Texas Capital Bancshares Inc TX Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Texas Capital Bancshares Inc TX cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,770 shares of the financial services provider’s stock after selling 795 shares during the quarter. JPMorgan Chase & Co. accounts for 0.7% of Texas Capital Bancshares Inc TX’s investment portfolio, making the stock its 15th biggest holding. Texas Capital Bancshares Inc TX’s holdings in JPMorgan Chase & Co. were worth $1,774,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. increased its stake in shares of JPMorgan Chase & Co. by 1.5% during the 4th quarter. Gilbert & Cook Inc. now owns 11,360 shares of the financial services provider’s stock worth $1,932,000 after purchasing an additional 164 shares in the last quarter. Aveo Capital Partners LLC grew its holdings in JPMorgan Chase & Co. by 13.0% during the 4th quarter. Aveo Capital Partners LLC now owns 5,151 shares of the financial services provider’s stock valued at $876,000 after buying an additional 591 shares during the last quarter. Gryphon Financial Partners LLC increased its position in JPMorgan Chase & Co. by 66.9% during the fourth quarter. Gryphon Financial Partners LLC now owns 25,004 shares of the financial services provider’s stock worth $4,238,000 after buying an additional 10,025 shares in the last quarter. Relative Value Partners Group LLC raised its holdings in shares of JPMorgan Chase & Co. by 3.2% in the fourth quarter. Relative Value Partners Group LLC now owns 10,385 shares of the financial services provider’s stock worth $1,766,000 after acquiring an additional 324 shares during the last quarter. Finally, BlueSky Wealth Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 3.2% in the fourth quarter. BlueSky Wealth Advisors LLC now owns 3,756 shares of the financial services provider’s stock worth $639,000 after acquiring an additional 117 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 0.3 %

NYSE:JPM opened at $210.40 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The stock has a 50 day moving average of $211.47 and a 200-day moving average of $202.41. The firm has a market capitalization of $598.62 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 2.39 and a beta of 1.12. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The company had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. During the same quarter in the previous year, the company posted $4.37 earnings per share. Analysts predict that JPMorgan Chase & Co. will post 16.72 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a dividend yield of 2.38%. JPMorgan Chase & Co.’s payout ratio is currently 25.66%.

Analyst Ratings Changes

A number of research firms recently commented on JPM. Keefe, Bruyette & Woods lifted their price objective 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. Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Jefferies Financial Group upped their price objective on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Barclays lifted their target price on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Finally, Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $211.06.

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.