TD Asset Management Inc. reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,294,692 shares of the financial services provider’s stock after selling 264,534 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 0.7% of TD Asset Management Inc.’s holdings, making the stock its 24th biggest position. TD Asset Management Inc. owned 0.13% of JPMorgan Chase & Co. worth $484,613,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. Arlington Partners LLC increased its holdings in JPMorgan Chase & Co. by 126.6% in the 3rd quarter. Arlington Partners LLC now owns 895 shares of the financial services provider’s stock valued at $101,000 after buying an additional 500 shares during the period. Investment Partners LTD. grew its holdings in shares of JPMorgan Chase & Co. by 12.5% in the 3rd quarter. Investment Partners LTD. now owns 21,950 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 2,436 shares during the last quarter. Quad Cities Investment Group LLC bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter worth about $124,000. O Brien Wealth Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 1,120.9% in the 3rd quarter. O Brien Wealth Partners LLC now owns 1,111 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Ballew Advisors Inc grew its holdings in shares of JPMorgan Chase & Co. by 104.2% in the 2nd quarter. Ballew Advisors Inc now owns 1,213 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 619 shares during the last quarter. Hedge funds and other institutional investors own 71.27% of the company’s stock.
NYSE:JPM traded up $0.56 during mid-day trading on Monday, reaching $101.92. 81,612 shares of the company were exchanged, compared to its average volume of 13,721,496. JPMorgan Chase & Co. has a 12 month low of $91.11 and a 12 month high of $119.33. The company has a quick ratio of 1.01, a current ratio of 1.00 and a debt-to-equity ratio of 1.22. The firm has a market cap of $347.86 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.53 and a beta of 1.11.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, January 15th. The financial services provider reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.22). JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. The company had revenue of $26.10 billion for the quarter, compared to the consensus estimate of $26.69 billion. During the same period in the prior year, the company earned $1.76 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts predict that JPMorgan Chase & Co. will post 9.94 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 31st. Shareholders of record on Friday, January 4th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Thursday, January 3rd. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,022 shares of the stock in a transaction dated Tuesday, January 29th. The shares were sold at an average price of $105.00, for a total transaction of $317,310.00. Following the sale, the general counsel now owns 12,519 shares of the company’s stock, valued at approximately $1,314,495. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas B. Petno sold 11,659 shares of the stock in a transaction dated Tuesday, January 29th. The stock was sold at an average price of $105.00, for a total transaction of $1,224,195.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,191 shares of company stock worth $4,102,110. Insiders own 0.73% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. Credit Suisse Group lowered their target price on shares of JPMorgan Chase & Co. from $130.00 to $128.00 and set an “outperform” rating on the stock in a report on Friday, December 7th. Barclays upped their target price on shares of JPMorgan Chase & Co. from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, January 2nd. Daiwa Capital Markets lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Friday. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a report on Thursday, November 22nd. Finally, Wells Fargo & Co reaffirmed a “buy jpm” rating on shares of JPMorgan Chase & Co. in a report on Thursday, December 20th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $122.94.
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.
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