Rothschild Asset Management Inc. Has $164.58 Million Stake in JPMorgan Chase & Co. (JPM)

Rothschild Asset Management Inc. cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,723,137 shares of the financial services provider’s stock after selling 56,264 shares during the period. JPMorgan Chase & Co. comprises approximately 1.8% of Rothschild Asset Management Inc.’s investment portfolio, making the stock its biggest holding. Rothschild Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $164,577,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of JPMorgan Chase & Co. by 1.5% in the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock valued at $22,839,729,000 after purchasing an additional 3,717,683 shares during the last quarter. Northern Trust Corp raised its holdings in shares of JPMorgan Chase & Co. by 1.8% in the second quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock valued at $4,475,468,000 after purchasing an additional 847,463 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of JPMorgan Chase & Co. by 2.5% in the second quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock valued at $2,898,729,000 after purchasing an additional 765,082 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of JPMorgan Chase & Co. by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock valued at $2,621,677,000 after purchasing an additional 176,306 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of JPMorgan Chase & Co. by 2.1% in the second quarter. Legal & General Group Plc now owns 17,769,351 shares of the financial services provider’s stock valued at $1,624,143,000 after purchasing an additional 369,878 shares during the last quarter. Institutional investors own 73.82% of the company’s stock.

A number of analysts have recently issued reports on the stock. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Morgan Stanley boosted their target price on shares of JPMorgan Chase & Co. from $128.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a report on Thursday, January 18th. Argus boosted their target price on shares of JPMorgan Chase & Co. from $109.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Finally, Bank of America set a $119.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Monday, January 15th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $107.42.

In other news, General Counsel Stacey Friedman sold 17,729 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $112.33, for a total value of $1,991,498.57. Following the completion of the sale, the general counsel now owns 21,260 shares of the company’s stock, valued at $2,388,135.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ashley Bacon sold 16,434 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the completion of the sale, the insider now directly owns 98,811 shares of the company’s stock, valued at approximately $11,088,570.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 152,047 shares of company stock worth $17,098,115. Corporate insiders own 0.88% of the company’s stock.

JPMorgan Chase & Co. (NYSE:JPM) opened at $110.04 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $117.35. The company has a market cap of $381,808.66, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 1.86 and a beta of 1.23. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The firm had revenue of $24.15 billion for the quarter, compared to the consensus estimate of $24.87 billion. During the same period in the previous year, the company earned $1.71 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. equities research analysts predict that JPMorgan Chase & Co. will post 8.85 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were issued a $0.56 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $2.24 annualized dividend and a dividend yield of 2.04%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.

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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.

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

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