Commonwealth Bank of Australia Has $54.46 Million Stake in JPMorgan Chase & Co. (JPM)

Commonwealth Bank of Australia raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 7.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 570,235 shares of the financial services provider’s stock after acquiring an additional 38,696 shares during the quarter. Commonwealth Bank of Australia’s holdings in JPMorgan Chase & Co. were worth $54,456,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. increased its stake in JPMorgan Chase & Co. by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 12 shares during the last quarter. IPG Investment Advisors LLC increased its stake in JPMorgan Chase & Co. by 0.3% in the second quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock valued at $608,000 after purchasing an additional 17 shares during the last quarter. Sunbelt Securities Inc. increased its stake in JPMorgan Chase & Co. by 0.5% in the second quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 26 shares during the last quarter. Fort Pitt Capital Group LLC increased its stake in JPMorgan Chase & Co. by 0.4% in the second quarter. Fort Pitt Capital Group LLC now owns 9,084 shares of the financial services provider’s stock valued at $830,000 after purchasing an additional 37 shares during the last quarter. Finally, Financial Consulate Inc. increased its stake in JPMorgan Chase & Co. by 1.1% during the second quarter. Financial Consulate Inc. now owns 4,075 shares of the financial services provider’s stock worth $372,000 after acquiring an additional 44 shares during the last quarter. 73.02% of the stock is owned by institutional investors.

Several equities research analysts have commented on the company. Jefferies Group restated a “buy” rating and set a $131.00 price target (up from $124.00) on shares of JPMorgan Chase & Co. in a research note on Wednesday. Morgan Stanley upped their price target on JPMorgan Chase & Co. from $133.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday. Keefe, Bruyette & Woods upgraded JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 price target for the company in a research note on Tuesday, February 13th. Vetr upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $105.98 price target for the company in a research note on Monday, February 12th. Finally, ValuEngine upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $109.67.

In related news, insider Ashley Bacon sold 16,434 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter Scher sold 26,532 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $113.42, for a total value of $3,009,259.44. The disclosure for this sale can be found here. Insiders sold 152,047 shares of company stock valued at $17,098,115 in the last three months. 0.88% of the stock is currently owned by company insiders.

Shares of JPMorgan Chase & Co. (JPM) opened at $114.98 on Friday. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $117.45. 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 capitalization of $398,950.00, a PE ratio of 18.02, a PEG ratio of 1.96 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. The firm had revenue of $24.15 billion during 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%. JPMorgan Chase & Co.’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.71 earnings per share. research analysts expect that JPMorgan Chase & Co. will post 8.78 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 5th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Thursday, January 4th. 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.

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

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