Marvin & Palmer Associates Inc. Buys 4,873 Shares of JPMorgan Chase & Co. $JPM

Marvin & Palmer Associates Inc. boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 38.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,672 shares of the financial services provider’s stock after acquiring an additional 4,873 shares during the period. JPMorgan Chase & Co. accounts for 4.4% of Marvin & Palmer Associates Inc.’s investment portfolio, making the stock its 7th largest holding. Marvin & Palmer Associates Inc.’s holdings in JPMorgan Chase & Co. were worth $5,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Advisors of Iowa LLC lifted its position in shares of JPMorgan Chase & Co. by 3.3% in the 2nd quarter. Wealth Advisors of Iowa LLC now owns 3,200 shares of the financial services provider’s stock worth $928,000 after purchasing an additional 101 shares during the period. Personal CFO Solutions LLC increased its position in shares of JPMorgan Chase & Co. by 11.4% during the second quarter. Personal CFO Solutions LLC now owns 10,382 shares of the financial services provider’s stock worth $3,010,000 after buying an additional 1,062 shares during the period. Marsico Capital Management LLC raised its stake in JPMorgan Chase & Co. by 14.9% during the second quarter. Marsico Capital Management LLC now owns 196,870 shares of the financial services provider’s stock worth $57,075,000 after buying an additional 25,491 shares during the last quarter. Willis Investment Counsel raised its stake in JPMorgan Chase & Co. by 15.8% during the second quarter. Willis Investment Counsel now owns 68,920 shares of the financial services provider’s stock worth $19,981,000 after buying an additional 9,400 shares during the last quarter. Finally, ABN AMRO Bank N.V. acquired a new position in JPMorgan Chase & Co. in the second quarter valued at $118,283,000. Institutional investors own 71.55% of the company’s stock.

Insider Activity

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 966 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $311.92, for a total transaction of $301,314.72. Following the completion of the transaction, the insider owned 58,479 shares in the company, valued at approximately $18,240,769.68. The trade was a 1.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the sale, the director directly owned 82,207 shares of the company’s stock, valued at $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

JPM has been the subject of a number of recent analyst reports. Dbs Bank upgraded JPMorgan Chase & Co. to a “hold” rating in a report on Tuesday, October 21st. Loop Capital set a $310.00 target price on JPMorgan Chase & Co. in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft raised their target price on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock a “hold” rating in a research note on Tuesday, September 30th. Weiss Ratings reiterated a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a report on Tuesday. Finally, Royal Bank Of Canada restated a “buy” rating and set a $343.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, October 14th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and an average price target of $326.38.

JPMorgan Chase & Co. Trading Up 1.8%

Shares of JPMorgan Chase & Co. stock opened at $313.26 on Friday. The stock has a market capitalization of $852.78 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 1.84 and a beta of 1.14. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $322.25. The stock has a 50 day moving average price of $306.89 and a two-hundred day moving average price of $293.04. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.86.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The company had revenue of $47.12 billion for the quarter, compared to analysts’ expectations of $44.42 billion. During the same period last year, the business earned $4.37 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 8.8% compared to the same quarter last year. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 6th were issued a dividend of $1.50 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio is 29.72%.

JPMorgan Chase & Co. Profile

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.