulcrum Capital LLC raised its holdings in shares of JPMorgan Chase & Co. by 835.3% in the first quarter. Fulcrum Capital LLC now owns 48,226 shares of the financial services provider’s stock valued at $5,303,000 after buying an additional 43,070 shares during the last quarter. Silvant Capital Management LLC purchased a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at about $10,399,000. Ceredex Value Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at about $104,422,000. Finally, ProVise Management Group LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.8% in the first quarter. ProVise Management Group LLC now owns 31,725 shares of the financial services provider’s stock valued at $3,489,000 after buying an additional 572 shares during the last quarter. 69.14% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Mellody L. Hobson bought 1,150 shares of the company’s stock in a transaction on Friday, October 19th. The stock was bought at an average cost of $108.94 per share, with a total value of $125,281.00. Following the completion of the acquisition, the director now owns 2,632 shares in the company, valued at approximately $286,730.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.73% of the company’s stock.
JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, October 12th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.10. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. The company had revenue of $27.26 billion during the quarter, compared to analysts’ expectations of $27.20 billion. During the same period last year, the company posted $1.76 earnings per share. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 9.26 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Friday, October 5th were issued a $0.80 dividend. The ex-dividend date of this dividend was Thursday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. This represents a $3.20 dividend on an annualized basis and a yield of 3.00%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 46.58%.
A number of equities research analysts have recently commented on JPM shares. Bank of America upped their target price on shares of JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a report on Monday, September 17th. BMO Capital Markets increased their price target on shares of JPMorgan Chase & Co. to $124.00 and gave the stock a “market perform” rating in a report on Monday, October 15th. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a report on Friday, September 14th. Vining Sparks reissued a “buy” rating and set a $125.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, October 12th. Finally, Goldman Sachs Group set a $130.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a report on Friday, October 12th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $123.49.
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About JPMorgan Chase & Co.
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.
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