Aptus Capital Advisors LLC Buys 15,607 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Aptus Capital Advisors LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 11.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 153,622 shares of the financial services provider’s stock after purchasing an additional 15,607 shares during the quarter. Aptus Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $16,054,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in JPM. Price T Rowe Associates Inc. MD raised its holdings in shares of JPMorgan Chase & Co. by 23.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock valued at $3,566,044,000 after buying an additional 5,978,393 shares during the last quarter. Greenhaven Associates Inc. raised its holdings in shares of JPMorgan Chase & Co. by 600.7% in the second 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 about $433,667,000. Franklin Resources Inc. raised its holdings in shares of JPMorgan Chase & Co. by 21.1% in the second quarter. Franklin Resources Inc. now owns 19,739,048 shares of the financial services provider’s stock valued at $2,222,815,000 after buying an additional 3,435,522 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of JPMorgan Chase & Co. by 244.8% in the second quarter. Renaissance Technologies LLC now owns 3,931,843 shares of the financial services provider’s stock valued at $442,765,000 after buying an additional 2,791,457 shares during the last quarter. 67.89% of the stock is owned by institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Mellody L. Hobson bought 375 shares of the business’s stock in a transaction on Thursday, January 19th. The shares were purchased at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the purchase, the director now owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Mellody L. Hobson bought 375 shares of the business’s stock in a transaction on Thursday, January 19th. The shares were purchased at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the purchase, the director now owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas B. Petno sold 5,139 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 248,011 shares in the company, valued at approximately $31,006,335.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,336 shares of company stock worth $6,372,156. Corporate insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

JPM has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and cut their price target for the company from $155.00 to $145.00 in a report on Friday, January 6th. Morgan Stanley lifted their price objective on JPMorgan Chase & Co. from $153.00 to $167.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 17th. Oppenheimer lifted their price objective on JPMorgan Chase & Co. from $169.00 to $177.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 17th. Citigroup lifted their price objective on JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Finally, StockNews.com assumed coverage on JPMorgan Chase & Co. in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.89.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $135.08 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a 50 day simple moving average of $134.60 and a 200 day simple moving average of $122.80. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $159.03. The firm has a market capitalization of $396.22 billion, a PE ratio of 11.18, a P/E/G ratio of 2.10 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.46. The business had revenue of $34.55 billion during 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.33 EPS. Sell-side analysts predict that JPMorgan Chase & Co. will post 12.88 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. Shareholders of record on Friday, January 6th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.96%. The ex-dividend date is Thursday, January 5th. JPMorgan Chase & Co.’s payout ratio is 33.11%.

About JPMorgan Chase & Co.

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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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