Private Capital Advisors Inc. Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

Private Capital Advisors Inc. bought a new position in JPMorgan Chase & Co. (NYSE:JPM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 71,050 shares of the financial services provider’s stock, valued at approximately $7,943,000. JPMorgan Chase & Co. accounts for approximately 2.2% of Private Capital Advisors Inc.’s investment portfolio, making the stock its 17th biggest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of JPM. Smart Portfolios LLC boosted its position in shares of JPMorgan Chase & Co. by 29.6% during the 4th quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 114 shares during the last quarter. Semmax Financial Advisors Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $56,000. Sound Income Strategies LLC boosted its position in shares of JPMorgan Chase & Co. by 126.7% during the 2nd quarter. Sound Income Strategies LLC now owns 510 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 285 shares during the last quarter. Asset Planning Services Ltd. bought a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at about $61,000. Finally, Northstar Investment Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 3.3% during the 2nd quarter. Northstar Investment Advisors LLC now owns 72,159 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 2,307 shares during the last quarter. Institutional investors and hedge funds own 71.57% of the company’s stock.

JPMorgan Chase & Co. stock traded down $0.77 during trading hours on Friday, reaching $112.17. The company had a trading volume of 686,365 shares, compared to its average volume of 9,773,236. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.00 and a current ratio of 0.97. The stock has a 50-day simple moving average of $112.89. The stock has a market cap of $366.37 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 1.66 and a beta of 1.15. JPMorgan Chase & Co. has a 12-month low of $91.11 and a 12-month high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 EPS for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.32. The business had revenue of $28.83 billion for the quarter, compared to analysts’ expectations of $28.52 billion. JPMorgan Chase & Co. had a return on equity of 14.41% and a net margin of 24.73%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.29 EPS. Analysts anticipate that JPMorgan Chase & Co. will post 9.92 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were paid a $0.80 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $3.20 dividend on an annualized basis and a yield of 2.85%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 35.56%.

A number of brokerages recently weighed in on JPM. BMO Capital Markets raised their price objective on JPMorgan Chase & Co. from $116.00 to $118.00 and gave the company a “market perform” rating in a report on Monday, April 15th. Zacks Investment Research cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Goldman Sachs Group reissued a “neutral” rating and set a $117.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. Royal Bank of Canada reissued a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, July 16th. Finally, Credit Suisse Group raised their price objective on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $122.94.

In other JPMorgan Chase & Co. news, EVP Peter Scher sold 10,816 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $115.00, for a total value of $1,243,840.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Lori A. Beer sold 13,341 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, July 17th. The stock was 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 in the company, valued at $1,157,656.40. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.

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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