JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Quilter Plc

Quilter Plc grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 813,429 shares of the financial services provider’s stock after buying an additional 14,334 shares during the quarter. JPMorgan Chase & Co. accounts for about 3.0% of Quilter Plc’s portfolio, making the stock its 7th largest holding. Quilter Plc’s holdings in JPMorgan Chase & Co. were worth $85,004,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of JPM. HBC Financial Services PLLC lifted its holdings in shares of JPMorgan Chase & Co. by 61.2% in the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after buying an additional 90 shares during the period. Grayhawk Investment Strategies Inc. acquired a new position in JPMorgan Chase & Co. in the 2nd quarter worth about $32,000. Financial Connections Group Inc. raised its holdings in JPMorgan Chase & Co. by 48.5% in the 2nd quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 100 shares during the period. Horizons Wealth Management acquired a new position in JPMorgan Chase & Co. in the 2nd quarter worth about $39,000. Finally, New Millennium Group LLC acquired a new position in JPMorgan Chase & Co. in the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 67.89% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.2 %

Shares of JPMorgan Chase & Co. stock opened at $135.08 on Monday. The firm has a market capitalization of $396.22 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 2.10 and a beta of 1.13. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $159.03. 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 moving average of $134.60 and a 200 day moving average of $122.80.

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 for the quarter, topping the consensus estimate of $3.11 by $0.46. The company 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%. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.33 earnings per share. As a group, research analysts predict that JPMorgan Chase & Co. will post 12.88 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be given a $1.00 dividend. The ex-dividend date is Thursday, January 5th. This represents a $4.00 annualized dividend and a yield of 2.96%. JPMorgan Chase & Co.’s payout ratio is 33.11%.

Insider Buying and Selling

In related news, CEO Douglas B. Petno sold 5,139 shares of the 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 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 Securities & Exchange Commission, which is available at this hyperlink. In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 10,340 shares of the company’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the transaction, the chief executive officer now directly owns 544,136 shares in the company, valued at $76,336,839.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas B. Petno sold 5,139 shares of the company’s 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 $31,006,335.22. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,336 shares of company stock worth $6,372,156. Company insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on JPM shares. BMO Capital Markets upped their price target on JPMorgan Chase & Co. from $149.00 to $158.00 and gave the stock a “market perform” rating in a report on Monday, October 17th. UBS Group set a $156.00 price target on JPMorgan Chase & Co. in a report on Friday, January 13th. Oppenheimer boosted their price objective on JPMorgan Chase & Co. from $169.00 to $177.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 17th. Citigroup boosted their price objective on JPMorgan Chase & Co. from $150.00 to $165.00 in a research note on Tuesday, January 17th. Finally, Deutsche Bank Aktiengesellschaft lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and cut their price objective for the stock from $155.00 to $145.00 in a research note on Friday, January 6th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.89.

JPMorgan Chase & Co. Profile

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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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