Willis Investment Counsel Buys 6,400 Shares of JPMorgan Chase & Co. (JPM)

Willis Investment Counsel grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.2% in the third quarter, HoldingsChannel.com reports. The fund owned 209,425 shares of the financial services provider’s stock after buying an additional 6,400 shares during the period. JPMorgan Chase & Co. makes up about 1.4% of Willis Investment Counsel’s portfolio, making the stock its 21st largest holding. Willis Investment Counsel’s holdings in JPMorgan Chase & Co. were worth $20,002,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in JPM. Gamble Jones Investment Counsel boosted its position in JPMorgan Chase & Co. by 0.6% during the 2nd quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock worth $4,566,000 after acquiring an additional 276 shares during the period. K.J. Harrison & Partners Inc boosted its position in JPMorgan Chase & Co. by 5.5% during the 2nd quarter. K.J. Harrison & Partners Inc now owns 52,204 shares of the financial services provider’s stock worth $4,771,000 after acquiring an additional 2,735 shares during the period. Univest Corp of Pennsylvania boosted its position in JPMorgan Chase & Co. by 1.0% during the 2nd quarter. Univest Corp of Pennsylvania now owns 51,137 shares of the financial services provider’s stock worth $4,674,000 after acquiring an additional 529 shares during the period. IPG Investment Advisors LLC boosted its position in JPMorgan Chase & Co. by 0.3% during the 2nd quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock worth $608,000 after acquiring an additional 17 shares during the period. Finally, Hartford Financial Management Inc. boosted its position in JPMorgan Chase & Co. by 0.5% during the 2nd quarter. Hartford Financial Management Inc. now owns 51,650 shares of the financial services provider’s stock worth $4,720,000 after acquiring an additional 270 shares during the period. Institutional investors own 73.02% of the company’s stock.

A number of brokerages have issued reports on JPM. Jefferies Group reiterated a “buy” rating and set a $131.00 price target (up previously from $124.00) on shares of JPMorgan Chase & Co. in a research report on Wednesday. Morgan Stanley boosted their price target on JPMorgan Chase & Co. from $133.00 to $136.00 and gave the stock an “overweight” rating in a research report 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 report 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 report on Monday, February 12th. Finally, ValuEngine upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Two investment 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 company currently has an average rating of “Hold” and a consensus target price of $109.67.

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $117.31 on Friday. The stock has a market capitalization of $407,030.00, a price-to-earnings ratio of 18.39, a PEG ratio of 2.00 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 52-week low of $81.64 and a 52-week high of $117.45.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.07. The company had revenue of $24.15 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.71 earnings per share. research analysts anticipate that JPMorgan Chase & Co. will post 8.79 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.11%.

In other news, General Counsel Stacey Friedman sold 17,729 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $112.33, for a total transaction of $1,991,498.57. Following the sale, the general counsel now directly owns 21,260 shares of the company’s stock, valued at $2,388,135.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter Scher sold 17,057 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.20, for a total value of $1,913,795.40. Following the sale, the executive vice president now directly owns 15,310 shares in the company, valued at $1,717,782. The disclosure for this sale can be found here. Insiders have sold 152,047 shares of company stock worth $17,098,115 over the last ninety days. 0.88% of the stock is owned by insiders.

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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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