38,226 Shares in JPMorgan Chase & Co. (NYSE:JPM) Purchased by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 38,226 shares of the financial services provider’s stock, valued at approximately $7,732,000. JPMorgan Chase & Co. makes up about 2.1% of Drucker Wealth 3.0 LLC’s holdings, making the stock its 12th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Employees Retirement System of Texas lifted its holdings in shares of JPMorgan Chase & Co. by 2.9% in the second quarter. Employees Retirement System of Texas now owns 796,471 shares of the financial services provider’s stock valued at $161,094,000 after purchasing an additional 22,101 shares in the last quarter. APG Asset Management N.V. grew its holdings in shares of JPMorgan Chase & Co. by 1.6% during the second quarter. APG Asset Management N.V. now owns 4,097,648 shares of the financial services provider’s stock valued at $773,306,000 after buying an additional 65,773 shares in the last quarter. AXA S.A. raised its position in JPMorgan Chase & Co. by 16.3% during the second quarter. AXA S.A. now owns 855,468 shares of the financial services provider’s stock valued at $173,027,000 after buying an additional 119,620 shares during the period. Absolute Gestao de Investimentos Ltda. purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter worth about $303,000. Finally, Wick Capital Partners LLC boosted its position in JPMorgan Chase & Co. by 6.4% during the 2nd quarter. Wick Capital Partners LLC now owns 1,661 shares of the financial services provider’s stock worth $336,000 after acquiring an additional 100 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of research reports. Oppenheimer upped their target price on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Evercore ISI increased their target price on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. BMO Capital Markets boosted their price target on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. Keefe, Bruyette & Woods increased their price objective on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Tuesday, July 9th. Finally, Citigroup boosted their target price on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $211.06.

JPMorgan Chase & Co. Stock Down 0.2 %

JPM opened at $209.78 on Friday. The firm has a market cap of $596.86 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 2.39 and a beta of 1.12. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. The business has a 50 day moving average price of $211.47 and a 200 day moving average price of $202.20. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.19 by $1.93. The business had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same period in the prior year, the firm earned $4.37 EPS. Research analysts forecast 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 paid a $1.25 dividend. The ex-dividend date is Friday, October 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.38%. JPMorgan Chase & Co.’s payout ratio is presently 25.66%.

JPMorgan Chase & Co. Profile

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.