Royal Bank of Scotland Group PLC Has $7.72 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Royal Bank of Scotland Group PLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 49.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,021 shares of the financial services provider’s stock after buying an additional 22,742 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.4% of Royal Bank of Scotland Group PLC’s portfolio, making the stock its 20th largest position. Royal Bank of Scotland Group PLC’s holdings in JPMorgan Chase & Co. were worth $7,717,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in JPM. BKD Wealth Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 3.4% in the 4th quarter. BKD Wealth Advisors LLC now owns 45,053 shares of the financial services provider’s stock valued at $4,398,000 after acquiring an additional 1,500 shares during the period. Advisors Capital Management LLC raised its stake in shares of JPMorgan Chase & Co. by 3.8% in the 4th quarter. Advisors Capital Management LLC now owns 185,300 shares of the financial services provider’s stock valued at $18,089,000 after acquiring an additional 6,847 shares during the period. Bowling Portfolio Management LLC raised its stake in shares of JPMorgan Chase & Co. by 34.2% in the 4th quarter. Bowling Portfolio Management LLC now owns 54,713 shares of the financial services provider’s stock valued at $5,341,000 after acquiring an additional 13,933 shares during the period. Howard Capital Management raised its stake in shares of JPMorgan Chase & Co. by 0.7% in the 4th quarter. Howard Capital Management now owns 151,110 shares of the financial services provider’s stock valued at $14,751,000 after acquiring an additional 1,122 shares during the period. Finally, Capital Investment Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 2.4% in the 4th quarter. Capital Investment Advisors LLC now owns 70,886 shares of the financial services provider’s stock valued at $6,920,000 after acquiring an additional 1,663 shares during the period. 71.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of JPM opened at $109.74 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $119.24. The business’s 50 day simple moving average is $112.96. The stock has a market cap of $345.42 billion, a P/E ratio of 12.19, a P/E/G ratio of 1.56 and a beta of 1.16. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.00 and a current ratio of 0.97.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The firm had revenue of $28.83 billion for the quarter, compared to the consensus estimate of $28.52 billion. During the same period in the prior year, the firm earned $2.29 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, research analysts predict that JPMorgan Chase & Co. will post 9.92 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Wednesday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 13,341 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the completion of the transaction, the insider now owns 10,130 shares in the company, valued at approximately $1,157,656.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mellody L. Hobson purchased 18,200 shares of the stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $109.91 per share, with a total value of $2,000,362.00. Following the acquisition, the director now directly owns 7,804 shares in the company, valued at $857,737.64. The disclosure for this purchase can be found here. Insiders own 0.76% of the company’s stock.

Several brokerages recently weighed in on JPM. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Deutsche Bank reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Friday, June 28th. Morgan Stanley upped their target price on shares of JPMorgan Chase & Co. from $124.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. BMO Capital Markets upped their target price on shares of JPMorgan Chase & Co. from $116.00 to $118.00 and gave the stock a “market perform” rating in a research note on Monday, April 15th. Finally, ValuEngine downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. JPMorgan Chase & Co. has an average rating of “Hold” and a consensus price target of $122.94.

JPMorgan Chase & Co. Profile

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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