Hardman Johnston Global Advisors LLC Acquires 29,970 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Hardman Johnston Global Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 18.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 195,410 shares of the financial services provider’s stock after buying an additional 29,970 shares during the period. Hardman Johnston Global Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $18,664,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Saturna Capital CORP increased its holdings in JPMorgan Chase & Co. by 8.9% in the first quarter. Saturna Capital CORP now owns 17,923 shares of the financial services provider’s stock valued at $1,574,000 after buying an additional 1,470 shares in the last quarter. Kovitz Investment Group Partners LLC increased its stake in shares of JPMorgan Chase & Co. by 0.3% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 938,608 shares of the financial services provider’s stock worth $82,447,000 after purchasing an additional 2,444 shares in the last quarter. Horizon Investment Services LLC increased its stake in shares of JPMorgan Chase & Co. by 927.4% during the 1st quarter. Horizon Investment Services LLC now owns 46,027 shares of the financial services provider’s stock worth $4,043,000 after purchasing an additional 41,547 shares in the last quarter. Almanack Investment Partners LLC. increased its stake in shares of JPMorgan Chase & Co. by 23.9% during the 1st quarter. Almanack Investment Partners LLC. now owns 3,813 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 736 shares in the last quarter. Finally, Farmers National Bank increased its stake in shares of JPMorgan Chase & Co. by 0.7% during the 1st quarter. Farmers National Bank now owns 10,693 shares of the financial services provider’s stock worth $712,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 73.78% of the company’s stock.

A number of research analysts have recently weighed in on the stock. Argus raised their price objective on shares of JPMorgan Chase & Co. from $109.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Vining Sparks reaffirmed a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, January 12th. Bank of America set a $119.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Monday. Deutsche Bank set a $96.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $125.00 target price (up from $120.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday. 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 stock. The company presently has an average rating of “Hold” and a consensus price target of $104.85.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction 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 owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.88% of the company’s stock.

JPMorgan Chase & Co. (NYSE JPM) opened at $112.27 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The firm has a market cap of $389,550.00, a price-to-earnings ratio of 17.60, a P/E/G ratio of 2.01 and a beta of 1.22. JPMorgan Chase & Co. has a 1-year low of $81.64 and a 1-year high of $113.43.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The business had revenue of $24.15 billion for the quarter, compared to analyst estimates of $24.87 billion. During the same quarter in the previous year, the business posted $1.71 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. research analysts forecast that JPMorgan Chase & Co. will post 8.41 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be issued a $0.56 dividend. The ex-dividend date is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a yield of 2.00%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.11%.

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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.

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

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