Dupont Capital Management Corp Raises Position in JPMorgan Chase & Co. (JPM)

Dupont Capital Management Corp boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 517,868 shares of the financial services provider’s stock after acquiring an additional 14,887 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.1% of Dupont Capital Management Corp’s investment portfolio, making the stock its 7th largest holding. Dupont Capital Management Corp’s holdings in JPMorgan Chase & Co. were worth $49,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in JPMorgan Chase & Co. by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock valued at $22,839,729,000 after purchasing an additional 3,717,683 shares during the last quarter. Northern Trust Corp raised its position in JPMorgan Chase & Co. by 1.8% during the 2nd quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock valued at $4,475,468,000 after purchasing an additional 847,463 shares during the last quarter. Capital Research Global Investors raised its position in JPMorgan Chase & Co. by 2.5% during the 2nd quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock valued at $2,898,729,000 after purchasing an additional 765,082 shares during the last quarter. Dimensional Fund Advisors LP raised its position in JPMorgan Chase & Co. by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock valued at $2,621,677,000 after purchasing an additional 176,306 shares during the last quarter. Finally, Legal & General Group Plc raised its position in JPMorgan Chase & Co. by 2.1% during the 2nd quarter. Legal & General Group Plc now owns 17,769,351 shares of the financial services provider’s stock valued at $1,624,143,000 after purchasing an additional 369,878 shares during the last quarter. Institutional investors own 73.76% of the company’s stock.

A number of research analysts have commented on JPM shares. Argus upped their price target on JPMorgan Chase & Co. from $109.00 to $125.00 and gave the company a “buy” rating in a research report on Friday. Barclays upped their price target on JPMorgan Chase & Co. from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Nomura set a $115.00 price target on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Friday. Credit Suisse Group reaffirmed a “buy” rating and set a $110.00 price target (up previously from $103.00) on shares of JPMorgan Chase & Co. in a research report on Monday, October 9th. They noted that the move was a valuation call. Finally, Oppenheimer reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $102.52.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction 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 transaction, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.88% of the company’s stock.

JPMorgan Chase & Co. (NYSE JPM) opened at $112.67 on Friday. JPMorgan Chase & Co. has a 52-week low of $81.64 and a 52-week high of $112.85. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $390,930.00, a P/E ratio of 16.16, a P/E/G ratio of 2.04 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The business had revenue of $24.15 billion for the quarter, compared to the consensus estimate of $24.87 billion. During the same period last year, the business posted $1.71 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. equities analysts forecast that JPMorgan Chase & Co. will post 6.91 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be paid a $0.56 dividend. The ex-dividend date is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.99%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 32.14%.

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JPMorgan Chase & Co. Company 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.

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

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