Commonwealth Equity Services LLC Has $214.37 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Commonwealth Equity Services LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,572,546 shares of the financial services provider’s stock after acquiring an additional 89,468 shares during the period. Commonwealth Equity Services LLC owned 0.05% of JPMorgan Chase & Co. worth $214,369,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $4,092,843,000. GQG Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 403.3% in the 4th quarter. GQG Partners LLC now owns 5,095,612 shares of the financial services provider’s stock valued at $806,728,000 after buying an additional 4,083,231 shares during the period. Renaissance Technologies LLC lifted its position in JPMorgan Chase & Co. by 1,543.7% in the 4th quarter. Renaissance Technologies LLC now owns 3,341,486 shares of the financial services provider’s stock valued at $529,124,000 after acquiring an additional 3,138,200 shares in the last quarter. State Street Corp lifted its position in JPMorgan Chase & Co. by 1.6% in the 4th quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock valued at $22,441,376,000 after acquiring an additional 2,277,065 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in JPMorgan Chase & Co. by 21.4% in the 4th quarter. Schroder Investment Management Group now owns 5,393,466 shares of the financial services provider’s stock valued at $854,055,000 after acquiring an additional 952,346 shares in the last quarter. Institutional investors and hedge funds own 70.35% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the topic of several research reports. BMO Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $156.00 in a research report on Tuesday, May 24th. Societe Generale raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $145.00 to $150.00 in a research report on Tuesday, May 24th. Evercore ISI cut their price objective on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a research report on Friday, July 15th. Argus cut their price target on shares of JPMorgan Chase & Co. from $177.00 to $155.00 in a research report on Thursday, April 14th. Finally, The Goldman Sachs Group set a $151.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Thursday, April 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $145.95.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $114.21 on Tuesday. The firm has a 50 day simple moving average of $118.19 and a 200 day simple moving average of $130.27. The company has a market cap of $335.44 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 2.06 and a beta of 1.12. JPMorgan Chase & Co. has a one year low of $106.06 and a one year high of $172.96. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.82.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.76. The firm had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $31.82 billion. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $3.78 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 11.21 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.50%. The ex-dividend date was Tuesday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 32.10%.

JPMorgan Chase & Co. Profile

(Get Rating)

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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

Read More

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMGet Rating).

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

Want More Great Investing Ideas?

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.