Todays Report: Today, Howard Capital Management Boosts Position in JPMorgan Chase & Co. (JPM)

Today, Howard Capital Management Boosts Position in JPMorgan Chase & Co. (JPM)

Howard Capital Management increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,743 shares of the financial services provider’s stock after buying an additional 1,305 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.8% of Howard Capital Management’s holdings, making the stock its 27th largest position. Howard Capital Management’s holdings in JPMorgan Chase & Co. were worth $9,971,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Family Firm Inc. raised its position in JPMorgan Chase & Co. by 0.3% in the second quarter. Family Firm Inc. now owns 3,489 shares of the financial services provider’s stock valued at $217,000 after buying an additional 11 shares in the last quarter. Marshwinds Advisory Co. raised its position in JPMorgan Chase & Co. by 0.3% in the third quarter. Marshwinds Advisory Co. now owns 4,383 shares of the financial services provider’s stock valued at $292,000 after buying an additional 11 shares in the last quarter. Nadler Financial Group Inc. raised its position in JPMorgan Chase & Co. by 0.3% in the second quarter. Nadler Financial Group Inc. now owns 5,142 shares of the financial services provider’s stock valued at $320,000 after buying an additional 14 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its position in JPMorgan Chase & Co. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,014 shares of the financial services provider’s stock valued at $125,000 after buying an additional 14 shares in the last quarter. Finally, Evanson Asset Management LLC raised its position in JPMorgan Chase & Co. by 0.4% in the second quarter. Evanson Asset Management LLC now owns 4,969 shares of the financial services provider’s stock valued at $309,000 after buying an additional 18 shares in the last quarter. Institutional investors and hedge funds own 72.45% of the company’s stock.

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down 0.65% on Monday, hitting $78.32. 12,860,088 shares of the stock traded hands. The stock has a 50-day moving average price of $71.70 and a 200 day moving average price of $66.33. JPMorgan Chase & Co. has a 52 week low of $52.50 and a 52 week high of $80.44. The firm has a market cap of $280.21 billion, a P/E ratio of 13.51 and a beta of 1.51.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.19. JPMorgan Chase & Co. had a net margin of 22.92% and a return on equity of 10.47%. The firm earned $25.50 billion during the quarter. During the same period in the previous year, the business earned $1.54 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities research analysts predict that JPMorgan Chase & Co. will post $5.88 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Thursday, October 6th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.44%. The ex-dividend date was Tuesday, October 4th. JPMorgan Chase & Co.’s payout ratio is 33.10%.

Several research analysts have weighed in on the company. Vetr upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $71.81 target price on the stock in a report on Tuesday, November 1st. Macquarie reiterated a “neutral” rating and set a $70.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, October 17th. Zacks Investment Research lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, September 20th. Buckingham Research lowered JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and boosted their price target for the company from $71.00 to $74.00 in a report on Monday, October 17th. Finally, Credit Suisse Group AG restated a “buy” rating and issued a $78.00 price target on shares of JPMorgan Chase & Co. in a report on Thursday, November 3rd. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and eighteen have assigned a buy rating to the company. JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average target price of $72.43.

In other news, CEO Mary E. Erdoes sold 25,542 shares of JPMorgan Chase & Co. stock in a transaction on Monday, October 17th. The shares were sold at an average price of $67.26, for a total transaction of $1,717,954.92. Following the completion of the sale, the chief executive officer now directly owns 291,080 shares of the company’s stock, valued at approximately $19,578,040.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Marianne Lake sold 14,083 shares of JPMorgan Chase & Co. stock in a transaction on Monday, October 17th. The stock was sold at an average price of $67.26, for a total transaction of $947,222.58. Following the sale, the chief financial officer now directly owns 16,581 shares of the company’s stock, valued at $1,115,238.06. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

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