JPMorgan Chase & Co. (NYSE:JPM) Holdings Raised by ORG Partners LLC

ORG Partners LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1,041.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,898 shares of the financial services provider’s stock after purchasing an additional 12,680 shares during the period. ORG Partners LLC’s holdings in JPMorgan Chase & Co. were worth $2,858,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of JPM. Stone House Investment Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 89 shares during the last quarter. Retirement Group LLC lifted its holdings in shares of JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 109 shares during the last quarter. Richardson Capital Management LLC purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at $34,000. Bare Financial Services Inc purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $35,000. Finally, Partnership Wealth Management LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $36,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Up 0.5 %

Shares of NYSE JPM traded up $0.95 during mid-day trading on Thursday, reaching $211.19. 873,765 shares of the company traded hands, compared to its average volume of 9,190,301. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91. The stock has a market cap of $606.47 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12. The company’s fifty day moving average is $204.10 and its two-hundred day moving average is $195.02. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $217.56.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The business had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. During the same quarter in the prior year, the firm posted $4.37 EPS. On average, analysts expect that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

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 $1.15 per share. The ex-dividend date was Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.18%. JPMorgan Chase & Co.’s payout ratio is 25.66%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on JPM shares. BMO Capital Markets upped their price target on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Jefferies Financial Group upped their price target on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. UBS Group upped their price target on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Barclays upped their price target on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Finally, StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $205.71.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 5,298 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.64, for a total value of $1,062,990.72. Following the completion of the sale, the insider now owns 46,375 shares in the company, valued at approximately $9,304,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 5,298 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.64, for a total value of $1,062,990.72. Following the completion of the sale, the insider now owns 46,375 shares in the company, valued at approximately $9,304,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Stacey Friedman sold 4,415 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the sale, the general counsel now owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The disclosure for this sale can be found here. Insiders sold a total of 14,799 shares of company stock worth $2,963,721 in the last 90 days. 0.79% of the stock is owned by company insiders.

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.