Advantus Capital Management Inc Lowers Holdings in JPMorgan Chase & Co. (JPM)

Advantus Capital Management Inc trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 345,214 shares of the financial services provider’s stock after selling 4,378 shares during the quarter. JPMorgan Chase & Co. accounts for 1.0% of Advantus Capital Management Inc’s holdings, making the stock its 13th largest holding. Advantus Capital Management Inc’s holdings in JPMorgan Chase & Co. were worth $37,963,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in shares of JPMorgan Chase & Co. by 1.4% during the 4th quarter. Bank of New York Mellon Corp now owns 38,499,692 shares of the financial services provider’s stock worth $4,117,157,000 after purchasing an additional 530,709 shares during the last quarter. Capital International Investors lifted its stake in shares of JPMorgan Chase & Co. by 4.6% during the 3rd quarter. Capital International Investors now owns 18,080,222 shares of the financial services provider’s stock worth $1,726,842,000 after purchasing an additional 802,024 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of JPMorgan Chase & Co. by 11.7% during the 4th quarter. Jennison Associates LLC now owns 17,180,823 shares of the financial services provider’s stock worth $1,837,317,000 after purchasing an additional 1,804,721 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of JPMorgan Chase & Co. by 1.7% during the 4th quarter. UBS Asset Management Americas Inc. now owns 16,016,187 shares of the financial services provider’s stock worth $1,712,771,000 after purchasing an additional 262,688 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of JPMorgan Chase & Co. by 3.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 12,689,478 shares of the financial services provider’s stock worth $1,356,838,000 after purchasing an additional 373,921 shares during the last quarter. Institutional investors and hedge funds own 72.00% of the company’s stock.

Shares of JPMorgan Chase & Co. opened at $104.20 on Friday, Marketbeat.com reports. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $354.32 billion, a PE ratio of 15.17, a PEG ratio of 1.71 and a beta of 1.21. JPMorgan Chase & Co. has a fifty-two week low of $88.08 and a fifty-two week high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 13th. The financial services provider reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.09. The business had revenue of $27.90 billion for the quarter, compared to analyst estimates of $27.73 billion. JPMorgan Chase & Co. had a return on equity of 12.60% and a net margin of 22.53%. The company’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.65 earnings per share. research analysts anticipate that JPMorgan Chase & Co. will post 9.03 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Friday, July 6th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Thursday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 32.61%.

JPM has been the subject of a number of analyst reports. Zacks Investment Research cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. HSBC initiated coverage on JPMorgan Chase & Co. in a research note on Wednesday, April 11th. They set a “hold” rating and a $111.00 price objective for the company. ValuEngine cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Vetr cut JPMorgan Chase & Co. from a “strong-buy” rating to a “buy” rating and set a $123.29 price objective for the company. in a research note on Thursday, April 5th. Finally, Jefferies Financial Group restated a “buy” rating and set a $122.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, April 16th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $114.06.

In other news, Director Todd A. Combs acquired 13,000 shares of the business’s stock in a transaction dated Monday, May 14th. The shares were acquired at an average cost of $114.61 per share, with a total value of $1,489,930.00. Following the completion of the acquisition, the director now owns 18,277 shares of the company’s stock, valued at $2,094,726.97. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Chase & Co Jpmorgan acquired 22,000 shares of the business’s stock in a transaction dated Thursday, May 31st. The stock was purchased at an average cost of $1,000.00 per share, for a total transaction of $22,000,000.00. The disclosure for this purchase can be found here. Insiders bought 53,000 shares of company stock worth $25,488,830 over the last three months. Corporate insiders own 0.73% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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