4,010 Shares in JPMorgan Chase & Co. (NYSE:JPM) Bought by Westside Investment Management Inc.

Westside Investment Management Inc. acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 4,010 shares of the financial services provider’s stock, valued at approximately $22,413,000.

Other hedge funds have also made changes to their positions in the company. Rhumbline Advisers increased its holdings in JPMorgan Chase & Co. by 0.5% in the 4th quarter. Rhumbline Advisers now owns 5,870,204 shares of the financial services provider’s stock worth $573,049,000 after purchasing an additional 31,681 shares in the last quarter. Fisher Asset Management LLC increased its holdings in JPMorgan Chase & Co. by 4.0% in the 4th quarter. Fisher Asset Management LLC now owns 5,426,978 shares of the financial services provider’s stock worth $529,782,000 after purchasing an additional 208,780 shares in the last quarter. Thoroughbred Financial Services LLC increased its holdings in JPMorgan Chase & Co. by 11,601.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 4,973,970 shares of the financial services provider’s stock worth $497,397,000 after purchasing an additional 4,931,461 shares in the last quarter. Sanders Capital LLC increased its holdings in JPMorgan Chase & Co. by 2.8% in the 2nd quarter. Sanders Capital LLC now owns 4,393,517 shares of the financial services provider’s stock worth $548,947,000 after purchasing an additional 119,356 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in JPMorgan Chase & Co. by 2.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 4,263,000 shares of the financial services provider’s stock worth $416,154,000 after purchasing an additional 100,000 shares in the last quarter. Institutional investors and hedge funds own 71.52% of the company’s stock.

In related news, insider Lori A. Beer sold 13,341 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the completion of the sale, the insider now owns 10,130 shares of the company’s stock, valued at $1,157,656.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mellody L. Hobson bought 18,200 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $109.91 per share, with a total value of $2,000,362.00. Following the purchase, the director now directly owns 7,804 shares of the company’s stock, valued at $857,737.64. The disclosure for this purchase can be found here. Company insiders own 0.76% of the company’s stock.

A number of brokerages have issued reports on JPM. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $117.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. Royal Bank of Canada reissued a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 16th. Zacks Investment Research cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. BMO Capital Markets increased their price target on JPMorgan Chase & Co. from $116.00 to $118.00 and gave the company a “market perform” rating in a research note on Monday, April 15th. Finally, Morgan Stanley increased their price target on JPMorgan Chase & Co. from $124.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average target price of $122.94.

NYSE JPM traded down $1.31 during trading hours on Friday, hitting $108.55. 2,243,471 shares of the company’s stock were exchanged, compared to its average volume of 11,560,901. The firm has a 50-day moving average of $112.97. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $119.24. The stock has a market cap of $358.23 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 1.59 and a beta of 1.16. The company has a current ratio of 0.97, a quick ratio of 1.00 and a debt-to-equity ratio of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, July 16th. The financial services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a return on equity of 14.41% and a net margin of 24.73%. The business had revenue of $28.83 billion during the quarter, compared to analysts’ expectations of $28.52 billion. During the same quarter last year, the firm posted $2.29 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 9.92 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $3.20 annualized dividend and a yield of 2.95%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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