Parkside Financial Bank & Trust trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,626 shares of the financial services provider’s stock after selling 596 shares during the period. Parkside Financial Bank & Trust’s holdings in JPMorgan Chase & Co. were worth $1,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of JPMorgan Chase & Co. by 23.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock valued at $3,566,044,000 after buying an additional 5,978,393 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of JPMorgan Chase & Co. by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 21,156,537 shares of the financial services provider’s stock valued at $2,382,439,000 after buying an additional 847,094 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 21.1% in the 2nd quarter. Franklin Resources Inc. now owns 19,739,048 shares of the financial services provider’s stock valued at $2,222,815,000 after buying an additional 3,435,522 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 4.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,607,661 shares of the financial services provider’s stock valued at $2,536,598,000 after buying an additional 805,196 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 3.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,780,611 shares of the financial services provider’s stock valued at $988,785,000 after buying an additional 259,671 shares in the last quarter. 67.89% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
JPM has been the subject of several research analyst reports. Royal Bank of Canada set a $130.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, January 13th. UBS Group set a $156.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, January 13th. Credit Suisse Group set a $155.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, January 17th. The Goldman Sachs Group reduced their price target on shares of JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, October 4th. Finally, Morgan Stanley raised their price target on shares of JPMorgan Chase & Co. from $153.00 to $167.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 17th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $147.89.
Insider Activity
In other news, CEO Douglas B. Petno sold 5,139 shares of the business’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total transaction of $642,477.78. Following the transaction, the chief executive officer now owns 248,011 shares of the company’s stock, valued at approximately $31,006,335.22. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Douglas B. Petno sold 5,139 shares of the business’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total transaction of $642,477.78. Following the transaction, the chief executive officer now owns 248,011 shares of the company’s stock, valued at approximately $31,006,335.22. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mellody L. Hobson acquired 375 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 19th. The stock was bought at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the acquisition, the director now owns 22,040 shares in the company, valued at approximately $2,965,041.20. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 46,336 shares of company stock valued at $6,372,156. 0.79% of the stock is currently owned by insiders.
JPMorgan Chase & Co. Trading Up 0.2 %
Shares of JPM opened at $135.08 on Friday. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $159.03. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. The firm’s fifty day moving average is $134.60 and its two-hundred day moving average is $122.72. The stock has a market cap of $396.22 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 2.23 and a beta of 1.13.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.11 by $0.46. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The company had revenue of $34.55 billion for the quarter, compared to analysts’ expectations of $34.23 billion. During the same quarter in the previous year, the company posted $3.33 EPS. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. Research analysts forecast that JPMorgan Chase & Co. will post 12.81 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be given a dividend of $1.00 per share. The ex-dividend date is Thursday, January 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.96%. JPMorgan Chase & Co.’s payout ratio is 33.11%.
About JPMorgan Chase & Co.
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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.
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