JPMorgan Chase & Co. (JPM) Holdings Increased by Legal & General Group Plc

Legal & General Group Plc raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 18,083,319 shares of the financial services provider’s stock after purchasing an additional 313,968 shares during the quarter. JPMorgan Chase & Co. comprises about 1.3% of Legal & General Group Plc’s investment portfolio, making the stock its 7th largest position. Legal & General Group Plc’s holdings in JPMorgan Chase & Co. were worth $1,727,118,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Private Vista LLC bought a new position in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $102,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $102,000. Welch Investments LLC bought a new position in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $103,000. Legacy Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $106,000. Finally, Atlantic Trust LLC bought a new position in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $136,000. Hedge funds and other institutional investors own 73.66% of the company’s stock.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 16,434 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the completion of the transaction, the insider now directly owns 98,811 shares of the company’s stock, valued at approximately $11,088,570.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Peter Scher sold 26,532 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $113.42, for a total value of $3,009,259.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 152,047 shares of company stock valued at $17,098,115. 0.88% of the stock is currently owned by corporate insiders.

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods raised JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 target price for the company in a report on Tuesday, February 13th. Buckingham Research raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Thursday, December 21st. Nomura set a $115.00 price objective on JPMorgan Chase & Co. and gave the stock a “neutral” rating in a report on Friday, January 12th. Vetr raised JPMorgan Chase & Co. from a “strong sell” rating to a “sell” rating and set a $102.07 price objective for the company in a report on Tuesday, February 6th. Finally, Argus increased their price objective on JPMorgan Chase & Co. from $109.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have issued a buy rating to the stock. JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average price target of $108.71.

JPMorgan Chase & Co. (NYSE:JPM) opened at $114.68 on Monday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. The stock has a market capitalization of $397,910.00, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22. JPMorgan Chase & Co. has a one year low of $81.64 and a one year high of $117.35.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. The firm had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the company posted $1.71 EPS. equities research analysts predict 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. Shareholders of record on Friday, January 5th were paid 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 was Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is currently 35.11%.

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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.

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

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