Alley Co LLC decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,365 shares of the financial services provider’s stock after selling 1,040 shares during the quarter. JPMorgan Chase & Co. makes up 3.6% of Alley Co LLC’s holdings, making the stock its biggest position. Alley Co LLC’s holdings in JPMorgan Chase & Co. were worth $9,777,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Private Vista LLC acquired a new position in JPMorgan Chase & Co. in the second quarter valued at approximately $102,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth approximately $102,000. Atlantic Trust LLC acquired a new position in shares of JPMorgan Chase & Co. during the second quarter worth approximately $136,000. Northwest Investment Counselors LLC acquired a new position in shares of JPMorgan Chase & Co. during the second quarter worth approximately $165,000. Finally, Capital Advisors Ltd. LLC grew its holdings in JPMorgan Chase & Co. by 53.0% during the second quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after buying an additional 670 shares in the last quarter. 73.76% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on the company. Societe Generale downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday. Vetr downgraded JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price target for the company. in a research note on Wednesday. Credit Suisse Group raised JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price objective on the stock in a report on Friday, January 5th. Barclays raised their price target on JPMorgan Chase & Co. from $105.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Finally, Wells Fargo & Co set a $120.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $93.64.
Shares of JPMorgan Chase & Co. (JPM) opened at $110.25 on Thursday. The company has a market capitalization of $382,540.00, a price-to-earnings ratio of 15.82, a PEG ratio of 2.04 and a beta of 1.22. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. JPMorgan Chase & Co. has a twelve month low of $81.64 and a twelve month high of $110.70.
JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.09. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The firm had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. During the same period last year, the firm earned $1.58 EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. sell-side analysts expect that JPMorgan Chase & Co. will post 6.91 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.03%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is 32.14%.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the transaction, the general counsel now directly owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.88% of the company’s stock.
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About JPMorgan Chase & Co.
JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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