Alta Advisers Ltd Invests $784,000 in JPMorgan Chase & Co. (NYSE:JPM)

Alta Advisers Ltd purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 7,500 shares of the financial services provider’s stock, valued at approximately $784,000. JPMorgan Chase & Co. accounts for about 0.5% of Alta Advisers Ltd’s holdings, making the stock its 17th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Grayhawk Investment Strategies Inc. bought a new stake in JPMorgan Chase & Co. in the second quarter valued at approximately $32,000. HBC Financial Services PLLC boosted its holdings in JPMorgan Chase & Co. by 61.2% in the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 90 shares during the last quarter. Financial Connections Group Inc. boosted its holdings in JPMorgan Chase & Co. by 48.5% in the second quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 100 shares during the last quarter. Horizons Wealth Management bought a new stake in JPMorgan Chase & Co. in the second quarter valued at approximately $39,000. Finally, New Millennium Group LLC acquired a new position in JPMorgan Chase & Co. in the second quarter valued at approximately $39,000. 67.89% of the stock is currently owned by institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO Douglas B. Petno sold 5,139 shares of the stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $642,477.78. Following the completion of the transaction, the chief executive officer now owns 248,011 shares in the company, valued at approximately $31,006,335.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Douglas B. Petno sold 5,139 shares of the stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $642,477.78. Following the completion of the transaction, the chief executive officer now owns 248,011 shares in the company, valued at approximately $31,006,335.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Peter Scher sold 1,310 shares of the stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $163,776.20. Following the transaction, the insider now owns 34,973 shares of the company’s stock, valued at approximately $4,372,324.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,449 shares of company stock worth $1,056,394. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Up 2.5 %

Shares of NYSE:JPM opened at $143.01 on Monday. The company has a market capitalization of $419.48 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 2.23 and a beta of 1.13. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.84 and a quick ratio of 0.84. The business has a fifty day moving average price of $134.06 and a two-hundred day moving average price of $121.92. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $161.03.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.43. The firm had revenue of $34.55 billion during the quarter, compared to the consensus estimate of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.52% and a net margin of 26.85%. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.33 EPS. Analysts forecast that JPMorgan Chase & Co. will post 12.81 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be paid a dividend of $1.00 per share. The ex-dividend date is Thursday, January 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.80%. JPMorgan Chase & Co.’s payout ratio is 33.11%.

Analysts Set New Price Targets

Several equities analysts have issued reports on JPM shares. Credit Suisse Group set a $150.00 price target on JPMorgan Chase & Co. in a research note on Friday, January 6th. Barclays upped their target price on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. UBS Group set a $156.00 target price on JPMorgan Chase & Co. in a research report on Friday. StockNews.com initiated coverage on JPMorgan Chase & Co. in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Royal Bank of Canada set a $130.00 target price on JPMorgan Chase & Co. in a research report on Friday. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $145.17.

JPMorgan Chase & Co. Company Profile

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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.

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

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