Autus Asset Management LLC Buys 3,325 Shares of JPMorgan Chase & Co. (JPM)

Autus Asset Management LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 6.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 53,607 shares of the financial services provider’s stock after buying an additional 3,325 shares during the period. Autus Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $5,586,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Sandy Spring Bank raised its holdings in JPMorgan Chase & Co. by 9.8% in the first quarter. Sandy Spring Bank now owns 165,560 shares of the financial services provider’s stock valued at $18,207,000 after acquiring an additional 14,748 shares in the last quarter. Financial Gravity Wealth Inc. acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at $150,000. KCS Wealth Advisory raised its holdings in JPMorgan Chase & Co. by 18.9% in the first quarter. KCS Wealth Advisory now owns 8,651 shares of the financial services provider’s stock valued at $911,000 after acquiring an additional 1,377 shares in the last quarter. Psagot Investment House Ltd. raised its holdings in JPMorgan Chase & Co. by 148.8% in the first quarter. Psagot Investment House Ltd. now owns 203,802 shares of the financial services provider’s stock valued at $22,412,000 after acquiring an additional 121,899 shares in the last quarter. Finally, Blue Fin Capital Inc. raised its holdings in JPMorgan Chase & Co. by 3.5% in the first quarter. Blue Fin Capital Inc. now owns 20,914 shares of the financial services provider’s stock valued at $2,299,000 after acquiring an additional 715 shares in the last quarter. Institutional investors own 70.43% of the company’s stock.

Several analysts recently issued reports on JPM shares. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $124.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 16th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 16th. BMO Capital Markets upped their price target on shares of JPMorgan Chase & Co. from $110.00 to $118.00 and gave the company a “market perform” rating in a report on Monday, July 16th. Societe Generale reaffirmed a “neutral” rating and issued a $119.50 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 16th. Finally, Keefe, Bruyette & Woods reaffirmed a “$111.53” rating and issued a $127.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, July 18th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. currently has a consensus rating of “Buy” and a consensus target price of $123.44.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson bought 1,150 shares of the company’s stock in a transaction on 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 completion of the acquisition, the director now owns 2,632 shares of the company’s stock, valued at $286,730.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is currently owned by corporate insiders.

Shares of NYSE:JPM opened at $111.29 on Friday. The firm has a market cap of $376.14 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 1.77 and a beta of 1.13. JPMorgan Chase & Co. has a 1-year low of $95.95 and a 1-year high of $119.33. 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 issued its earnings results on Friday, October 12th. The financial services provider reported $2.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.24 by $0.10. The company had revenue of $27.26 billion for the quarter, compared to analysts’ expectations of $27.20 billion. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. During the same period in the prior year, the company earned $1.76 earnings per share. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 9.26 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Friday, October 5th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.88%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. The ex-dividend date was Thursday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is 46.58%.

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JPMorgan Chase & Co. Company 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.

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

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