JPMorgan Chase & Co. (JPM) Holdings Lifted by IFM Investors Pty Ltd

IFM Investors Pty Ltd grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 15.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 179,788 shares of the financial services provider’s stock after purchasing an additional 24,335 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.5% of IFM Investors Pty Ltd’s investment portfolio, making the stock its 5th largest position. IFM Investors Pty Ltd’s holdings in JPMorgan Chase & Co. were worth $20,287,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Capital Planning Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 18.6% during the 2nd quarter. Capital Planning Advisors LLC now owns 14,951 shares of the financial services provider’s stock worth $1,558,000 after acquiring an additional 2,349 shares during the last quarter. First Hawaiian Bank boosted its holdings in shares of JPMorgan Chase & Co. by 384.3% in the 3rd quarter. First Hawaiian Bank now owns 95,808 shares of the financial services provider’s stock worth $10,811,000 after buying an additional 76,026 shares during the last quarter. Eagle Global Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.6% in the 2nd quarter. Eagle Global Advisors LLC now owns 175,550 shares of the financial services provider’s stock worth $18,292,000 after buying an additional 1,114 shares during the last quarter. Retirement Income Solutions Inc boosted its holdings in shares of JPMorgan Chase & Co. by 18.0% in the 2nd quarter. Retirement Income Solutions Inc now owns 4,650 shares of the financial services provider’s stock worth $485,000 after buying an additional 708 shares during the last quarter. Finally, Bartlett & Co. LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.5% in the 2nd quarter. Bartlett & Co. LLC now owns 97,475 shares of the financial services provider’s stock worth $10,157,000 after buying an additional 1,395 shares during the last quarter. Hedge funds and other institutional investors own 70.12% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. ValuEngine raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Citigroup upped their price objective on shares of JPMorgan Chase & Co. from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, September 26th. Finally, Morgan Stanley dropped their price objective on shares of JPMorgan Chase & Co. from $131.00 to $124.00 and set an “overweight” rating on the stock in a report on Tuesday. Twelve equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $121.85.

JPM stock opened at $99.91 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $344.57 billion, a P/E ratio of 14.54, a P/E/G ratio of 1.52 and a beta of 1.15. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.24 by $0.10. The company had revenue of $27.26 billion for the quarter, compared to analysts’ expectations of $27.20 billion. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. During the same period in the prior year, the business earned $1.76 earnings per share. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 9.22 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Friday, January 4th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.20%. The ex-dividend date is Thursday, January 3rd. JPMorgan Chase & Co.’s dividend payout ratio is currently 46.58%.

In other news, Director Mellody L. Hobson bought 1,150 shares of the business’s stock in a transaction on Friday, October 19th. The stock was acquired at an average price of $108.94 per share, with a total value of $125,281.00. Following the completion of the purchase, the director now directly owns 2,632 shares in the company, valued at $286,730.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.73% of the stock is owned by corporate insiders.

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JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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