Stamos Capital Partners L.P. Grows Stock Holdings in JPMorgan Chase & Co. $JPM

Stamos Capital Partners L.P. increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 65.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,505 shares of the financial services provider’s stock after buying an additional 12,091 shares during the period. JPMorgan Chase & Co. accounts for about 1.6% of Stamos Capital Partners L.P.’s holdings, making the stock its 13th largest holding. Stamos Capital Partners L.P.’s holdings in JPMorgan Chase & Co. were worth $8,844,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. Harbor Asset Planning Inc. bought a new stake in JPMorgan Chase & Co. in the second quarter worth $26,000. Mizuho Securities Co. Ltd. raised its position in shares of JPMorgan Chase & Co. by 450.0% in the 2nd quarter. Mizuho Securities Co. Ltd. now owns 110 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 90 shares during the last quarter. Ryan Investment Management Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 2nd quarter worth about $37,000. Christopher J. Hasenberg Inc grew its position in JPMorgan Chase & Co. by 212.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 156 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 106 shares during the last quarter. Finally, Sagard Holdings Management Inc. bought a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at about $64,000. Institutional investors own 71.55% of the company’s stock.

Insider Activity

In other news, insider Robin Leopold sold 966 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $311.92, for a total value of $301,314.72. Following the completion of the sale, the insider directly owned 58,479 shares in the company, valued at $18,240,769.68. This represents a 1.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.47% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on JPM shares. The Goldman Sachs Group dropped their target price on shares of JPMorgan Chase & Co. from $355.00 to $354.00 and set a “buy” rating on the stock in a research note on Friday, December 5th. Daiwa Capital Markets upped their price objective on JPMorgan Chase & Co. from $330.00 to $332.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Wolfe Research lifted their target price on JPMorgan Chase & Co. from $342.00 to $346.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. DZ Bank reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, October 15th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a report on Monday. Fifteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $325.48.

JPMorgan Chase & Co. Trading Up 3.1%

Shares of NYSE:JPM opened at $309.90 on Thursday. The stock’s 50-day simple moving average is $306.40 and its two-hundred day simple moving average is $295.85. The stock has a market capitalization of $843.62 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 1.56 and a beta of 1.08. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $322.25. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 0.86.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.83 by $0.24. The firm had revenue of $47.12 billion for the quarter, compared to analysts’ expectations of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.37 EPS. Analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Tuesday, January 6th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Tuesday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 29.72%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.