Norinchukin Bank The lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 21.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 206,059 shares of the financial services provider’s stock after buying an additional 35,776 shares during the period. Norinchukin Bank The’s holdings in JPMorgan Chase & Co. were worth $19,681,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter worth approximately $102,000. Welch Investments LLC acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter worth approximately $103,000. Legacy Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter worth approximately $106,000. Atlantic Trust LLC acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter worth approximately $136,000. Finally, Lipe & Dalton acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter worth approximately $143,000. 73.66% of the stock is currently owned by hedge funds and other institutional investors.
Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $112.43 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $117.35. The company has a market cap of $390,100.00, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 1.86 and a beta of 1.22.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data 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 net margin of 21.46% and a return on equity of 11.63%. The business had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same period in the previous year, the business posted $1.71 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. equities research analysts predict that JPMorgan Chase & Co. will post 8.85 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 5th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.11%.
In related news, insider Ashley Bacon sold 16,434 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total value of $1,844,223.48. Following the completion of the transaction, the insider now directly owns 98,811 shares in the company, valued at approximately $11,088,570.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Peter Scher sold 26,532 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $113.42, for a total transaction of $3,009,259.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 152,047 shares of company stock valued at $17,098,115. Company insiders own 0.88% of the company’s stock.
A number of analysts recently commented on the stock. Keefe, Bruyette & Woods upgraded shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 target price for the company in a research note on Tuesday. Buckingham Research upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Thursday, December 21st. Nomura set a $115.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research note on Friday, January 12th. Vetr upgraded shares of JPMorgan Chase & Co. from a “strong sell” rating to a “sell” rating and set a $102.07 target price for the company in a research note on Tuesday, February 6th. Finally, Argus lifted their target price 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. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $108.71.
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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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