JPMorgan Chase & Co. (JPM) Stake Increased by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 861,149 shares of the financial services provider’s stock after buying an additional 20,628 shares during the period. Victory Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $82,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mosaic Family Wealth LLC increased its holdings in shares of JPMorgan Chase & Co. by 32.6% during the 3rd quarter. Mosaic Family Wealth LLC now owns 4,454 shares of the financial services provider’s stock worth $425,000 after buying an additional 1,094 shares during the last quarter. SPC Financial Inc. increased its holdings in shares of JPMorgan Chase & Co. by 2.2% during the 3rd quarter. SPC Financial Inc. now owns 25,342 shares of the financial services provider’s stock worth $2,420,000 after buying an additional 538 shares during the last quarter. Lyell Wealth Management LP increased its holdings in shares of JPMorgan Chase & Co. by 1.6% during the 3rd quarter. Lyell Wealth Management LP now owns 56,047 shares of the financial services provider’s stock worth $5,353,000 after buying an additional 860 shares during the last quarter. Delta Asset Management LLC TN increased its holdings in shares of JPMorgan Chase & Co. by 5.5% during the 3rd quarter. Delta Asset Management LLC TN now owns 15,117 shares of the financial services provider’s stock worth $1,444,000 after buying an additional 782 shares during the last quarter. Finally, Penserra Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 12.5% during the 3rd quarter. Penserra Capital Management LLC now owns 6,416 shares of the financial services provider’s stock worth $612,000 after buying an additional 712 shares during the last quarter. Institutional investors and hedge funds own 73.75% of the company’s stock.

JPMorgan Chase & Co. (NYSE JPM) opened at $108.34 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $110.03. The company has a market cap of $375,910.00, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 2.04 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.09. JPMorgan Chase & Co. had a net margin of 24.08% and a return on equity of 11.68%. The company had revenue of $25.33 billion during the quarter, compared to analysts’ expectations of $24.91 billion. During the same quarter last year, the company posted $1.58 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. equities research analysts forecast that JPMorgan Chase & Co. will post 6.92 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be given a $0.56 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 2.07%. JPMorgan Chase & Co.’s dividend payout ratio is presently 32.14%.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the transaction, the general counsel now owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.88% of the company’s stock.

A number of analysts have recently issued reports on the stock. Credit Suisse Group upgraded shares of JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price target for the company in a report on Friday. Deutsche Bank downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and raised their price target for the stock from $90.00 to $96.00 in a report on Tuesday, September 26th. Citigroup increased their price objective on shares of JPMorgan Chase & Co. from $90.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday, October 6th. Wells Fargo & Co set a $120.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Finally, Robert W. Baird increased their price objective on shares of JPMorgan Chase & Co. from $88.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $93.63.

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JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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