Strid Group LLC Acquires New Position in JPMorgan Chase & Co. (JPM)

Strid Group LLC purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,990 shares of the financial services provider’s stock, valued at approximately $286,000. JPMorgan Chase & Co. accounts for about 0.1% of Strid Group LLC’s investment portfolio, making the stock its 20th largest position.

A number of other large investors also recently bought and sold shares of the business. Kornitzer Capital Management Inc. KS increased its position in shares of JPMorgan Chase & Co. by 1.1% in the second quarter. Kornitzer Capital Management Inc. KS now owns 74,358 shares of the financial services provider’s stock worth $6,796,000 after acquiring an additional 840 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of JPMorgan Chase & Co. by 1.0% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 195,643 shares of the financial services provider’s stock worth $17,882,000 after acquiring an additional 1,953 shares in the last quarter. Honkamp Krueger Financial Services Inc. increased its position in shares of JPMorgan Chase & Co. by 1.5% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 33,440 shares of the financial services provider’s stock worth $3,056,000 after acquiring an additional 489 shares in the last quarter. Pillar Pacific Capital Management LLC increased its position in shares of JPMorgan Chase & Co. by 8.4% in the second quarter. Pillar Pacific Capital Management LLC now owns 43,337 shares of the financial services provider’s stock worth $3,961,000 after acquiring an additional 3,350 shares in the last quarter. Finally, Cardinal Capital Management increased its position in shares of JPMorgan Chase & Co. by 3.5% in the second quarter. Cardinal Capital Management now owns 59,188 shares of the financial services provider’s stock worth $5,410,000 after acquiring an additional 1,976 shares in the last quarter. 73.66% of the stock is currently owned by institutional investors.

Several research firms have recently issued reports on JPM. Keefe, Bruyette & Woods raised shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 price objective for the company in a research report on Tuesday, February 13th. ValuEngine raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Vining Sparks reissued a “buy” rating and issued a $120.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, January 12th. Vetr raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $105.98 price objective for the company in a research report on Monday, February 12th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 8th. Two 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. The stock has an average rating of “Hold” and an average price target of $108.71.

JPMorgan Chase & Co. (JPM) opened at $114.68 on Friday. The firm has a market cap of $397,910.00, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.97 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 fifty-two week low of $81.64 and a fifty-two week high of $117.35.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.07. The company had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business earned $1.71 EPS. sell-side analysts predict that JPMorgan Chase & Co. will post 8.78 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.11%.

In other JPMorgan Chase & Co. news, CFO Marianne Lake sold 9,194 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total transaction of $1,031,750.68. Following the completion of the transaction, the chief financial officer now directly owns 49,637 shares of the company’s stock, valued at approximately $5,570,264.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mary E. Erdoes sold 65,101 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the transaction, the chief executive officer now directly owns 479,882 shares of the company’s stock, valued at $53,866,754.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,047 shares of company stock valued at $17,098,115. 0.88% of the stock is owned by company insiders.

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

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