DNB Asset Management AS Grows Position in JPMorgan Chase & Co. $JPM

DNB Asset Management AS boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 708,547 shares of the financial services provider’s stock after acquiring an additional 18,151 shares during the period. JPMorgan Chase & Co. accounts for 0.8% of DNB Asset Management AS’s portfolio, making the stock its 21st largest holding. DNB Asset Management AS’s holdings in JPMorgan Chase & Co. were worth $223,497,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Chaney Capital Management Inc. bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $233,000. Weaver Consulting Group increased its holdings in shares of JPMorgan Chase & Co. by 2.5% in the third quarter. Weaver Consulting Group now owns 3,283 shares of the financial services provider’s stock worth $1,036,000 after purchasing an additional 79 shares during the last quarter. West Family Investments Inc. increased its holdings in shares of JPMorgan Chase & Co. by 0.9% in the third quarter. West Family Investments Inc. now owns 15,288 shares of the financial services provider’s stock worth $4,822,000 after purchasing an additional 138 shares during the last quarter. Advisor OS LLC lifted its position in shares of JPMorgan Chase & Co. by 1.2% in the third quarter. Advisor OS LLC now owns 20,497 shares of the financial services provider’s stock worth $6,466,000 after buying an additional 245 shares in the last quarter. Finally, Interchange Capital Partners LLC lifted its position in shares of JPMorgan Chase & Co. by 14.8% in the third quarter. Interchange Capital Partners LLC now owns 16,414 shares of the financial services provider’s stock worth $5,177,000 after buying an additional 2,115 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Trading Down 0.3%

Shares of JPM opened at $299.43 on Thursday. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $337.25. The company has a market cap of $807.57 billion, a P/E ratio of 14.96, a P/E/G ratio of 1.24 and a beta of 1.06. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.27. The company’s fifty day simple moving average is $311.90 and its 200-day simple moving average is $308.64.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its quarterly earnings results on Tuesday, January 13th. The financial services provider reported $5.23 EPS for the quarter, topping analysts’ consensus estimates of $4.93 by $0.30. JPMorgan Chase & Co. had a net margin of 20.35% and a return on equity of 17.16%. The firm had revenue of $45.80 billion during the quarter, compared to analysts’ expectations of $45.98 billion. During the same period in the previous year, the company earned $4.81 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, January 31st. Stockholders of record on Tuesday, January 6th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.99%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JPM. DZ Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, January 14th. Royal Bank Of Canada reissued an “outperform” rating and issued a $330.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, January 14th. Barclays reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Friday, February 13th. Zacks Research cut shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, The Goldman Sachs Group boosted their target price on shares of JPMorgan Chase & Co. from $386.00 to $397.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Fourteen analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $339.55.

View Our Latest Research Report on JPM

Key JPMorgan Chase & Co. News

Here are the key news stories impacting JPMorgan Chase & Co. this week:

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,404 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $306.40, for a total transaction of $1,042,985.60. Following the completion of the sale, the general counsel directly owned 61,949 shares in the company, valued at approximately $18,981,173.60. This trade represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Troy L. Rohrbaugh sold 50,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $307.11, for a total transaction of $15,355,500.00. Following the sale, the chief executive officer directly owned 111,279 shares of the company’s stock, valued at $34,174,893.69. This represents a 31.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 71,596 shares of company stock valued at $22,067,932. Company insiders own 0.47% of the company’s stock.

About JPMorgan Chase & Co.

(Free Report)

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

Further Reading

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

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