Sequoia Financial Advisors LLC Raises Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Sequoia Financial Advisors LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 6.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,070 shares of the financial services provider’s stock after acquiring an additional 9,914 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $16,939,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Homestead Advisers Corp increased its stake in JPMorgan Chase & Co. by 1.0% during the second quarter. Homestead Advisers Corp now owns 1,165,236 shares of the financial services provider’s stock worth $131,217,000 after acquiring an additional 11,000 shares during the last quarter. Total Clarity Wealth Management Inc. increased its stake in JPMorgan Chase & Co. by 3.7% during the second quarter. Total Clarity Wealth Management Inc. now owns 11,430 shares of the financial services provider’s stock worth $1,287,000 after acquiring an additional 407 shares during the last quarter. Handelsbanken Fonder AB increased its stake in JPMorgan Chase & Co. by 2.0% during the second quarter. Handelsbanken Fonder AB now owns 621,950 shares of the financial services provider’s stock worth $70,038,000 after acquiring an additional 12,411 shares during the last quarter. TruWealth Advisors LLC increased its stake in JPMorgan Chase & Co. by 8.5% during the second quarter. TruWealth Advisors LLC now owns 106,871 shares of the financial services provider’s stock worth $12,035,000 after acquiring an additional 8,332 shares during the last quarter. Finally, BerganKDV Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 6.1% during the third quarter. BerganKDV Wealth Management LLC now owns 35,995 shares of the financial services provider’s stock worth $3,762,000 after acquiring an additional 2,079 shares during the last quarter. 67.89% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Up 0.7 %

JPM opened at $139.63 on Thursday. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $169.81. The stock has a market cap of $409.56 billion, a P/E ratio of 11.79, a P/E/G ratio of 2.16 and a beta of 1.13. The stock’s 50 day moving average price is $133.56 and its 200 day moving average price is $121.52. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.84 and a quick ratio of 0.84.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings results on Friday, October 14th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.16. The company had revenue of $32.72 billion for the quarter, compared to analysts’ expectations of $31.88 billion. JPMorgan Chase & Co. had a return on equity of 14.52% and a net margin of 26.85%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $3.74 EPS. As a group, research analysts predict that JPMorgan Chase & Co. will post 11.69 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be given a $1.00 dividend. The ex-dividend date of this dividend is Thursday, January 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.86%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.78%.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 33,515 shares of the firm’s stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $115.77, for a total transaction of $3,880,031.55. Following the transaction, the chief executive officer now directly owns 533,795 shares in the company, valued at $61,797,447.15. The transaction was disclosed in a filing with the SEC, which is available through this link. In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 33,515 shares of the firm’s stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $115.77, for a total transaction of $3,880,031.55. Following the transaction, the chief executive officer now directly owns 533,795 shares in the company, valued at $61,797,447.15. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Peter Scher sold 1,310 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $163,776.20. Following the completion of the transaction, the insider now owns 34,973 shares in the company, valued at $4,372,324.46. The disclosure for this sale can be found here. Insiders sold a total of 41,964 shares of company stock valued at $4,936,426 over the last quarter. Company insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on JPM shares. BMO Capital Markets increased their target price on JPMorgan Chase & Co. from $149.00 to $158.00 and gave the company a “market perform” rating in a research note on Monday, October 17th. Citigroup increased their target price on JPMorgan Chase & Co. from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, December 12th. UBS Group set a $124.00 target price on JPMorgan Chase & Co. in a research note on Tuesday, October 18th. Credit Suisse Group set a $150.00 target price on JPMorgan Chase & Co. in a research note on Friday, January 6th. Finally, Barclays increased their target price on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.39.

JPMorgan Chase & Co. Profile

(Get Rating)

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.

Further Reading

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.