First Allied Advisory Services Inc. increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,252 shares of the financial services provider’s stock after purchasing an additional 3,045 shares during the period. JPMorgan Chase & Co. makes up approximately 0.5% of First Allied Advisory Services Inc.’s portfolio, making the stock its 29th largest position. First Allied Advisory Services Inc.’s holdings in JPMorgan Chase & Co. were worth $13,775,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in JPMorgan Chase & Co. by 7.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 808,379 shares of the financial services provider’s stock valued at $88,897,000 after buying an additional 53,442 shares in the last quarter. ING Groep NV increased its holdings in JPMorgan Chase & Co. by 1.5% in the fourth quarter. ING Groep NV now owns 484,403 shares of the financial services provider’s stock valued at $51,802,000 after buying an additional 7,393 shares in the last quarter. Lenox Wealth Advisors Inc. increased its holdings in JPMorgan Chase & Co. by 15,663.6% in the fourth quarter. Lenox Wealth Advisors Inc. now owns 1,734 shares of the financial services provider’s stock valued at $185,000 after buying an additional 1,723 shares in the last quarter. Wealthfront Inc. increased its holdings in JPMorgan Chase & Co. by 14.2% in the fourth quarter. Wealthfront Inc. now owns 139,214 shares of the financial services provider’s stock valued at $14,888,000 after buying an additional 17,288 shares in the last quarter. Finally, Polaris Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 13.0% in the first quarter. Polaris Capital Management LLC now owns 593,000 shares of the financial services provider’s stock valued at $65,212,000 after buying an additional 68,400 shares in the last quarter. 72.00% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Chase & Co Jpmorgan bought 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 31st. The shares were purchased at an average price of $1,000.00 per share, for a total transaction of $22,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gordon Smith sold 30,725 shares of the firm’s stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $114.01, for a total transaction of $3,502,957.25. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

A number of research analysts have issued reports on JPM shares. UBS Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. BMO Capital Markets increased their price target on shares of JPMorgan Chase & Co. from $110.00 to $118.00 and gave the company a “market perform” rating in a research report on Monday, July 16th. Jefferies Financial Group reiterated a “buy” rating and issued a $122.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, April 16th. DZ Bank upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Finally, Morgan Stanley lowered their price target on shares of JPMorgan Chase & Co. from $138.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, April 30th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $120.23.

Shares of NYSE JPM opened at $113.89 on Tuesday. JPMorgan Chase & Co. has a 1 year low of $88.08 and a 1 year high of $119.33. The company has a market cap of $397.18 billion, a P/E ratio of 16.58, a PEG ratio of 1.90 and a beta of 1.24. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 31st. Investors of record on Friday, July 6th were given a dividend of $0.56 per share. The ex-dividend date was Thursday, July 5th. This represents a $2.24 dividend on an annualized basis and a yield of 1.97%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 32.61%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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