JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by CFM Wealth Partners LLC

CFM Wealth Partners LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 14.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,841 shares of the financial services provider’s stock after acquiring an additional 2,099 shares during the quarter. CFM Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $1,792,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Morgan Stanley grew its position in 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 buying an additional 2,262,845 shares during the period. Neuberger Berman Group LLC increased its position in JPMorgan Chase & Co. by 3.0% during the 2nd quarter. Neuberger Berman Group LLC now owns 11,257,504 shares of the financial services provider’s stock worth $1,058,633,000 after purchasing an additional 330,733 shares in the last quarter. Nordea Investment Management AB increased its position in JPMorgan Chase & Co. by 101.0% during the 2nd quarter. Nordea Investment Management AB now owns 8,992,678 shares of the financial services provider’s stock worth $840,726,000 after purchasing an additional 4,518,458 shares in the last quarter. Principal Financial Group Inc. increased its position in JPMorgan Chase & Co. by 1.2% during the 2nd quarter. Principal Financial Group Inc. now owns 7,418,335 shares of the financial services provider’s stock worth $697,769,000 after purchasing an additional 85,840 shares in the last quarter. Finally, Davis Selected Advisers increased its position in JPMorgan Chase & Co. by 1.7% during the 2nd quarter. Davis Selected Advisers now owns 7,351,742 shares of the financial services provider’s stock worth $691,505,000 after purchasing an additional 120,847 shares in the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

Several brokerages have issued reports on JPM. Independent Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price objective for the company from $100.00 to $110.00 in a research report on Tuesday, September 29th. Credit Suisse Group reaffirmed a “buy” rating and issued a $126.00 price objective (up previously from $122.00) on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. BMO Capital Markets raised their price target on shares of 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. Royal Bank of Canada reissued a “buy” rating and set a $110.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. Finally, 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 stock from $125.00 to $130.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $111.34.

JPM stock 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. The stock has a market capitalization of $349.23 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 2.68 and a beta of 1.15. JPMorgan Chase & Co. has a 1 year low of $76.91 and a 1 year high of $141.10. The stock’s fifty day moving average is $103.80 and its two-hundred day moving average is $99.04.

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

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

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

JPMorgan Chase & Co. 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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