4,819 Shares in JPMorgan Chase & Co. (NYSE:JPM) Purchased by Financial Insights Inc.

Financial Insights Inc. bought a new position in JPMorgan Chase & Co. (NYSE:JPM) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,819 shares of the financial services provider’s stock, valued at approximately $504,000.

A number of other institutional investors have also added to or reduced their stakes in the company. SPC Financial Inc. grew its position in JPMorgan Chase & Co. by 1.9% in the 3rd quarter. SPC Financial Inc. now owns 26,415 shares of the financial services provider’s stock worth $2,760,000 after purchasing an additional 505 shares in the last quarter. Pariax LLC grew its position in JPMorgan Chase & Co. by 0.9% in the 3rd quarter. Pariax LLC now owns 49,420 shares of the financial services provider’s stock worth $5,164,000 after purchasing an additional 439 shares in the last quarter. Searle & CO. grew its position in JPMorgan Chase & Co. by 3,041.8% in the 3rd quarter. Searle & CO. now owns 261,117 shares of the financial services provider’s stock worth $27,287,000 after purchasing an additional 252,806 shares in the last quarter. Handelsbanken Fonder AB grew its position in JPMorgan Chase & Co. by 5.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 656,725 shares of the financial services provider’s stock worth $68,628,000 after purchasing an additional 34,775 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in JPMorgan Chase & Co. by 1.5% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 46,522 shares of the financial services provider’s stock worth $4,862,000 after purchasing an additional 685 shares in the last quarter. 67.89% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Down 0.1 %

JPM opened at $139.49 on Friday. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $169.81. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.13. The company has a market cap of $409.15 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 2.16 and a beta of 1.13. The company has a 50 day moving average of $133.81 and a 200 day moving average of $121.64.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its earnings results on Friday, October 14th. The financial services provider reported $3.12 earnings per share (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 business had revenue of $32.72 billion for the quarter, compared to analysts’ expectations of $31.88 billion. During the same period in the prior year, the company posted $3.74 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 11.69 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.87%. The ex-dividend date is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 33.78%.

Analyst Ratings Changes

A number of brokerages have issued reports on JPM. BMO Capital Markets upped their price objective on shares of JPMorgan Chase & Co. from $149.00 to $158.00 and gave the stock a “market perform” rating in a research report on Monday, October 17th. Citigroup increased their target price on shares of JPMorgan Chase & Co. from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, December 12th. Morgan Stanley raised shares of JPMorgan Chase & Co. from an “underweight” rating to an “overweight” rating and increased their target price for the company from $126.00 to $153.00 in a research report on Tuesday, December 6th. Oppenheimer reduced their target price on shares of JPMorgan Chase & Co. from $174.00 to $169.00 and set an “outperform” rating for the company in a research report on Wednesday, December 28th. Finally, Barclays increased their target price on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $143.39.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,000 shares of the stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $125.07, for a total value of $250,140.00. Following the sale, the insider now directly owns 19,031 shares in the company, valued at approximately $2,380,207.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,000 shares of the stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $125.07, for a total value of $250,140.00. Following the sale, the insider now directly owns 19,031 shares in the company, valued at approximately $2,380,207.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mary E. Erdoes sold 33,515 shares of the firm’s stock in a transaction 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 owns 533,795 shares in the company, valued at approximately $61,797,447.15. The disclosure for this sale can be found here. Insiders have sold 41,964 shares of company stock worth $4,936,426 in the last three months. 0.79% of the stock is currently owned by corporate insiders.

About JPMorgan Chase & Co.

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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.

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

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