Great West Life Assurance Co. Can Decreases Position in JPMorgan Chase & Co. (JPM)

Great West Life Assurance Co. Can reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,806,980 shares of the financial services provider’s stock after selling 124,679 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.9% of Great West Life Assurance Co. Can’s portfolio, making the stock its 16th largest holding. Great West Life Assurance Co. Can’s holdings in JPMorgan Chase & Co. were worth $362,601,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Jackson Grant Investment Advisers Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock worth $301,000 after purchasing an additional 12 shares during the period. IPG Investment Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.3% during the second quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 17 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 0.5% during the second quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 26 shares during the period. Fort Pitt Capital Group LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.4% during the second quarter. Fort Pitt Capital Group LLC now owns 9,084 shares of the financial services provider’s stock worth $830,000 after purchasing an additional 37 shares during the period. Finally, Financial Consulate Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 1.1% during the second quarter. Financial Consulate Inc. now owns 4,075 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 44 shares during the period. Institutional investors and hedge funds own 73.66% of the company’s stock.

In related news, Director James S. Crown bought 7,280 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were acquired at an average price of $113.37 per share, with a total value of $825,333.60. Following the completion of the transaction, the director now owns 305,875 shares of the company’s stock, valued at approximately $34,677,048.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter Scher sold 17,057 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.20, for a total transaction of $1,913,795.40. Following the transaction, the executive vice president now directly owns 15,310 shares in the company, valued at approximately $1,717,782. The disclosure for this sale can be found here. Insiders have sold 152,047 shares of company stock worth $17,098,115 in the last ninety days. 0.88% of the stock is currently owned by insiders.

A number of analysts have issued reports on JPM shares. Argus lifted their target price on shares of JPMorgan Chase & Co. from $109.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Nomura set a $115.00 target price on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Friday, January 12th. Credit Suisse Group reiterated an “outperform” rating and issued a $125.00 target price (up from $120.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday, January 16th. Barclays lifted their target price on shares of JPMorgan Chase & Co. from $105.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Wells Fargo & Co set a $120.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $108.71.

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $114.68 on Friday. 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. has a one year low of $81.64 and a one year high of $117.35. The firm has a market cap of $397,910.00, a price-to-earnings ratio of 17.97, a PEG ratio of 1.97 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same period in the previous year, the company earned $1.71 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 3.3% on a year-over-year basis. research analysts anticipate that JPMorgan Chase & Co. will post 8.78 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 5th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 35.11%.

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JPMorgan Chase & Co. Company Profile

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

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