Nwam LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 14.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,527 shares of the financial services provider’s stock after buying an additional 2,789 shares during the period. Nwam LLC’s holdings in JPMorgan Chase & Co. were worth $3,131,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of JPMorgan Chase & Co. by 97,681.8% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,056,747,063 shares of the financial services provider’s stock valued at $299,133,293,000 after acquiring an additional 2,054,643,659 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 105,652.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after acquiring an additional 97,907,897 shares during the period. Norges Bank bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $3,894,646,000. Morgan Stanley lifted its holdings in shares of JPMorgan Chase & Co. by 15.9% during the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after acquiring an additional 8,088,433 shares during the period. Finally, Providence Capital Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 13,205.6% during the first quarter. Providence Capital Advisors LLC now owns 5,395,818 shares of the financial services provider’s stock valued at $41,407,000 after acquiring an additional 5,355,265 shares during the period. Institutional investors and hedge funds own 68.94% of the company’s stock.
Insider Buying and Selling at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total value of $624,346.60. Following the completion of the transaction, the general counsel now directly owns 53,425 shares in the company, valued at $7,739,145.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Stock Performance
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its earnings results on Friday, October 13th. The financial services provider reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.95 by $0.38. JPMorgan Chase & Co. had a return on equity of 17.97% and a net margin of 22.79%. The company had revenue of $40.69 billion for the quarter, compared to analyst estimates of $39.63 billion. During the same period in the prior year, the firm posted $3.12 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 24.4% on a year-over-year basis. Sell-side analysts expect that JPMorgan Chase & Co. will post 16.67 EPS for the current fiscal year.
JPMorgan Chase & Co. Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were given a $1.05 dividend. The ex-dividend date was Thursday, October 5th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 2.75%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.07%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on JPM shares. BMO Capital Markets lifted their price target on JPMorgan Chase & Co. from $167.00 to $171.00 and gave the company a “market perform” rating in a report on Monday, October 16th. Evercore ISI lifted their price target on JPMorgan Chase & Co. from $158.00 to $167.00 in a report on Thursday, October 5th. StockNews.com started coverage on JPMorgan Chase & Co. in a report on Thursday, October 5th. They issued a “hold” rating for the company. 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 report on Thursday, November 2nd. Finally, HSBC assumed coverage on JPMorgan Chase & Co. in a report on Thursday, September 7th. They issued a “hold” rating and a $159.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $168.80.
About JPMorgan Chase & Co.
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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