JPMorgan Chase & Co. (NYSE:JPM) is Fishman Jay A Ltd. MI’s 7th Largest Position

Fishman Jay A Ltd. MI trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 249,329 shares of the financial services provider’s stock after selling 982 shares during the period. JPMorgan Chase & Co. makes up approximately 3.8% of Fishman Jay A Ltd. MI’s holdings, making the stock its 7th largest position. Fishman Jay A Ltd. MI’s holdings in JPMorgan Chase & Co. were worth $24,003,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in JPM. Morgan Stanley lifted its holdings in shares of JPMorgan Chase & Co. by 6.4% during the first quarter. Morgan Stanley now owns 37,812,884 shares of the financial services provider’s stock valued at $3,404,295,000 after purchasing an additional 2,262,845 shares during the last quarter. Eastern Bank lifted its holdings in shares of JPMorgan Chase & Co. by 8.8% during the second quarter. Eastern Bank now owns 352,552 shares of the financial services provider’s stock valued at $33,162,000 after purchasing an additional 28,642 shares during the last quarter. Vantage Investment Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 87.7% during the second quarter. Vantage Investment Partners LLC now owns 144,906 shares of the financial services provider’s stock valued at $13,630,000 after purchasing an additional 67,724 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $119,000. Finally, First Trust Advisors LP lifted its holdings in shares of JPMorgan Chase & Co. by 6.1% during the second quarter. First Trust Advisors LP now owns 908,804 shares of the financial services provider’s stock valued at $85,482,000 after purchasing an additional 51,895 shares during the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and raised their price target for the company from $125.00 to $130.00 in a research report on Wednesday. Morgan Stanley reissued a “buy” rating and set a $106.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price target for the company from $105.00 to $115.00 in a research report on Thursday, September 3rd. Independent Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price target for the company from $100.00 to $110.00 in a research report on Tuesday, September 29th. Finally, BMO Capital Markets raised their price target on shares of JPMorgan Chase & Co. from $117.00 to $119.00 and gave the company a “market perform” rating in a research report on Wednesday, October 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $111.34.

In other JPMorgan Chase & Co. news, CFO Jennifer Piepszak sold 3,297 shares of the business’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $101.11, for a total value of $333,359.67. Also, insider Nicole Giles sold 2,281 shares of the business’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $100.98, for a total transaction of $230,335.38. 0.78% of the stock is currently owned by insiders.

JPM opened at $114.57 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.88 and a current ratio of 0.88. JPMorgan Chase & Co. has a fifty-two week low of $76.91 and a fifty-two week high of $141.10. The firm’s fifty day moving average is $103.80 and its 200 day moving average is $99.04. The stock has a market cap of $349.23 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 2.68 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Monday, October 19th. The financial services provider reported $2.92 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.69. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. The company had revenue of $29.90 billion for the quarter, compared to analysts’ expectations of $28.20 billion. During the same quarter in the previous year, the company earned $2.68 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts predict that JPMorgan Chase & Co. will post 7.47 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Investors of record on Tuesday, October 6th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Monday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 34.35%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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