GQG Partners LLC Invests $1.04 Million in JPMorgan Chase & Co. (NYSE:JPM)

GQG Partners LLC purchased a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 6,714 shares of the financial services provider’s stock, valued at approximately $1,044,000.

A number of other large investors also recently made changes to their positions in JPM. Turim 21 Investimentos Ltda. purchased a new position in JPMorgan Chase & Co. in the second quarter valued at $36,000. Ten Capital Wealth Advisors LLC raised its position in JPMorgan Chase & Co. by 19.2% during the second quarter. Ten Capital Wealth Advisors LLC now owns 460 shares of the financial services provider’s stock worth $72,000 after acquiring an additional 74 shares during the period. Financial Avengers Inc. increased its stake in shares of JPMorgan Chase & Co. by 21.6% during the first quarter. Financial Avengers Inc. now owns 552 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 98 shares in the last quarter. Lake Point Wealth Management purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter worth approximately $109,000. Finally, McCarthy Asset Management Inc. lifted its stake in shares of JPMorgan Chase & Co. by 38.8% in the second quarter. McCarthy Asset Management Inc. now owns 708 shares of the financial services provider’s stock worth $110,000 after buying an additional 198 shares in the last quarter. 69.67% of the stock is owned by institutional investors.

A number of research analysts have weighed in on JPM shares. Barclays set a $187.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 14th. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a research report on Tuesday, September 28th. The Goldman Sachs Group set a $198.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday. Royal Bank of Canada lifted their price target on shares of JPMorgan Chase & Co. from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods assumed coverage on shares of JPMorgan Chase & Co. in a report on Wednesday, July 7th. They issued a “market perform” rating and a $167.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $170.18.

JPM stock traded up $1.34 during midday trading on Thursday, hitting $162.34. 384,122 shares of the stock were exchanged, compared to its average volume of 13,593,163. The stock’s 50-day moving average price is $160.59 and its 200-day moving average price is $157.52. The stock has a market cap of $485.10 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 2.24 and a beta of 1.20. JPMorgan Chase & Co. has a fifty-two week low of $95.24 and a fifty-two week high of $171.51. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.85 and a current ratio of 0.85.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, October 12th. The financial services provider reported $3.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.00 by $0.74. JPMorgan Chase & Co. had a return on equity of 19.26% and a net margin of 37.71%. The company had revenue of $29.60 billion during the quarter, compared to analysts’ expectations of $29.63 billion. During the same period in the previous year, the firm posted $2.92 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. Research analysts anticipate that JPMorgan Chase & Co. will post 14.05 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 31st. Investors of record on Wednesday, October 6th will be paid a $1.00 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.90. This represents a $4.00 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Tuesday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 45.05%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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