M&G Investment Management Ltd. Boosts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

M&G Investment Management Ltd. increased its position in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 8.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,258,046 shares of the financial services provider’s stock after buying an additional 95,972 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 0.8% of M&G Investment Management Ltd.’s holdings, making the stock its 24th biggest holding. M&G Investment Management Ltd.’s holdings in JPMorgan Chase & Co. were worth $132,095,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of JPMorgan Chase & Co. by 10.1% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,958,411 shares of the financial services provider’s stock worth $204,654,000 after buying an additional 180,317 shares during the period. Keystone Wealth Services LLC increased its stake in shares of JPMorgan Chase & Co. by 11.7% in the third quarter. Keystone Wealth Services LLC now owns 4,792 shares of the financial services provider’s stock worth $501,000 after buying an additional 503 shares during the period. Fluent Financial LLC increased its stake in shares of JPMorgan Chase & Co. by 10.6% in the third quarter. Fluent Financial LLC now owns 45,755 shares of the financial services provider’s stock worth $4,781,000 after buying an additional 4,371 shares during the period. Pinnacle Associates Ltd. increased its position in JPMorgan Chase & Co. by 1.3% during the 3rd quarter. Pinnacle Associates Ltd. now owns 415,443 shares of the financial services provider’s stock valued at $43,414,000 after purchasing an additional 5,481 shares during the period. Finally, MBA Advisors LLC increased its position in JPMorgan Chase & Co. by 6.4% during the 3rd quarter. MBA Advisors LLC now owns 11,998 shares of the financial services provider’s stock valued at $1,254,000 after purchasing an additional 722 shares during the period. 67.89% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 4,399 shares of the company’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total transaction of $617,267.68. Following the transaction, the insider now owns 36,369 shares in the company, valued at approximately $5,103,298.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Robin Leopold sold 2,000 shares of the company’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $125.07, for a total transaction of $250,140.00. Following the completion of the sale, the insider now owns 19,031 shares of the company’s stock, valued at approximately $2,380,207.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Peter Scher sold 4,399 shares of the company’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total transaction of $617,267.68. Following the sale, the insider now directly owns 36,369 shares of the company’s stock, valued at approximately $5,103,298.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,336 shares of company stock worth $6,372,156. Company insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on JPM shares. Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday. BMO Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. from $149.00 to $158.00 and gave the company a “market perform” rating in a research report on Monday, October 17th. Morgan Stanley boosted their price objective on shares of JPMorgan Chase & Co. from $153.00 to $167.00 and gave the company an “overweight” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and reduced their price objective for the company from $155.00 to $145.00 in a research report on Friday, January 6th. Finally, Oppenheimer boosted their target price on shares of JPMorgan Chase & Co. from $169.00 to $177.00 and gave the company an “outperform” rating in a report on Tuesday. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.89.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $135.08 on Friday. 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 stock has a market cap of $396.22 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 2.23 and a beta of 1.13. The firm’s 50-day moving average is $134.60 and its 200 day moving average is $122.65. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $159.03.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.14 by $0.43. The business had revenue of $34.55 billion for 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%. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.33 EPS. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 12.81 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business 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 dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.11%.

JPMorgan Chase & Co. 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.

Further Reading

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

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