Barrett Asset Management LLC Has $41.19 Million Stake in JPMorgan Chase & Co. (JPM)

Barrett Asset Management LLC grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 4.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 395,305 shares of the financial services provider’s stock after purchasing an additional 18,157 shares during the period. JPMorgan Chase & Co. makes up about 2.8% of Barrett Asset Management LLC’s portfolio, making the stock its 7th biggest position. Barrett Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $41,191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. First Trust Advisors LP grew its position in JPMorgan Chase & Co. by 0.7% during the 2nd quarter. First Trust Advisors LP now owns 1,508,904 shares of the financial services provider’s stock worth $157,228,000 after acquiring an additional 10,885 shares during the last quarter. Silicon Valley Capital Partners grew its position in JPMorgan Chase & Co. by 35.7% during the 2nd quarter. Silicon Valley Capital Partners now owns 2,851 shares of the financial services provider’s stock worth $328,000 after acquiring an additional 750 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in JPMorgan Chase & Co. by 94.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 786,287 shares of the financial services provider’s stock worth $81,931,000 after acquiring an additional 381,675 shares during the last quarter. Montecito Bank & Trust grew its position in JPMorgan Chase & Co. by 17.4% during the 2nd quarter. Montecito Bank & Trust now owns 21,469 shares of the financial services provider’s stock worth $2,237,000 after acquiring an additional 3,181 shares during the last quarter. Finally, Shepherd Financial Partners LLC grew its position in JPMorgan Chase & Co. by 6.9% during the 2nd quarter. Shepherd Financial Partners LLC now owns 42,411 shares of the financial services provider’s stock worth $4,456,000 after acquiring an additional 2,752 shares during the last quarter. Institutional investors own 70.54% of the company’s stock.

A number of equities research analysts recently weighed in on JPM shares. Bank of America boosted their price objective on JPMorgan Chase & Co. from $126.00 to $132.00 and gave the stock a “buy” rating in a research report on Monday, September 17th. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a research report on Friday, September 14th. UBS Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. BMO Capital Markets boosted their price objective on JPMorgan Chase & Co. from $110.00 to $118.00 and gave the stock a “market perform” rating in a research report on Monday, July 16th. Finally, Goldman Sachs Group set a $130.00 price objective on JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research report on Friday, October 12th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $123.44.

NYSE JPM opened at $108.38 on Friday. JPMorgan Chase & Co. has a 12 month low of $95.95 and a 12 month high of $119.33. The stock has a market capitalization of $366.19 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 1.73 and a beta of 1.17. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.01 and a current ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.10. JPMorgan Chase & Co. had a return on equity of 13.90% and a net margin of 23.39%. The firm had revenue of $27.26 billion for the quarter, compared to analyst estimates of $27.20 billion. During the same quarter in the previous year, the company posted $1.76 EPS. Equities research analysts expect that JPMorgan Chase & Co. will post 9.26 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Friday, October 5th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.95%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. The ex-dividend date was Thursday, October 4th. JPMorgan Chase & Co.’s payout ratio is currently 46.58%.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 1,150 shares of the company’s stock in a transaction dated Friday, October 19th. The shares were bought at an average cost of $108.94 per share, with a total value of $125,281.00. Following the purchase, the director now directly owns 2,632 shares of the company’s stock, valued at $286,730.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.73% of the stock is owned by insiders.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

Further Reading: Understanding Market Liquidity

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

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