Day & Ennis LLC Takes $473,000 Position in JPMorgan Chase & Co. (NYSE:JPM)

Day & Ennis LLC bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,528 shares of the financial services provider’s stock, valued at approximately $473,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its position in shares of JPMorgan Chase & Co. by 23.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock worth $3,566,044,000 after buying an additional 5,978,393 shares during the period. Greenhaven Associates Inc. grew its holdings in JPMorgan Chase & Co. by 600.7% during the 2nd quarter. Greenhaven Associates Inc. now owns 4,533,856 shares of the financial services provider’s stock worth $510,558,000 after acquiring an additional 3,886,845 shares during the period. Public Investment Fund acquired a new stake in JPMorgan Chase & Co. during the second quarter worth approximately $433,667,000. Franklin Resources Inc. lifted its stake in JPMorgan Chase & Co. by 21.1% in the second quarter. Franklin Resources Inc. now owns 19,739,048 shares of the financial services provider’s stock valued at $2,222,815,000 after buying an additional 3,435,522 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of JPMorgan Chase & Co. by 244.8% during the 2nd quarter. Renaissance Technologies LLC now owns 3,931,843 shares of the financial services provider’s stock worth $442,765,000 after buying an additional 2,791,457 shares in the last quarter. 67.89% of the stock is owned by institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,000 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $125.07, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Robin Leopold sold 2,000 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $125.07, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas B. Petno sold 5,139 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $642,477.78. Following the sale, the chief executive officer now 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 41,964 shares of company stock worth $4,936,426 in the last ninety days. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of research reports. Credit Suisse Group set a $150.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday, January 6th. The Goldman Sachs Group decreased their target price on JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, October 4th. Royal Bank of Canada set a $130.00 price target on JPMorgan Chase & Co. in a report on Friday. Citigroup boosted their price objective on JPMorgan Chase & Co. from $135.00 to $150.00 and gave the company a “buy” rating in a report on Monday, December 12th. Finally, Barclays upped their target price on 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 given a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $145.17.

JPMorgan Chase & Co. Price Performance

JPM opened at $143.01 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $419.48 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 2.18 and a beta of 1.13. The firm’s fifty day moving average price is $134.06 and its two-hundred day moving average price is $121.87. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $161.03.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.14 by $0.43. The firm had revenue of $34.55 billion for the quarter, compared to the consensus estimate of $34.23 billion. JPMorgan Chase & Co. had a net margin of 26.85% and a return on equity of 14.52%. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.33 EPS. As a group, analysts anticipate that JPMorgan Chase & Co. will post 11.69 earnings per share for the current fiscal 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 paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Thursday, January 5th. JPMorgan Chase & Co.’s payout ratio is 33.78%.

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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