JPMorgan Chase & Co. (NYSE:JPM) is Raymond James Financial Services Advisors Inc.’s 9th Largest Position

Raymond James Financial Services Advisors Inc. raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,107,567 shares of the financial services provider’s stock after buying an additional 165,825 shares during the period. JPMorgan Chase & Co. comprises 1.0% of Raymond James Financial Services Advisors Inc.’s investment portfolio, making the stock its 9th biggest position. Raymond James Financial Services Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $429,248,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. Grayhawk Investment Strategies Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the second quarter worth about $32,000. HBC Financial Services PLLC increased its stake in shares of JPMorgan Chase & Co. by 61.2% during the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 90 shares in the last quarter. Financial Connections Group Inc. increased its stake in shares of JPMorgan Chase & Co. by 48.5% during the second quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 100 shares in the last quarter. Horizons Wealth Management purchased a new stake in shares of JPMorgan Chase & Co. during the second quarter worth about $39,000. Finally, New Millennium Group LLC purchased a new stake in shares of JPMorgan Chase & Co. during the second quarter worth about $39,000. Hedge funds and other institutional investors own 67.89% of the company’s stock.

Insider Buying and Selling

In related news, CEO Mary E. Erdoes sold 33,515 shares of the company’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $115.77, for a total transaction of $3,880,031.55. Following the sale, the chief executive officer now directly owns 533,795 shares of the company’s stock, valued at approximately $61,797,447.15. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Mary E. Erdoes sold 33,515 shares of the company’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $115.77, for a total transaction of $3,880,031.55. Following the sale, the chief executive officer now directly owns 533,795 shares of the company’s stock, valued at approximately $61,797,447.15. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas B. Petno sold 5,139 shares of the company’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $642,477.78. Following the sale, the chief executive officer now directly owns 248,011 shares in the company, valued at $31,006,335.22. The disclosure for this sale can be found here. Insiders have sold a total of 41,964 shares of company stock valued at $4,936,426 in the last ninety days. Company insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on JPM shares. Jefferies Financial Group set a $117.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, September 12th. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. The Goldman Sachs Group lowered their price target on shares of JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, October 4th. Oppenheimer lowered their price target on shares of JPMorgan Chase & Co. from $174.00 to $169.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 28th. Finally, Barclays boosted their price target on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average price target of $143.39.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $137.94 on Monday. The firm’s 50 day moving average price is $132.87 and its 200-day moving average price is $121.08. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.84 and a current ratio of 0.84. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $169.81. The firm has a market cap of $404.61 billion, a P/E ratio of 11.65, a P/E/G ratio of 2.13 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings data on Friday, October 14th. The financial services provider reported $3.12 EPS for the quarter, topping the consensus estimate of $2.96 by $0.16. JPMorgan Chase & Co. had a net margin of 26.85% and a return on equity of 14.52%. The firm had revenue of $32.72 billion for the quarter, compared to analyst estimates of $31.88 billion. During the same period in the prior year, the business posted $3.74 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 11.69 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.90%. The ex-dividend date is Thursday, January 5th. JPMorgan Chase & Co.’s payout ratio is currently 33.78%.

JPMorgan Chase & Co. Profile

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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.