Stonegate Investment Group LLC Buys 6,782 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Stonegate Investment Group LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 1.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 516,651 shares of the financial services provider’s stock after acquiring an additional 6,782 shares during the quarter. JPMorgan Chase & Co. makes up 2.5% of Stonegate Investment Group LLC’s holdings, making the stock its 12th biggest holding. Stonegate Investment Group LLC’s holdings in JPMorgan Chase & Co. were worth $53,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in JPM. Price T Rowe Associates Inc. MD grew its holdings in 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 acquiring an additional 5,978,393 shares during the period. Legal & General Group Plc boosted its position in shares of JPMorgan Chase & Co. by 4.2% during the 2nd quarter. Legal & General Group Plc now owns 21,156,537 shares of the financial services provider’s stock valued at $2,382,439,000 after purchasing an additional 847,094 shares in the last quarter. Franklin Resources Inc. grew its stake in JPMorgan Chase & Co. by 21.1% during the second quarter. Franklin Resources Inc. now owns 19,739,048 shares of the financial services provider’s stock worth $2,222,815,000 after purchasing an additional 3,435,522 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in JPMorgan Chase & Co. by 4.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 18,607,661 shares of the financial services provider’s stock worth $2,536,598,000 after purchasing an additional 805,196 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in JPMorgan Chase & Co. by 3.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,780,611 shares of the financial services provider’s stock valued at $988,785,000 after buying an additional 259,671 shares during the period. 67.89% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $143.01 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a 50-day moving average of $134.29 and a 200-day moving average of $122.13. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $161.03. The company has a market cap of $419.48 billion, a P/E ratio of 11.84, a P/E/G ratio of 2.23 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, beating the consensus estimate of $3.14 by $0.43. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The firm had revenue of $34.55 billion during the quarter, compared to analyst estimates of $34.23 billion. During the same quarter last year, the business posted $3.33 EPS. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. Equities research analysts forecast that JPMorgan Chase & Co. will post 12.81 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm 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 dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, January 5th. This represents a $4.00 dividend on an annualized basis and a yield of 2.80%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 33.11%.

Insiders Place Their Bets

In other news, Vice Chairman Peter Scher sold 1,310 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 transaction of $163,776.20. Following the sale, the insider now directly owns 34,973 shares in the company, valued at approximately $4,372,324.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Douglas B. Petno sold 5,139 shares of the stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total transaction of $642,477.78. Following the completion of the transaction, the chief executive officer now directly owns 248,011 shares of the company’s stock, valued at approximately $31,006,335.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Peter Scher sold 1,310 shares of JPMorgan Chase & Co. 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 $163,776.20. Following the completion of the sale, 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. Over the last quarter, insiders have sold 8,449 shares of company stock valued at $1,056,394. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $155.00 to $145.00 in a research report on Friday, January 6th. Royal Bank of Canada set a $130.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday. Morgan Stanley raised shares of JPMorgan Chase & Co. from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $126.00 to $153.00 in a research report on Tuesday, December 6th. Oppenheimer decreased their target price on 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, BMO Capital Markets increased their price target on JPMorgan Chase & Co. from $149.00 to $158.00 and gave the stock a “market perform” rating in a report on Monday, October 17th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.17.

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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