Mitchell Capital Management Co. Has $4.36 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Mitchell Capital Management Co. decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,702 shares of the financial services provider’s stock after selling 305 shares during the quarter. JPMorgan Chase & Co. makes up about 1.2% of Mitchell Capital Management Co.’s investment portfolio, making the stock its 17th biggest holding. Mitchell Capital Management Co.’s holdings in JPMorgan Chase & Co. were worth $4,358,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its holdings in JPMorgan Chase & Co. by 23.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock worth $3,566,044,000 after acquiring an additional 5,978,393 shares in the last quarter. Greenhaven Associates Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 600.7% in the 2nd quarter. Greenhaven Associates Inc. now owns 4,533,856 shares of the financial services provider’s stock valued at $510,558,000 after buying an additional 3,886,845 shares during the last quarter. Public Investment Fund bought a new position in shares of JPMorgan Chase & Co. in the second quarter valued at $433,667,000. Franklin Resources Inc. increased its holdings in JPMorgan Chase & Co. by 21.1% during the second quarter. Franklin Resources Inc. now owns 19,739,048 shares of the financial services provider’s stock worth $2,222,815,000 after buying an additional 3,435,522 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in JPMorgan Chase & Co. by 244.8% during the second quarter. Renaissance Technologies LLC now owns 3,931,843 shares of the financial services provider’s stock worth $442,765,000 after acquiring an additional 2,791,457 shares in the last quarter. 67.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, October 4th. Oppenheimer dropped their price objective on JPMorgan Chase & Co. from $174.00 to $169.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 28th. Credit Suisse Group set a $150.00 target price on JPMorgan Chase & Co. in a research note on Friday, January 6th. BMO Capital Markets increased their price target on JPMorgan Chase & Co. from $149.00 to $158.00 and gave the company a “market perform” rating in a research note on Monday, October 17th. Finally, Citigroup lifted their price objective on shares of JPMorgan Chase & Co. from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, December 12th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $145.17.

JPMorgan Chase & Co. Trading Up 2.5 %

Shares of NYSE:JPM opened at $143.01 on Tuesday. The business’s 50 day simple moving average is $134.29 and its 200 day simple moving average is $122.13. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $161.03. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $419.48 billion, a P/E ratio of 11.84, a P/E/G ratio of 2.23 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.43. The company had revenue of $34.55 billion for the quarter, compared to analyst estimates of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. JPMorgan Chase & Co.’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.33 EPS. On average, research analysts anticipate that JPMorgan Chase & Co. will post 12.81 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 5,139 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The shares were 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 directly owns 248,011 shares in the company, valued at $31,006,335.22. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Douglas B. Petno sold 5,139 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $642,477.78. Following the transaction, the chief executive officer now owns 248,011 shares in the company, valued at approximately $31,006,335.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robin Leopold sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $125.07, for a total value of $250,140.00. Following the completion of the sale, the insider now directly owns 19,031 shares in the company, valued at $2,380,207.17. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,449 shares of company stock valued at $1,056,394. Company insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co.

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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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