Financiere des Professionnels Fonds d investissement inc. Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

Financiere des Professionnels Fonds d investissement inc. bought a new position in JPMorgan Chase & Co. (NYSE:JPMFree Report) in the third quarter, according to its most recent filing with the SEC. The firm bought 66,043 shares of the financial services provider’s stock, valued at approximately $9,578,000. JPMorgan Chase & Co. makes up 0.9% of Financiere des Professionnels Fonds d investissement inc.’s investment portfolio, making the stock its 24th largest position.

A number of other hedge funds have also bought and sold shares of JPM. TAGStone Capital Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 5.3% during the third quarter. TAGStone Capital Inc. now owns 2,343 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 117 shares during the period. Davidson Investment Advisors lifted its stake in JPMorgan Chase & Co. by 35.6% during the 3rd quarter. Davidson Investment Advisors now owns 6,302 shares of the financial services provider’s stock valued at $914,000 after acquiring an additional 1,654 shares during the period. Carson Advisory Inc. boosted its holdings in JPMorgan Chase & Co. by 12.8% in the third quarter. Carson Advisory Inc. now owns 11,371 shares of the financial services provider’s stock valued at $1,649,000 after purchasing an additional 1,290 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co grew its position in JPMorgan Chase & Co. by 9.1% during the 3rd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 174,600 shares of the financial services provider’s stock worth $25,320,000 after purchasing an additional 14,500 shares during the period. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $566,000. Institutional investors and hedge funds own 68.94% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on JPM shares. Bank of America upped their target price 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. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. BMO Capital Markets boosted their target price on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a research note on Tuesday, January 16th. Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Finally, Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $140.00 to $190.00 in a report on Tuesday, January 9th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $179.11.

Read Our Latest Analysis on JPM

JPMorgan Chase & Co. Stock Up 0.1 %

Shares of JPM opened at $175.01 on Monday. The stock has a 50 day moving average price of $168.65 and a 200 day moving average price of $155.28. JPMorgan Chase & Co. has a one year low of $123.11 and a one year high of $178.30. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.90 and a current ratio of 0.91. The stock has a market capitalization of $503.44 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 2.21 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). The business had revenue of $38.57 billion for the quarter, compared to analysts’ expectations of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. JPMorgan Chase & Co.’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.57 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 15.87 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Thursday, January 4th were issued a $1.05 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $4.20 dividend on an annualized basis and a yield of 2.40%. JPMorgan Chase & Co.’s payout ratio is 25.89%.

Insiders Place Their Bets

In other news, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total value of $561,546.64. Following the completion of the sale, the insider now directly owns 205,461 shares in the company, valued at $34,256,512.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total transaction of $561,546.64. Following the transaction, the insider now owns 205,461 shares in the company, valued at approximately $34,256,512.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Peter Scher sold 1,812 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The disclosure for this sale can be found here. Insiders have sold 39,072 shares of company stock valued at $6,297,103 in the last ninety days. 0.79% of the stock is currently owned by corporate insiders.

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.

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

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