Lincoln Capital Corp raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,093 shares of the financial services provider’s stock after buying an additional 1,638 shares during the quarter. JPMorgan Chase & Co. accounts for 3.1% of Lincoln Capital Corp’s portfolio, making the stock its 16th largest position. Lincoln Capital Corp’s holdings in JPMorgan Chase & Co. were worth $3,447,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of JPM. Janus Henderson Group PLC lifted its position in shares of JPMorgan Chase & Co. by 517.3% in the second quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock worth $507,632,000 after purchasing an additional 4,654,113 shares in the last quarter. Alliancebernstein L.P. raised its position in JPMorgan Chase & Co. by 29.2% during the second quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock valued at $1,595,542,000 after acquiring an additional 3,945,948 shares in the last quarter. Vanguard Group Inc. raised its position in JPMorgan Chase & Co. by 1.5% during the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock valued at $22,839,729,000 after acquiring an additional 3,717,683 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in JPMorgan Chase & Co. by 40.8% during the second quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock valued at $892,886,000 after acquiring an additional 2,828,726 shares in the last quarter. Finally, Harbour Capital Advisors LLC raised its position in JPMorgan Chase & Co. by 8,767.4% during the second quarter. Harbour Capital Advisors LLC now owns 2,794,464 shares of the financial services provider’s stock valued at $30,574,000 after acquiring an additional 2,762,950 shares in the last quarter. 73.76% of the stock is owned by institutional investors.
JPM has been the topic of several analyst reports. Bank of America set a $102.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Friday, October 13th. Jefferies Group restated a “buy” rating and issued a $102.00 price objective on shares of JPMorgan Chase & Co. in a research note on Friday, September 15th. Credit Suisse Group restated a “buy” rating and issued a $110.00 price objective (up previously from $103.00) on shares of JPMorgan Chase & Co. in a research note on Monday, October 9th. They noted that the move was a valuation call. Royal Bank of Canada reaffirmed a “buy” rating and issued a $105.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, November 15th. Finally, Wells Fargo & Co set a $120.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Four equities research 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 currently has a consensus rating of “Hold” and an average target price of $93.64.
JPMorgan Chase & Co. (NYSE JPM) traded up $0.59 during trading on Thursday, hitting $110.84. The stock had a trading volume of 13,377,600 shares, compared to its average volume of 14,680,000. The firm has a market cap of $384,580.00, a price-to-earnings ratio of 15.90, a P/E/G ratio of 2.04 and a beta of 1.22. JPMorgan Chase & Co. has a 52 week low of $81.64 and a 52 week high of $110.93. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $25.33 billion during the quarter, compared to analyst estimates of $24.91 billion. During the same period in the previous year, the firm earned $1.58 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 2.6% compared to the same quarter last year. equities research analysts expect that JPMorgan Chase & Co. will post 6.91 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be given a $0.56 dividend. The ex-dividend date is Thursday, January 4th. This represents a $2.24 annualized dividend and a dividend yield of 2.02%. JPMorgan Chase & Co.’s dividend payout ratio is presently 32.14%.
In related news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the transaction, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is currently owned by insiders.
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JPMorgan Chase & Co. Profile
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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