Nordea Investment Management AB Has $591.27 Million Stake in JPMorgan Chase & Co. (JPM)

Nordea Investment Management AB increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,190,698 shares of the financial services provider’s stock after acquiring an additional 17,539 shares during the period. JPMorgan Chase & Co. makes up about 1.4% of Nordea Investment Management AB’s portfolio, making the stock its 18th largest holding. Nordea Investment Management AB’s holdings in JPMorgan Chase & Co. were worth $591,274,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. ETRADE Capital Management LLC lifted its stake in JPMorgan Chase & Co. by 4.2% in the 3rd quarter. ETRADE Capital Management LLC now owns 88,152 shares of the financial services provider’s stock valued at $8,419,000 after buying an additional 3,513 shares in the last quarter. Haverford Trust Co. lifted its stake in JPMorgan Chase & Co. by 0.8% in the 3rd quarter. Haverford Trust Co. now owns 1,431,991 shares of the financial services provider’s stock valued at $136,769,000 after buying an additional 10,670 shares in the last quarter. CFO4Life Group LLC lifted its stake in JPMorgan Chase & Co. by 6.6% in the 3rd quarter. CFO4Life Group LLC now owns 12,323 shares of the financial services provider’s stock valued at $1,177,000 after buying an additional 763 shares in the last quarter. Van Hulzen Asset Management LLC lifted its stake in JPMorgan Chase & Co. by 126.9% in the 3rd quarter. Van Hulzen Asset Management LLC now owns 8,760 shares of the financial services provider’s stock valued at $837,000 after buying an additional 4,900 shares in the last quarter. Finally, Cornerstone Financial Partners LLC purchased a new position in JPMorgan Chase & Co. in the 3rd quarter valued at about $2,607,000. Hedge funds and other institutional investors own 73.66% of the company’s stock.

A number of research analysts recently weighed in on JPM shares. Wells Fargo & Co raised their price target on shares of JPMorgan Chase & Co. from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $105.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, November 15th. Buckingham Research raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Thursday, December 21st. Barclays raised their price target 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, Credit Suisse Group raised shares of JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price target on the stock in a research note on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have given a buy rating to the company’s stock. JPMorgan Chase & Co. has an average rating of “Hold” and an average price target of $108.71.

Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $114.68 on Friday. The company has a market cap of $397,910.00, a P/E ratio of 17.97, a PEG ratio of 1.97 and a beta of 1.22. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12-month low of $81.64 and a 12-month high of $117.35.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results 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. The firm had revenue of $24.15 billion for the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.71 EPS. analysts forecast that JPMorgan Chase & Co. will post 8.78 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is presently 35.11%.

In related news, insider Ashley Bacon sold 16,434 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total value of $1,844,223.48. Following the completion of the sale, the insider now owns 98,811 shares in the company, valued at approximately $11,088,570.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 17,729 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $112.33, for a total transaction 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 approximately $2,388,135.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,047 shares of company stock worth $17,098,115. Corporate insiders own 0.88% of the company’s stock.

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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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