Johnson Investment Counsel Inc. Has $32.75 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Johnson Investment Counsel Inc. reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 225,189 shares of the financial services provider’s stock after selling 6,124 shares during the period. Johnson Investment Counsel Inc.’s holdings in JPMorgan Chase & Co. were worth $32,752,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Bank Julius Baer & Co. Ltd Zurich increased its stake in JPMorgan Chase & Co. by 97,681.8% in 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 purchasing an additional 2,054,643,659 shares in the last quarter. Moneta Group Investment Advisors LLC increased its stake in JPMorgan Chase & Co. by 105,652.2% in 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 purchasing an additional 97,907,897 shares in the last quarter. Norges Bank bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $3,894,646,000. Morgan Stanley increased its stake in JPMorgan Chase & Co. by 15.9% in 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 purchasing an additional 8,088,433 shares in the last quarter. Finally, Providence Capital Advisors LLC increased its stake in JPMorgan Chase & Co. by 13,205.6% in 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 purchasing an additional 5,355,265 shares in the last quarter. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JPM. Oppenheimer upped their target price on shares of JPMorgan Chase & Co. from $233.00 to $243.00 and gave the company an “outperform” rating in a research note on Thursday, November 16th. StockNews.com began coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, October 5th. They issued a “hold” rating for the company. BMO Capital Markets upped their target price on shares of JPMorgan Chase & Co. from $167.00 to $171.00 and gave the company a “market perform” rating in a research note on Monday, October 16th. Jefferies Financial Group lowered their price objective on shares of JPMorgan Chase & Co. from $176.00 to $169.00 in a research report on Tuesday, October 10th. Finally, Odeon Capital Group downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a research report on Thursday, November 2nd. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $168.80.

JPMorgan Chase & Co. Stock Up 0.3 %

Shares of JPM stock opened at $153.29 on Tuesday. The firm’s fifty day moving average price is $145.23 and its two-hundred day moving average price is $145.34. JPMorgan Chase & Co. has a 1 year low of $123.11 and a 1 year high of $159.38. The firm has a market capitalization of $443.16 billion, a P/E ratio of 9.15, a PEG ratio of 1.80 and a beta of 1.12. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 13th. The financial services provider reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $3.95 by $0.38. JPMorgan Chase & Co. had a net margin of 22.79% and a return on equity of 17.97%. The company had revenue of $40.69 billion during the quarter, compared to the consensus estimate of $39.63 billion. During the same quarter last year, the firm posted $3.12 EPS. The company’s quarterly revenue was up 24.4% on a year-over-year basis. On average, equities analysts predict that JPMorgan Chase & Co. will post 16.67 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Thursday, October 5th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.07%.

Insider Activity

In related news, General Counsel Stacey Friedman sold 4,310 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $144.86, for a total transaction of $624,346.60. Following the completion of the sale, the general counsel now owns 53,425 shares of the company’s stock, valued at approximately $7,739,145.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Profile

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.