Banco Santander S.A. Buys 11,176 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Banco Santander S.A. lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 236,757 shares of the financial services provider’s stock after purchasing an additional 11,176 shares during the period. JPMorgan Chase & Co. accounts for 0.5% of Banco Santander S.A.’s portfolio, making the stock its 29th largest holding. Banco Santander S.A.’s holdings in JPMorgan Chase & Co. were worth $34,334,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Sumitomo Mitsui Financial Group Inc. lifted its holdings in JPMorgan Chase & Co. by 5.2% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 75,956 shares of the financial services provider’s stock valued at $11,015,000 after purchasing an additional 3,742 shares during the last quarter. Fidelis Capital Partners LLC lifted its position in JPMorgan Chase & Co. by 6.8% during the third quarter. Fidelis Capital Partners LLC now owns 23,318 shares of the financial services provider’s stock worth $3,382,000 after acquiring an additional 1,476 shares during the last quarter. Pinnacle West Asset Management Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 5.1% during the third quarter. Pinnacle West Asset Management Inc. now owns 14,915 shares of the financial services provider’s stock worth $2,163,000 after acquiring an additional 725 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $253,076,000. Finally, Western Wealth Management LLC increased its stake in shares of JPMorgan Chase & Co. by 7.1% during the third quarter. Western Wealth Management LLC now owns 50,195 shares of the financial services provider’s stock worth $7,279,000 after purchasing an additional 3,326 shares during the period. 68.94% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Trading Up 0.2 %

JPM opened at $175.43 on Thursday. The company has a market cap of $504.65 billion, a P/E ratio of 10.82, a PEG ratio of 2.21 and a beta of 1.14. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.30. The company’s 50 day moving average is $167.91 and its 200-day moving average is $155.05. JPMorgan Chase & Co. has a 1-year low of $123.11 and a 1-year high of $178.30.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). The company had revenue of $38.57 billion during the quarter, compared to analyst estimates of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.57 EPS. Equities research analysts predict that JPMorgan Chase & Co. will post 15.85 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Thursday, January 4th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is 25.89%.

Analyst Ratings Changes

Several research firms have weighed in on JPM. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. BMO Capital Markets raised their price target on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 16th. Oppenheimer increased their target price on shares of JPMorgan Chase & Co. from $232.00 to $238.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Odeon Capital Group cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a research note on Thursday, November 2nd. Finally, Bank of America raised their price objective on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.11.

View Our Latest Stock Analysis on JPM

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,812 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total value of $301,969.80. Following the completion of the transaction, the insider now directly owns 46,766 shares in the company, valued at approximately $7,793,553.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Vice Chairman Peter Scher sold 1,812 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total transaction of $301,969.80. Following the completion of the transaction, the insider now owns 46,766 shares of the company’s stock, valued at $7,793,553.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jennifer Piepszak sold 1,649 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total value of $274,706.91. Following the completion of the transaction, the chief executive officer now directly owns 34,467 shares of the company’s stock, valued at $5,741,857.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,072 shares of company stock worth $6,297,103. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Profile

(Free Report)

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 deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.

Further Reading

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

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