Forefront Analytics LLC Has $1.32 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Forefront Analytics LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 100.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 6,516 shares of the financial services provider’s stock after buying an additional 3,271 shares during the period. Forefront Analytics LLC’s holdings in JPMorgan Chase & Co. were worth $1,318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Full Sail Capital LLC grew its stake in shares of JPMorgan Chase & Co. by 8.1% in the second quarter. Full Sail Capital LLC now owns 5,252 shares of the financial services provider’s stock worth $1,062,000 after acquiring an additional 394 shares during the last quarter. Ascent Group LLC grew its stake in shares of JPMorgan Chase & Co. by 6.1% in the second quarter. Ascent Group LLC now owns 51,512 shares of the financial services provider’s stock worth $10,419,000 after acquiring an additional 2,948 shares during the last quarter. Driehaus Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 13.1% in the second quarter. Driehaus Capital Management LLC now owns 7,378 shares of the financial services provider’s stock worth $1,492,000 after acquiring an additional 854 shares during the last quarter. Brick & Kyle Associates grew its stake in shares of JPMorgan Chase & Co. by 3.4% in the second quarter. Brick & Kyle Associates now owns 36,775 shares of the financial services provider’s stock worth $7,438,000 after acquiring an additional 1,221 shares during the last quarter. Finally, Kathmere Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 19.1% in the second quarter. Kathmere Capital Management LLC now owns 5,900 shares of the financial services provider’s stock worth $1,193,000 after acquiring an additional 947 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the subject of several research reports. Evercore ISI raised their target price on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Keefe, Bruyette & Woods raised their target price on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Finally, Wolfe Research cut JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.06.

JPMorgan Chase & Co. Stock Up 0.3 %

Shares of NYSE JPM opened at $210.50 on Friday. The stock has a market cap of $598.91 billion, a PE ratio of 11.74, a PEG ratio of 2.39 and a beta of 1.12. The business has a fifty day moving average of $211.47 and a two-hundred day moving average of $202.50. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $225.48. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. During the same period last year, the company posted $4.37 earnings per share. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 16.72 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be paid a $1.25 dividend. The ex-dividend date is Friday, October 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.38%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.66%.

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.