Fagan Associates Inc. holds an $8.63 million position in JPMorgan Chase & Co. (NYSE: JPM)

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Fagan Associates Inc. increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund held 63,298 shares of the financial services provider after acquiring an additional 519 shares during the quarter. JPMorgan Chase & Co. accounts for 1.8% of Fagan Associates Inc.’s portfolio, making the stock its 16th-largest position. Fagan Associates Inc.’s holdings in JPMorgan Chase & Co. were worth $8,629,000 when it last filed with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirador Capital Partners LP increased its stake in JPMorgan Chase & Co. by 1.9% in the first quarter. Mirador Capital Partners LP now owns 53,992 shares of the financial services provider valued at $7,360,000 after acquiring 985 additional shares in the last quarter. Horizon Family Wealth Inc. increased its stake in JPMorgan Chase & Co. by 84.1% in the first quarter. Horizon Family Wealth Inc. now owns 4,211 shares of the financial services provider valued at $574,000 after acquiring 1,924 additional shares in the last quarter. Buckley Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 3.0% in the first quarter. Buckley Wealth Management LLC now owns 57,680 shares of the financial services provider valued at $7,863,000 after acquiring 1,663 additional shares in the last quarter. Sunburst Financial Group LLC increased its stake in JPMorgan Chase & Co. by 10.6% in the first quarter. Sunburst Financial Group LLC now owns 4,049 shares of the financial services provider valued at $552,000 after acquiring 388 additional shares in the last quarter. Finally, SFE Investment Counsel increased its stake in JPMorgan Chase & Co. by 7.3% in the first quarter. SFE Investment Counsel now owns 70,417 shares of the financial services provider valued at $9,599,000 after acquiring 4,814 additional shares in the last quarter. 70.35% of the shares are held by institutional investors.

JPMorgan Chase & Co. stock performance

Shares of JPM opened at $115.76 on Friday. The company has a market capitalization of $339.47 billion, a price/earnings ratio of 9.29, a PEG ratio of 2.00 and a beta of 1.12. The company has a debt ratio of 1.14, a quick ratio of 0.82 and a current ratio of 0.83. The company has a 50-day simple moving average of $116.99 and a 200-day simple moving average of $129.33. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week high of $172.96.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released quarterly earnings data on Thursday, July 14. The financial services provider reported earnings per share (EPS) of $2.76 for the quarter, matching analyst consensus estimates of $2.76. The company posted revenue of $30.72 billion in the quarter, versus a consensus estimate of $31.82 billion. JPMorgan Chase & Co. posted a net margin of 30.41% and a return on equity of 15.29%. The company’s revenue for the quarter increased by 0.8% compared to the same quarter last year. In the same quarter a year earlier, the company posted EPS of $3.78. On average, sell-side analysts expect JPMorgan Chase & Co. to post earnings per share of 11.21 for the current year.

JPMorgan Chase & Co. dividend announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, July 31. Shareholders of record on Wednesday, July 6 received a dividend of $1.00. This represents a dividend of $4.00 on an annualized basis and a yield of 3.46%. The ex-dividend date was Tuesday July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.10%.

Analyst upgrades and downgrades

A number of brokerages have published reports on JPM. Berenberg Bank downgraded JPMorgan Chase & Co. shares from a “sell” rating to a “hold” rating and set a price target of $120.00 on the stock in a Monday research note July 18. UBS Group cut its price target on JPMorgan Chase & Co. shares from $134.00 to $126.00 and set a “buy” rating on the stock in a Friday 15th research report July. Keefe, Bruyette & Woods reissued a “market performance” rating and set a price target of $148.00 (vs. $142.00) on JPMorgan Chase & Co. shares in a Tuesday 24 research report may. Societe Generale upgraded JPMorgan Chase & Co. shares from a “hold” rating to a “buy” rating and raised its price target for the stock from $145.00 to $150.00 in a research report of Tuesday, May 24. Finally, Wells Fargo & Company cut its price target on JPMorgan Chase & Co. stock from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research report Thursday, July 14. One financial analyst has assigned the stock a sell rating, eight have assigned a hold rating and nine have assigned the stock a buy rating. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus price target of $145.95.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co operates as a worldwide financial services company. 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 s deposit, investment and lending products, payments and consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.

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Institutional ownership by quarter for JPMorgan Chase & Co. (NYSE: JPM)



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