NorthRock Partners LLC Has $2.93 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

NorthRock Partners LLC raised its position in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 7.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 28,078 shares of the financial services provider’s stock after acquiring an additional 1,831 shares during the period. NorthRock Partners LLC’s holdings in JPMorgan Chase & Co. were worth $2,934,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Homestead Advisers Corp lifted its holdings in shares of JPMorgan Chase & Co. by 1.0% in the second quarter. Homestead Advisers Corp now owns 1,165,236 shares of the financial services provider’s stock valued at $131,217,000 after purchasing an additional 11,000 shares in the last quarter. Total Clarity Wealth Management Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 3.7% in the second quarter. Total Clarity Wealth Management Inc. now owns 11,430 shares of the financial services provider’s stock valued at $1,287,000 after purchasing an additional 407 shares in the last quarter. Leisure Capital Management lifted its holdings in shares of JPMorgan Chase & Co. by 2.7% in the third quarter. Leisure Capital Management now owns 22,736 shares of the financial services provider’s stock valued at $2,376,000 after purchasing an additional 600 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of JPMorgan Chase & Co. by 2.0% in the second quarter. Handelsbanken Fonder AB now owns 621,950 shares of the financial services provider’s stock valued at $70,038,000 after purchasing an additional 12,411 shares in the last quarter. Finally, Ballentine Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 12.4% in the third quarter. Ballentine Partners LLC now owns 51,929 shares of the financial services provider’s stock valued at $5,427,000 after purchasing an additional 5,719 shares in the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.

Insider Activity

In other news, 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 completion of the transaction, the chief executive officer now directly owns 248,011 shares in the company, valued at $31,006,335.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Douglas B. Petno sold 5,139 shares of the business’s stock in a transaction dated Wednesday, October 26th. The stock was 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 in the company, valued at $31,006,335.22. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mellody L. Hobson bought 375 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 19th. The shares were acquired at an average price of $134.53 per share, with a total value of $50,448.75. Following the completion of the transaction, the director now owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The disclosure for this purchase can be found here. Over the last three months, insiders sold 46,336 shares of company stock worth $6,372,156. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $135.08 on Monday. The stock has a market cap of $396.22 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 2.10 and a beta of 1.13. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $159.03. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a fifty day moving average of $134.60 and a 200-day moving average of $122.80.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.46. The company had revenue of $34.55 billion during the quarter, compared to analysts’ expectations of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.33 earnings per share. Equities research analysts anticipate that JPMorgan Chase & Co. will post 12.88 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.11%.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of recent research reports. Oppenheimer raised their target price on JPMorgan Chase & Co. from $169.00 to $177.00 and gave the company an “outperform” rating in a report on Tuesday, January 17th. Credit Suisse Group set a $155.00 price target on JPMorgan Chase & Co. in a report on Tuesday, January 17th. The Goldman Sachs Group dropped their price target on JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, October 4th. BMO Capital Markets lifted 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. Finally, StockNews.com initiated coverage on JPMorgan Chase & Co. in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.89.

About JPMorgan Chase & Co.

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JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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