Canton Hathaway LLC Buys 685 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Canton Hathaway LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,390 shares of the financial services provider’s stock after purchasing an additional 685 shares during the quarter. JPMorgan Chase & Co. accounts for 1.1% of Canton Hathaway LLC’s holdings, making the stock its 14th largest position. Canton Hathaway LLC’s holdings in JPMorgan Chase & Co. were worth $3,665,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in JPM. Amundi bought a new position in shares of JPMorgan Chase & Co. during the second quarter worth approximately $593,484,000. Prospera Financial Services Inc increased its stake in JPMorgan Chase & Co. by 2,515.8% in the second quarter. Prospera Financial Services Inc now owns 2,333,355 shares of the financial services provider’s stock valued at $12,153,000 after acquiring an additional 2,244,152 shares during the last quarter. Macquarie Group Ltd. increased its stake in JPMorgan Chase & Co. by 165.8% in the second quarter. Macquarie Group Ltd. now owns 2,522,918 shares of the financial services provider’s stock valued at $392,415,000 after acquiring an additional 1,573,771 shares during the last quarter. FMR LLC increased its stake in JPMorgan Chase & Co. by 3.2% in the second quarter. FMR LLC now owns 48,763,496 shares of the financial services provider’s stock valued at $7,584,673,000 after acquiring an additional 1,513,407 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in JPMorgan Chase & Co. by 62.2% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,617,001 shares of the financial services provider’s stock valued at $562,588,000 after acquiring an additional 1,386,752 shares during the last quarter. 69.51% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on JPM shares. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $175.00 price objective on the stock in a research note on Tuesday, September 28th. Jefferies Financial Group raised their target price on shares of JPMorgan Chase & Co. from $177.00 to $198.00 and gave the company a “buy” rating in a research report on Monday, October 11th. Credit Suisse Group set a $177.00 target price on shares of JPMorgan Chase & Co. in a research report on Thursday, October 14th. The Goldman Sachs Group set a $198.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 13th. Finally, Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $150.00 to $166.00 and gave the company an “underweight” rating in a research report on Thursday, July 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $168.56.

NYSE JPM traded down $1.32 during mid-day trading on Thursday, reaching $166.96. 9,629,790 shares of the stock were exchanged, compared to its average volume of 13,020,531. JPMorgan Chase & Co. has a one year low of $117.77 and a one year high of $172.96. The stock has a 50 day simple moving average of $166.07 and a 200-day simple moving average of $160.51. The stock has a market cap of $493.41 billion, a P/E ratio of 10.56, a P/E/G ratio of 2.15 and a beta of 1.16. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.86 and a quick ratio of 0.86.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, October 13th. The financial services provider reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.74. JPMorgan Chase & Co. had a net margin of 39.41% and a return on equity of 19.89%. The business had revenue of $29.60 billion during the quarter, compared to the consensus estimate of $29.63 billion. During the same quarter last year, the firm earned $2.92 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was down 1.0% on a year-over-year basis. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 14.95 EPS for the current fiscal year.

The company also recently announced a dividend, which was paid on Wednesday, November 17th. Investors of record on Monday, November 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 12th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.30%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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