JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Paradigm Financial Partners LLC

Paradigm Financial Partners LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 13.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,622 shares of the financial services provider’s stock after buying an additional 3,443 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.0% of Paradigm Financial Partners LLC’s holdings, making the stock its 19th largest position. Paradigm Financial Partners LLC’s holdings in JPMorgan Chase & Co. were worth $2,755,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in JPM. Morgan Stanley lifted its holdings in shares of JPMorgan Chase & Co. by 6.4% in 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 buying an additional 2,262,845 shares during the period. Eastern Bank lifted its holdings in shares of JPMorgan Chase & Co. by 8.8% in the second quarter. Eastern Bank now owns 352,552 shares of the financial services provider’s stock valued at $33,162,000 after buying an additional 28,642 shares during the period. Vantage Investment Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 87.7% in 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 buying an additional 67,724 shares during the period. Cerebellum GP LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at $119,000. Finally, First Trust Advisors LP lifted its holdings in shares of JPMorgan Chase & Co. by 6.1% in 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 buying an additional 51,895 shares during the period. Institutional investors and hedge funds own 69.35% of the company’s stock.

Shares of JPM stock opened at $114.57 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.88 and a quick 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 stock’s 50-day moving average is $103.80 and its two-hundred day moving average is $99.04. The firm has a market cap of $349.23 billion, a P/E ratio of 14.98, a PEG ratio of 2.68 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Monday, October 19th. The financial services provider reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.69. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. The company had revenue of $29.90 billion for the quarter, compared to analyst estimates of $28.20 billion. During the same period in the prior year, the firm posted $2.68 EPS. The business’s revenue was up 4.0% compared to the same quarter last year. As a group, research analysts expect that JPMorgan Chase & Co. will post 7.47 EPS for the current year.

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

In other JPMorgan Chase & Co. news, CFO Jennifer Piepszak sold 3,297 shares of the company’s stock in a transaction dated Monday, October 26th. The stock was 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 company’s stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $100.98, for a total value of $230,335.38. Corporate insiders own 0.78% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Credit Suisse Group reaffirmed a “buy” rating and set a $126.00 target price (up from $122.00) on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. BMO Capital Markets boosted their target price on JPMorgan Chase & Co. from $117.00 to $119.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 14th. Independent Research raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $110.00 in a research report on Tuesday, September 29th. TheStreet raised JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a research report on Tuesday, August 4th. Finally, Morgan Stanley reaffirmed a “buy” rating and set a $106.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company’s stock. JPMorgan Chase & Co. currently has an average rating of “Buy” and an average price target of $111.34.

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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