Zeke Capital Advisors LLC Acquires 24,444 Shares of JPMorgan Chase & Co. (JPM)

Zeke Capital Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 61.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 64,325 shares of the financial services provider’s stock after buying an additional 24,444 shares during the period. JPMorgan Chase & Co. makes up about 0.8% of Zeke Capital Advisors LLC’s portfolio, making the stock its 16th biggest holding. Zeke Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $6,144,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of JPM. Private Vista LLC purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter worth $102,000. Kohmann Bosshard Financial Services LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter worth $102,000. Welch Investments LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter worth $103,000. Legacy Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter worth $106,000. Finally, Atlantic Trust LLC purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter worth $136,000. Institutional investors and hedge funds own 73.02% of the company’s stock.

Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $115.19 on Thursday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $117.45. The firm has a market cap of $398,012.25, a PE ratio of 18.28, a P/E/G ratio of 1.96 and a beta of 1.23.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The business had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. During the same quarter in the prior year, the firm earned $1.71 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. research analysts expect that JPMorgan Chase & Co. will post 8.78 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 5th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.56%.

In related news, CEO Mary E. Erdoes sold 65,101 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the completion of the sale, the chief executive officer now owns 479,882 shares of the company’s stock, valued at approximately $53,866,754.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James S. Crown acquired 7,280 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were acquired at an average cost of $113.37 per share, with a total value of $825,333.60. Following the transaction, the director now owns 305,875 shares in the company, valued at $34,677,048.75. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 152,047 shares of company stock valued at $17,098,115. Insiders own 0.88% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Jefferies Group reaffirmed a “buy” rating and set a $131.00 price target (up previously from $124.00) on shares of JPMorgan Chase & Co. in a research note on Wednesday. Morgan Stanley lifted their price target on shares of JPMorgan Chase & Co. from $133.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday. Vetr raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “sell” rating and set a $102.07 price target on the stock in a research note on Tuesday, February 6th. Keefe, Bruyette & Woods raised shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 price target on the stock in a research note on Tuesday, February 13th. Finally, ValuEngine raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have assigned a buy rating to the company. JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average target price of $109.67.

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JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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