Demars Financial Group LLC Takes Position in JPMorgan Chase & Co. (NYSE:JPM)

Demars Financial Group LLC acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 98,995 shares of the financial services provider’s stock, valued at approximately $93,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter valued at approximately $9,899,000. Hayek Kallen Investment Management lifted its position in JPMorgan Chase & Co. by 17.9% during the second quarter. Hayek Kallen Investment Management now owns 22,774 shares of the financial services provider’s stock valued at $2,142,000 after acquiring an additional 3,460 shares during the last quarter. Capital Advisors Inc. OK lifted its position in JPMorgan Chase & Co. by 25.1% during the second quarter. Capital Advisors Inc. OK now owns 253,940 shares of the financial services provider’s stock valued at $24,693,000 after acquiring an additional 50,968 shares during the last quarter. Garde Capital Inc. purchased a new stake in JPMorgan Chase & Co. during the second quarter valued at approximately $200,000. Finally, Bridgeway Capital Management Inc. lifted its position in JPMorgan Chase & Co. by 189.7% during the second quarter. Bridgeway Capital Management Inc. now owns 456,195 shares of the financial services provider’s stock valued at $42,910,000 after acquiring an additional 298,700 shares during the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

Shares of NYSE:JPM traded up $0.42 during midday trading on Wednesday, hitting $99.70. The company’s stock had a trading volume of 19,214,685 shares, compared to its average volume of 20,919,412. The business’s 50 day simple moving average is $100.11 and its 200 day simple moving average is $97.15. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $303.85 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 3.39 and a beta of 1.16. JPMorgan Chase & Co. has a 12-month low of $76.91 and a 12-month high of $141.10.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.04. The firm had revenue of $32.98 billion for the quarter, compared to the consensus estimate of $30.23 billion. JPMorgan Chase & Co. had a net margin of 18.16% and a return on equity of 10.75%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the firm posted $2.82 earnings per share. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 5.96 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 3.61%. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.

In other news, CEO Mary E. Erdoes sold 24,554 shares of the firm’s stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total value of $2,443,614.08. Company insiders own 0.78% of the company’s stock.

A number of equities research analysts recently commented on JPM shares. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 target price for the company in a research report on Thursday, July 9th. Oppenheimer reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. Berenberg Bank raised their price target on shares of JPMorgan Chase & Co. from $77.00 to $80.00 and gave the stock a “sell” rating in a report on Monday, July 20th. Seaport Global Securities assumed coverage on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 8th. They issued a “buy” rating and a $119.00 price objective on the stock. Finally, Odeon Capital Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $105.75 price objective on the stock in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $111.37.

JPMorgan Chase & Co. 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.

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

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