Trillium Asset Management LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 34.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,514 shares of the financial services provider’s stock after acquiring an additional 1,409 shares during the period. Trillium Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $527,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of JPM. Private Vista LLC acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter worth about $102,000. Kohmann Bosshard Financial Services LLC acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter worth about $102,000. Legacy Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter worth about $106,000. Atlantic Trust LLC acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter worth about $136,000. Finally, Northwest Investment Counselors LLC acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter worth about $165,000. 73.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of JPMorgan Chase & Co. (JPM) opened at $113.26 on Friday. The company has a market capitalization of $392,980.00, a PE ratio of 17.75, a P/E/G ratio of 1.96 and a beta of 1.22. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a twelve month low of $81.64 and a twelve month high of $113.72.
JPMorgan Chase & Co. (NYSE:JPM) last announced 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. The business had revenue of $24.15 billion for the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the business posted $1.71 EPS. research analysts predict that JPMorgan Chase & Co. will post 8.65 earnings per share for the current year.
The business also recently announced 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. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 annualized dividend and a dividend yield of 1.98%. JPMorgan Chase & Co.’s payout ratio is currently 35.11%.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the sale, 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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Ashley Bacon sold 16,434 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total value of $1,844,223.48. Following the sale, the insider now owns 98,811 shares in the company, valued at $11,088,570.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 127,614 shares of company stock worth $14,302,869. Company insiders own 0.88% of the company’s stock.
A number of equities analysts have recently commented on JPM shares. Vetr downgraded JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price objective on the stock. in a report on Wednesday, January 10th. Credit Suisse Group upgraded JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price objective on the stock in a report on Friday, January 5th. Vining Sparks restated a “buy” rating and issued a $120.00 price objective on shares of JPMorgan Chase & Co. in a report on Friday, January 12th. Bank of America set a $102.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, Oppenheimer restated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $105.81.
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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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