Karpas Strategies LLC Has $2.25 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Karpas Strategies LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,537 shares of the financial services provider’s stock after purchasing an additional 80 shares during the quarter. Karpas Strategies LLC’s holdings in JPMorgan Chase & Co. were worth $2,251,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of JPMorgan Chase & Co. by 23.3% during the 2nd 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 purchasing an additional 5,978,393 shares in the last quarter. Greenhaven Associates Inc. lifted its position in JPMorgan Chase & Co. by 600.7% in the second quarter. Greenhaven Associates Inc. now owns 4,533,856 shares of the financial services provider’s stock worth $510,558,000 after purchasing 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 $433,667,000. Franklin Resources Inc. increased its holdings in JPMorgan Chase & Co. by 21.1% in the 2nd 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 raised its stake in shares of JPMorgan Chase & Co. by 244.8% in the 2nd quarter. Renaissance Technologies LLC now owns 3,931,843 shares of the financial services provider’s stock valued at $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.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on JPM. Citigroup upped 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 note on Monday, December 12th. BMO Capital Markets upped their price objective 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. Barclays raised 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. UBS Group set a $156.00 price target on JPMorgan Chase & Co. in a research report on Friday. Finally, Credit Suisse Group set a $150.00 price objective on JPMorgan Chase & Co. in a report on Friday, January 6th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $145.17.

JPMorgan Chase & Co. Trading Up 2.5 %

Shares of NYSE JPM opened at $143.01 on Tuesday. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $161.03. The company has a 50-day moving average of $134.29 and a two-hundred day moving average of $122.13. The company has a market cap of $419.48 billion, a PE ratio of 11.84, a P/E/G ratio of 2.23 and a beta of 1.13. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12.

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 for the quarter, topping the consensus estimate of $3.14 by $0.43. The firm had revenue of $34.55 billion during the quarter, compared to analysts’ expectations of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. JPMorgan Chase & Co.’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.33 EPS. As a group, equities analysts expect that JPMorgan Chase & Co. will post 12.81 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio is 33.11%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,310 shares of the company’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total transaction of $163,776.20. Following the transaction, the insider now directly owns 34,973 shares in the company, valued at approximately $4,372,324.46. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Robin Leopold sold 2,000 shares of the company’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $125.07, for a total value of $250,140.00. Following the completion of the sale, the insider now owns 19,031 shares in the company, valued at $2,380,207.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Peter Scher sold 1,310 shares of the stock in a transaction dated Wednesday, October 26th. The shares were 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 directly owns 34,973 shares in the company, valued at approximately $4,372,324.46. The disclosure for this sale can be found here. Insiders sold a total of 8,449 shares of company stock worth $1,056,394 over the last three months. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Company 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.

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

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