Koshinski Asset Management Inc. grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,055 shares of the financial services provider’s stock after purchasing an additional 1,060 shares during the period. JPMorgan Chase & Co. makes up about 0.7% of Koshinski Asset Management Inc.’s investment portfolio, making the stock its 27th largest position. Koshinski Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $4,238,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of JPM. NuWave Investment Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $30,000. Lion Street Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the first quarter worth $37,000. Horan Securities Inc. acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at $45,000. Efficient Wealth Management LLC bought a new position in JPMorgan Chase & Co. during the 1st quarter valued at $51,000. Finally, Larson Financial Group LLC grew its holdings in JPMorgan Chase & Co. by 217.6% during the 1st quarter. Larson Financial Group LLC now owns 597 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 409 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently commented on JPM shares. Morgan Stanley reaffirmed a “buy” rating and set a $106.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 27th. TheStreet downgraded JPMorgan Chase & Co. from a “b-” rating to a “c” rating in a report on Monday, May 11th. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 price target for the company in a report on Thursday, July 9th. UBS Group upped their price target on JPMorgan Chase & Co. from $82.00 to $96.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Finally, Wells Fargo & Co lifted their price objective on shares of JPMorgan Chase & Co. from $115.00 to $130.00 in a report on Friday, June 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company. JPMorgan Chase & Co. currently has an average rating of “Buy” and an average target price of $110.89.
In related news, CEO Mary E. Erdoes sold 24,554 shares of the company’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. Corporate insiders own 0.78% of the company’s stock.
JPM opened at $96.64 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.35. The business’s 50 day moving average is $96.77 and its 200-day moving average is $105.48. The stock has a market cap of $294.46 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 3.24 and a beta of 1.19. JPMorgan Chase & Co. has a twelve month low of $76.91 and a twelve month high of $141.10.
JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.04. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The firm had revenue of $32.98 billion for the quarter, compared to the consensus estimate of $30.23 billion. During the same quarter in the previous year, the business earned $2.82 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, analysts forecast that JPMorgan Chase & Co. will post 5.96 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Monday, July 6th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend was Thursday, July 2nd. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.
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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