Robeco Institutional Asset Management B.V. trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 752,643 shares of the financial services provider’s stock after selling 30,106 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in JPMorgan Chase & Co. were worth $71,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. Atlantic Trust LLC acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $136,000. Northwest Investment Counselors LLC acquired a new position in JPMorgan Chase & Co. in the 2nd quarter worth about $165,000. Capital Advisors Ltd. LLC raised its holdings in JPMorgan Chase & Co. by 53.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 670 shares during the period. Tortoise Investment Management LLC raised its holdings in JPMorgan Chase & Co. by 59.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,959 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 731 shares during the period. Finally, Tanaka Capital Management Inc. raised its holdings in JPMorgan Chase & Co. by 15.3% in the 2nd quarter. Tanaka Capital Management Inc. now owns 1,994 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 264 shares during the period. Hedge funds and other institutional investors own 73.76% of the company’s stock.
In related news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the transaction, the general counsel now owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.88% of the company’s stock.
A number of equities analysts have commented on JPM shares. Credit Suisse Group raised JPMorgan Chase & Co. to a “buy” rating and set a $120.00 target price for the company in a report on Friday, January 5th. Bank of America set a $102.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Friday, October 13th. Oppenheimer restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, October 12th. Jefferies Group restated a “buy” rating and issued a $102.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, September 15th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 8th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $102.52.
Shares of JPMorgan Chase & Co. (JPM) traded up $1.83 during mid-day trading on Friday, hitting $112.67. The company’s stock had a trading volume of 18,879,980 shares, compared to its average volume of 14,580,000. The stock has a market capitalization of $390,930.00, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 2.01 and a beta of 1.22. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month 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.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping 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 company had revenue of $24.15 billion for the quarter, compared to analyst estimates of $24.87 billion. During the same quarter last year, the company posted $1.71 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. research analysts forecast that JPMorgan Chase & Co. will post 6.9 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio 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.
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