JPMorgan Chase & Co. (JPM) Position Boosted by Jackson Wealth Management LLC

Jackson Wealth Management LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,532 shares of the financial services provider’s stock after acquiring an additional 984 shares during the period. Jackson Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,897,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in JPMorgan Chase & Co. by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after buying an additional 3,717,683 shares in the last quarter. Northern Trust Corp grew its stake in JPMorgan Chase & Co. by 1.8% in the 2nd quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock worth $4,475,468,000 after buying an additional 847,463 shares in the last quarter. Capital Research Global Investors grew its stake in JPMorgan Chase & Co. by 2.5% in the 2nd quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock worth $2,898,729,000 after buying an additional 765,082 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in JPMorgan Chase & Co. by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock worth $2,621,677,000 after buying an additional 176,306 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in JPMorgan Chase & Co. by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 17,769,351 shares of the financial services provider’s stock worth $1,624,143,000 after buying an additional 369,878 shares in the last quarter. 73.66% of the stock is owned by institutional investors.

In related news, insider Peter Scher sold 26,532 shares of the company’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Stacey Friedman sold 17,729 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $112.33, for a total transaction of $1,991,498.57. Following the sale, the general counsel now owns 21,260 shares of the company’s stock, valued at $2,388,135.80. The disclosure for this sale can be found here. Insiders have sold a total of 152,047 shares of company stock valued at $17,098,115 over the last quarter. 0.88% of the stock is currently owned by company insiders.

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $114.68 on Monday. JPMorgan Chase & Co. has a 1-year low of $81.64 and a 1-year high of $117.35. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. The firm has a market cap of $397,910.00, a P/E ratio of 17.97, a PEG ratio of 1.96 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Zacks’ 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 company had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. During the same period in the prior year, the business posted $1.71 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. research analysts predict that JPMorgan Chase & Co. will post 8.78 earnings per share for the current year.

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

A number of equities analysts have commented on JPM shares. Wells Fargo & Co boosted their price target on shares of JPMorgan Chase & Co. from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Friday, December 8th. Barclays boosted their price target on shares of JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Societe Generale cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a research note on Thursday, January 18th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the stock. JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average target price of $108.71.

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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.

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

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