JPMorgan Chase & Co. (NYSE:JPM) is Buckley Wealth Management LLC’s 6th Largest Position

Buckley Wealth Management LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,833 shares of the financial services provider’s stock after selling 1,862 shares during the period. JPMorgan Chase & Co. accounts for 3.6% of Buckley Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding. Buckley Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $7,277,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Morgan Stanley grew its position in shares of JPMorgan Chase & Co. by 5.8% during the 2nd quarter. Morgan Stanley now owns 35,662,949 shares of the financial services provider’s stock valued at $3,987,118,000 after acquiring an additional 1,952,873 shares during the period. Invesco Ltd. grew its position in shares of JPMorgan Chase & Co. by 39.8% during the 2nd quarter. Invesco Ltd. now owns 23,689,706 shares of the financial services provider’s stock valued at $2,648,509,000 after acquiring an additional 6,745,215 shares during the period. Nuveen Asset Management LLC grew its position in shares of JPMorgan Chase & Co. by 2,432.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 23,689,599 shares of the financial services provider’s stock valued at $2,648,497,000 after acquiring an additional 22,754,332 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of JPMorgan Chase & Co. by 1.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 15,021,076 shares of the financial services provider’s stock valued at $1,679,357,000 after acquiring an additional 275,854 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in shares of JPMorgan Chase & Co. by 2.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 11,155,325 shares of the financial services provider’s stock valued at $1,247,165,000 after acquiring an additional 272,685 shares during the period. Hedge funds and other institutional investors own 71.89% of the company’s stock.

A number of research analysts have recently weighed in on the stock. Morgan Stanley set a $122.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Friday, August 9th. Buckingham Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 target price for the company. in a research report on Monday, September 16th. They noted that the move was a valuation call. Credit Suisse Group set a $135.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Friday. Goldman Sachs Group reissued a “neutral” rating and set a $117.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 22nd. Finally, ValuEngine raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. JPMorgan Chase & Co. has a consensus rating of “Hold” and an average price target of $122.59.

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 shares were sold at an average price of $114.28, for a total value of $1,524,609.48. Following the completion of the transaction, the insider now directly owns 10,130 shares of the company’s stock, valued at approximately $1,157,656.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mellody L. Hobson acquired 18,200 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost of $109.91 per share, with a total value of $2,000,362.00. Following the completion of the acquisition, the director now owns 7,804 shares in the company, valued at approximately $857,737.64. The disclosure for this purchase can be found here. 0.76% of the stock is currently owned by company insiders.

JPM opened at $116.14 on Friday. The company has a 50 day moving average of $114.14 and a 200 day moving average of $111.46. The company has a market cap of $371.36 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 1.62 and a beta of 1.20. JPMorgan Chase & Co. has a 12 month low of $91.11 and a 12 month high of $120.40. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.32. The company had revenue of $28.83 billion during the quarter, compared to the consensus estimate of $28.52 billion. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. JPMorgan Chase & Co.’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $2.29 EPS. Research analysts forecast that JPMorgan Chase & Co. will post 9.89 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be issued a $0.90 dividend. The ex-dividend date is Thursday, October 3rd. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 3.10%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 40.00%.

JPMorgan Chase & Co. Company 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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