JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Capital Advisors Inc. OK

Capital Advisors Inc. OK grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 25.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 253,940 shares of the financial services provider’s stock after purchasing an additional 50,968 shares during the period. Capital Advisors Inc. OK’s holdings in JPMorgan Chase & Co. were worth $24,693,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in JPM. Capital World Investors grew its stake in shares of JPMorgan Chase & Co. by 9.9% in the 1st quarter. Capital World Investors now owns 91,033,221 shares of the financial services provider’s stock valued at $8,195,754,000 after purchasing an additional 8,187,609 shares during the period. Nordea Investment Management AB grew its stake in shares of JPMorgan Chase & Co. by 101.0% in the 2nd quarter. Nordea Investment Management AB now owns 8,992,678 shares of the financial services provider’s stock valued at $840,726,000 after purchasing an additional 4,518,458 shares during the period. Viking Global Investors LP bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $367,801,000. Laidlaw Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. by 20,306.8% in the 2nd quarter. Laidlaw Wealth Management LLC now owns 2,810,830 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 2,797,056 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 16.8% in the 1st quarter. Franklin Resources Inc. now owns 17,879,346 shares of the financial services provider’s stock worth $1,609,696,000 after acquiring an additional 2,566,973 shares in the last quarter. 69.35% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Mary E. Erdoes sold 24,554 shares of the firm’s stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total value of $2,443,614.08. 0.78% of the stock is owned by company insiders.

Several brokerages have recently commented on JPM. Morgan Stanley reissued a “buy” rating and issued a $106.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 27th. Oppenheimer reissued a “hold” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. Deutsche Bank raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price objective for the stock from $105.00 to $115.00 in a report on Thursday, September 3rd. Odeon Capital Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $105.75 price objective on the stock in a report on Wednesday, May 20th. Finally, Credit Suisse Group set a $122.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Monday, May 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the stock. JPMorgan Chase & Co. presently has an average rating of “Buy” and an average target price of $111.37.

Shares of NYSE JPM traded down $3.19 during mid-day trading on Tuesday, hitting $99.28. The company had a trading volume of 23,645,082 shares, compared to its average volume of 20,928,539. The company has a market capitalization of $312.29 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 3.39 and a beta of 1.16. The firm has a 50-day simple moving average of $99.98 and a two-hundred day simple moving average of $97.41. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.35. JPMorgan Chase & Co. has a one year low of $76.91 and a one year high of $141.10.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.04. The company had revenue of $32.98 billion during the quarter, compared to analysts’ expectations of $30.23 billion. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. JPMorgan Chase & Co.’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.82 EPS. Sell-side analysts expect that JPMorgan Chase & Co. will post 5.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 3.63%. JPMorgan Chase & Co.’s payout ratio is 34.35%.

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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