JPMorgan Chase & Co. (JPM) Shares Bought by SPC Financial Inc.

SPC Financial Inc. raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,342 shares of the financial services provider’s stock after buying an additional 538 shares during the quarter. SPC Financial Inc.’s holdings in JPMorgan Chase & Co. were worth $2,420,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JPM. Janus Henderson Group PLC raised its stake in JPMorgan Chase & Co. by 517.3% in the second quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock valued at $507,632,000 after buying an additional 4,654,113 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of JPMorgan Chase & Co. by 29.2% in the second quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock valued at $1,595,542,000 after purchasing an additional 3,945,948 shares during the period. Vanguard Group Inc. increased its holdings in shares of JPMorgan Chase & Co. by 1.5% in the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock valued at $22,839,729,000 after purchasing an additional 3,717,683 shares during the period. Parametric Portfolio Associates LLC increased its holdings in shares of JPMorgan Chase & Co. by 40.8% in the second quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock valued at $892,886,000 after purchasing an additional 2,828,726 shares during the period. Finally, Harbour Capital Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 8,767.4% in the second quarter. Harbour Capital Advisors LLC now owns 2,794,464 shares of the financial services provider’s stock valued at $30,574,000 after purchasing an additional 2,762,950 shares during the period. Institutional investors own 73.75% of the company’s stock.

Shares of JPMorgan Chase & Co. (JPM) opened at $109.04 on Friday. The company has a market capitalization of $378,340.00, a PE ratio of 15.64, a P/E/G ratio of 2.11 and a beta of 1.22. JPMorgan Chase & Co. has a 1-year low of $81.64 and a 1-year high of $110.03. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.67 by $0.09. The firm had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. JPMorgan Chase & Co.’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $1.58 earnings per share. analysts predict that JPMorgan Chase & Co. will post 6.92 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is currently 32.14%.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the sale, the general counsel now directly owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.88% of the stock is currently owned by company insiders.

A number of research analysts have recently weighed in on the company. Credit Suisse Group raised JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price objective on the stock in a report on Friday. Barclays increased their price objective on JPMorgan Chase & Co. from $105.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday. Wells Fargo & Co set a $120.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Wednesday, December 20th. Buckingham Research raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Thursday, December 21st. Finally, Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $93.63.

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JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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