Cobblestone Capital Advisors LLC NY Boosts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Cobblestone Capital Advisors LLC NY grew its holdings in JPMorgan Chase & Co. (NYSE:JPMFree Report) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,656 shares of the financial services provider’s stock after acquiring an additional 299 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in JPMorgan Chase & Co. were worth $2,996,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in JPM. Moneta Group Investment Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 105,652.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after buying an additional 97,907,897 shares in the last quarter. Norges Bank purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth about $3,894,646,000. Morgan Stanley lifted its position in shares of JPMorgan Chase & Co. by 15.9% in the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after buying an additional 8,088,433 shares in the last quarter. Barclays PLC lifted its position in shares of JPMorgan Chase & Co. by 51.6% in the second quarter. Barclays PLC now owns 8,422,975 shares of the financial services provider’s stock worth $1,225,037,000 after buying an additional 2,868,091 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of JPMorgan Chase & Co. by 7,427.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock worth $363,169,000 after buying an additional 2,628,701 shares in the last quarter. 68.94% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Down 0.1 %

Shares of NYSE JPM opened at $174.49 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.90 and a current ratio of 0.91. The firm has a market capitalization of $501.95 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 2.20 and a beta of 1.14. The stock has a 50 day moving average price of $167.06 and a 200 day moving average price of $154.77. JPMorgan Chase & Co. has a 52-week low of $123.11 and a 52-week high of $178.30.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). The firm had revenue of $38.57 billion during the quarter, compared to analysts’ expectations of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.57 EPS. Sell-side analysts expect that JPMorgan Chase & Co. will post 15.85 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Thursday, January 4th were issued a $1.05 dividend. The ex-dividend date was Thursday, January 4th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.41%. JPMorgan Chase & Co.’s payout ratio is 25.89%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on JPM. BMO Capital Markets boosted their target price on JPMorgan Chase & Co. from $192.00 to $194.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 16th. Odeon Capital Group downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a research report on Thursday, November 2nd. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $140.00 to $190.00 in a research note on Tuesday, January 9th. Oppenheimer boosted their price objective on JPMorgan Chase & Co. from $232.00 to $238.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Finally, Jefferies Financial Group reduced their price objective on JPMorgan Chase & Co. from $176.00 to $169.00 in a research note on Tuesday, October 10th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $179.11.

Read Our Latest Analysis on JPM

Insider Activity at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total value of $561,546.64. Following the completion of the sale, the insider now owns 205,461 shares in the company, valued at $34,256,512.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total transaction of $561,546.64. Following the completion of the sale, the insider now owns 205,461 shares in the company, valued at $34,256,512.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Vice Chairman Peter Scher sold 1,812 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total value of $301,969.80. Following the sale, the insider now owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,072 shares of company stock worth $6,297,103. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Profile

(Free Report)

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 deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.

Further Reading

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

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