Andra AP fonden raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 115,600 shares of the financial services provider’s stock after acquiring an additional 2,300 shares during the period. Andra AP fonden’s holdings in JPMorgan Chase & Co. were worth $11,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Middleton & Co Inc MA raised its stake in shares of JPMorgan Chase & Co. by 32.2% in the third quarter. Middleton & Co Inc MA now owns 115,982 shares of the financial services provider’s stock valued at $11,077,000 after buying an additional 28,258 shares during the period. Concorde Asset Management LLC raised its stake in shares of JPMorgan Chase & Co. by 54.5% in the third quarter. Concorde Asset Management LLC now owns 12,479 shares of the financial services provider’s stock valued at $1,193,000 after buying an additional 4,401 shares during the period. SignalPoint Asset Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at $469,000. Villere ST Denis J & Co. LLC raised its stake in shares of JPMorgan Chase & Co. by 4.5% in the third quarter. Villere ST Denis J & Co. LLC now owns 142,615 shares of the financial services provider’s stock valued at $13,621,000 after buying an additional 6,185 shares during the period. Finally, DSAM Partners London Ltd bought a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at $20,057,000. Hedge funds and other institutional investors own 73.76% of the company’s stock.
In related news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the transaction, the general counsel now directly owns 15,279 shares in the company, valued at $1,557,846.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.88% of the stock is owned by insiders.
JPMorgan Chase & Co. (JPM) opened at $112.67 on Friday. JPMorgan Chase & Co. has a 52-week low of $81.64 and a 52-week high of $112.85. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $390,930.00, a PE ratio of 16.16, a P/E/G ratio of 2.04 and a beta of 1.22.
JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The business had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same period in the previous year, the business earned $1.71 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. equities research analysts predict that JPMorgan Chase & Co. will post 6.91 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is 32.14%.
A number of analysts recently issued reports on the company. Vining Sparks reiterated a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase & Co. in a research note on Friday. Vetr lowered JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price objective on the stock. in a research note on Wednesday. Nomura set a $115.00 price objective on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Friday. Argus boosted their price objective on JPMorgan Chase & Co. from $109.00 to $125.00 and gave the company a “buy” rating in a research note on Friday. Finally, Deutsche Bank lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and boosted their price objective for the company from $90.00 to $96.00 in a research note on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $102.52.
JPMorgan Chase & Co. 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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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