JPMorgan Chase & Co. (NYSE:JPM) is We Are One Seven LLC’s 4th Largest Position

We Are One Seven LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,913 shares of the financial services provider’s stock after purchasing an additional 1,268 shares during the period. JPMorgan Chase & Co. makes up 1.7% of We Are One Seven LLC’s holdings, making the stock its 4th biggest position. We Are One Seven LLC’s holdings in JPMorgan Chase & Co. were worth $5,757,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Nuveen Asset Management LLC grew its position in shares of JPMorgan Chase & Co. by 2,432.9% in the second quarter. Nuveen Asset Management LLC now owns 23,689,599 shares of the financial services provider’s stock valued at $2,648,497,000 after purchasing an additional 22,754,332 shares during the period. Invesco Ltd. grew its position in shares of JPMorgan Chase & Co. by 39.8% in the second quarter. Invesco Ltd. now owns 23,689,706 shares of the financial services provider’s stock valued at $2,648,509,000 after purchasing an additional 6,745,215 shares during the period. Thoroughbred Financial Services LLC grew its position in shares of JPMorgan Chase & Co. by 11,601.0% in the second quarter. Thoroughbred Financial Services LLC now owns 4,973,970 shares of the financial services provider’s stock valued at $497,397,000 after purchasing an additional 4,931,461 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at about $331,575,000. Finally, Amundi Pioneer Asset Management Inc. grew its position in shares of JPMorgan Chase & Co. by 43.3% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 7,563,083 shares of the financial services provider’s stock valued at $845,552,000 after purchasing an additional 2,283,575 shares during the period. 71.89% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on the stock. UBS Group lifted their target price on shares of JPMorgan Chase & Co. from $125.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Buckingham Research lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 price target on the stock. in a research report on Monday, September 16th. They noted that the move was a valuation call. Morgan Stanley set a $122.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Wells Fargo & Co set a $125.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday, August 16th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus price target of $122.59.

Shares of JPMorgan Chase & Co. stock opened at $116.53 on Friday. The company has a fifty day simple moving average of $113.95 and a 200-day simple moving average of $111.37. JPMorgan Chase & Co. has a 12-month low of $91.11 and a 12-month high of $120.40. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22. The stock has a market cap of $357.54 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 1.62 and a beta of 1.20.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The business had revenue of $28.83 billion during the quarter, compared to analysts’ expectations of $28.52 billion. During the same quarter in the prior year, the business posted $2.29 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts forecast that JPMorgan Chase & Co. will post 9.89 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, October 3rd. This represents a $3.60 dividend on an annualized basis and a yield of 3.09%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. JPMorgan Chase & Co.’s dividend payout ratio is currently 40.00%.

In related news, insider Lori A. Beer sold 13,341 shares of the stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the completion of the sale, the insider now owns 10,130 shares in the company, valued at approximately $1,157,656.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Peter Scher sold 10,816 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $115.00, for a total transaction of $1,243,840.00. The disclosure for this sale can be found here. 0.76% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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