Lincluden Management Ltd. Has $1.86 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Lincluden Management Ltd. reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 26.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,935 shares of the financial services provider’s stock after selling 4,256 shares during the period. Lincluden Management Ltd.’s holdings in JPMorgan Chase & Co. were worth $1,856,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in JPMorgan Chase & Co. by 2.1% during the 1st quarter. Geode Capital Management LLC now owns 45,440,168 shares of the financial services provider’s stock valued at $6,896,852,000 after purchasing an additional 925,022 shares during the last quarter. Capital International Investors lifted its holdings in JPMorgan Chase & Co. by 7.8% during the 1st quarter. Capital International Investors now owns 38,321,985 shares of the financial services provider’s stock valued at $5,834,601,000 after purchasing an additional 2,769,555 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in JPMorgan Chase & Co. by 2.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 31,178,926 shares of the financial services provider’s stock valued at $4,849,569,000 after purchasing an additional 743,975 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in JPMorgan Chase & Co. by 0.8% during the 1st quarter. Nuveen Asset Management LLC now owns 21,649,149 shares of the financial services provider’s stock valued at $3,295,649,000 after purchasing an additional 178,676 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in JPMorgan Chase & Co. by 10.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 14,424,504 shares of the financial services provider’s stock valued at $2,195,842,000 after purchasing an additional 1,323,812 shares during the last quarter. 69.67% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $173.00 price target for the company. in a report on Wednesday, June 9th. Keefe, Bruyette & Woods assumed coverage on shares of JPMorgan Chase & Co. in a report on Wednesday, July 7th. They issued a “market perform” rating and a $167.00 price target for the company. BMO Capital Markets upped their price objective on JPMorgan Chase & Co. from $136.00 to $141.00 and gave the stock a “market perform” rating in a report on Wednesday, July 14th. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, June 8th. Finally, The Goldman Sachs Group set a $182.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, June 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $167.06.

NYSE JPM traded up $3.27 during trading on Monday, reaching $166.31. 496,012 shares of the stock traded hands, compared to its average volume of 13,682,686. JPMorgan Chase & Co. has a fifty-two week low of $91.87 and a fifty-two week high of $167.44. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.18. The firm has a market cap of $496.96 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 2.24 and a beta of 1.20. The stock’s 50-day moving average price is $156.55 and its 200 day moving average price is $156.37.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Monday, July 12th. The financial services provider reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.69. JPMorgan Chase & Co. had a net margin of 37.71% and a return on equity of 19.26%. The company had revenue of $30.50 billion for the quarter, compared to analysts’ expectations of $29.71 billion. During the same period last year, the firm posted $1.38 earnings per share. The business’s quarterly revenue was down 7.9% compared to the same quarter last year. Analysts anticipate that JPMorgan Chase & Co. will post 14.05 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 31st. Shareholders of record on Wednesday, October 6th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.41%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Tuesday, October 5th. JPMorgan Chase & Co.’s payout ratio is presently 40.54%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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