Vigilant Capital Management LLC Has $20.48 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Vigilant Capital Management LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.3% in the second quarter, HoldingsChannel reports. The fund owned 183,159 shares of the financial services provider’s stock after buying an additional 4,155 shares during the period. JPMorgan Chase & Co. makes up 2.7% of Vigilant Capital Management LLC’s investment portfolio, making the stock its 6th biggest position. Vigilant Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $20,477,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in JPM. Thoroughbred Financial Services LLC lifted its holdings in shares of JPMorgan Chase & Co. by 11,601.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 4,973,970 shares of the financial services provider’s stock worth $497,397,000 after acquiring an additional 4,931,461 shares during the last quarter. Royal London Asset Management Ltd. bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $182,400,000. ADAMCAPITAL Gestao de Recursos Ltda. raised its holdings in JPMorgan Chase & Co. by 32.0% during the 4th quarter. ADAMCAPITAL Gestao de Recursos Ltda. now owns 2,598,267 shares of the financial services provider’s stock valued at $253,643,000 after buying an additional 629,580 shares during the last quarter. Miller Howard Investments Inc. NY bought a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at $58,723,000. Finally, Fisher Asset Management LLC raised its holdings in JPMorgan Chase & Co. by 4.0% during the 4th quarter. Fisher Asset Management LLC now owns 5,426,978 shares of the financial services provider’s stock valued at $529,782,000 after buying an additional 208,780 shares during the last quarter. Hedge funds and other institutional investors own 71.57% of the company’s stock.

JPMorgan Chase & Co. stock traded down $0.01 during mid-day trading on Friday, reaching $112.93. 11,024,017 shares of the company traded hands, compared to its average volume of 10,113,162. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.97 and a quick ratio of 1.00. The stock’s 50 day moving average price is $112.95. The stock has a market capitalization of $376.30 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 1.67 and a beta of 1.16. JPMorgan Chase & Co. has a 52-week low of $91.11 and a 52-week high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.32. The business had revenue of $28.83 billion for 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 14.41%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.29 EPS. As a group, analysts anticipate that JPMorgan Chase & Co. will post 9.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Wednesday, July 3rd. JPMorgan Chase & Co.’s payout ratio is currently 35.56%.

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

In other JPMorgan Chase & Co. news, EVP Peter Scher sold 10,816 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,243,840.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Lori A. Beer sold 13,341 shares of the business’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following 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 currently owned by 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 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.

Read More: Quiet Period

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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