MBA Advisors LLC Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

MBA Advisors LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 6.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,998 shares of the financial services provider’s stock after buying an additional 722 shares during the quarter. MBA Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,254,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in JPM. Cantor Fitzgerald Investment Advisor L.P raised its stake in JPMorgan Chase & Co. by 81.1% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after buying an additional 99,636 shares during the last quarter. BCK Partners Inc. purchased a new stake in JPMorgan Chase & Co. during the first quarter valued at approximately $2,455,000. LSV Asset Management grew its stake in shares of JPMorgan Chase & Co. by 35.6% during the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after buying an additional 9,800 shares during the last quarter. Wsfs Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 70.8% during the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after buying an additional 1,749 shares during the last quarter. Finally, Lumature Wealth Partners LLC grew its stake in JPMorgan Chase & Co. by 1,451.4% in the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 3,527 shares in the last quarter. Hedge funds and other institutional investors own 67.89% of the company’s stock.

Insider Buying and Selling

In related news, CEO Douglas B. Petno sold 5,139 shares of the business’s stock in a transaction 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 owns 248,011 shares in the company, valued at $31,006,335.22. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Vice Chairman Peter Scher sold 4,399 shares of the business’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total value of $617,267.68. Following the completion of the sale, the insider now directly owns 36,369 shares of the company’s stock, valued at $5,103,298.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Douglas B. Petno sold 5,139 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 248,011 shares of the company’s stock, valued at $31,006,335.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,336 shares of company stock worth $6,372,156. Corporate insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

JPM has been the subject of a number of analyst reports. BMO Capital Markets upped their target price 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. Citigroup raised their target price on JPMorgan Chase & Co. from $150.00 to $165.00 in a research note on Tuesday. The Goldman Sachs Group reduced their target price on JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, October 4th. Royal Bank of Canada set a $130.00 price target on JPMorgan Chase & Co. in a research report on Friday, January 13th. Finally, Credit Suisse Group set a $155.00 price target on JPMorgan Chase & Co. in a research report on Tuesday. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.89.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $134.75 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. The company has a fifty day simple moving average of $134.61 and a two-hundred day simple moving average of $122.50. The company has a market cap of $395.25 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 2.23 and a beta of 1.13. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $159.03.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.14 by $0.43. The firm had revenue of $34.55 billion during the quarter, compared to the consensus estimate of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.33 earnings per share. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 12.81 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be paid 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 dividend yield of 2.97%. JPMorgan Chase & Co.’s payout ratio is currently 33.11%.

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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