Raymond James Trust N.A. grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 278,768 shares of the financial services provider’s stock after purchasing an additional 1,276 shares during the quarter. JPMorgan Chase & Co. comprises about 1.9% of Raymond James Trust N.A.’s portfolio, making the stock its 4th biggest position. Raymond James Trust N.A.’s holdings in JPMorgan Chase & Co. were worth $26,625,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new position in JPMorgan Chase & Co. during the third quarter valued at $102,000. Atlantic Trust LLC bought a new position in JPMorgan Chase & Co. during the second quarter valued at $136,000. Northwest Investment Counselors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the second quarter worth $165,000. Capital Advisors Ltd. LLC lifted its position in shares of JPMorgan Chase & Co. by 53.0% during the second quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after acquiring an additional 670 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its position in shares of JPMorgan Chase & Co. by 59.5% during the second quarter. Tortoise Investment Management LLC now owns 1,959 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 731 shares in the last quarter. 73.76% of the stock is currently owned by institutional investors.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of JPMorgan Chase & Co. 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 sale, the general counsel now owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.88% of the company’s stock.
JPMorgan Chase & Co. (NYSE JPM) opened at $112.67 on Friday. JPMorgan Chase & Co. has a 1-year low of $81.64 and a 1-year high of $112.85. The firm has a market cap of $390,930.00, a P/E ratio of 16.16, a P/E/G ratio of 2.04 and a beta of 1.22. 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. (NYSE:JPM) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 24.08% and a return on equity of 11.68%. The company had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. During the same period in the previous year, the business earned $1.71 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. analysts anticipate that JPMorgan Chase & Co. will post 6.91 earnings per share for the current year.
The business also recently announced 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. This represents a $2.24 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.14%.
Several equities research analysts have issued reports on the company. Vining Sparks restated a “buy” rating and set a $120.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday. Vetr downgraded JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price objective on the stock. in a research report on Wednesday. Nomura set a $115.00 price target on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Friday. Argus raised their price target on JPMorgan Chase & Co. from $109.00 to $125.00 and gave the company a “buy” rating in a research report on Friday. Finally, Deutsche Bank downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and raised their price target for the company from $90.00 to $96.00 in a research report on Tuesday, September 26th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company’s stock. JPMorgan Chase & Co. presently has an average rating of “Hold” and an average target price of $102.52.
About JPMorgan Chase & Co.
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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